NEWS

A ‘Get ready for MTD: an agent toolkit’ has been published by HMRC to help agents get ready for the MTD changes for income tax effective from 6 April 2026. There is guidance on how carrying out a client segmentation exercise will help gather the...

The ATT has produced the following list of ten changes it would like the Government and HMRC to implement in 2026, aimed at simplifying the tax system and making it fairer and more effective for taxpayers, agents and HMRC: Making it easier for...

Tax Journal thanks its authors for January (click on links below to view author profiles and access their contributions):Jonathan Athow - HMRCs priorities for 2026: building for the futureJohn Barnett GrandfatheringJivaan Bennett -...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

The CIOT and the ATT have both welcomed the House of Lords Finance Bill Sub-Committee report (published 28 January 2026) on the Government’s IHT reforms affecting unused pension funds and changes to agricultural and business property reliefs...

The Government has tabled a series of amendments for the Finance Bill 2026 Public Bill Committee (which began on 27 January 2026), with updated explanatory notes issued for the more significant changes: cl 13 (EMI): extends the EMI exercise period...

HMRC have told the CIOT and ICAEW that from 2026/27 it will remove employment expenses over £120 from PAYE codes in certain cases, including where the taxpayer has no current PAYE income, there has been a full-year employment gap, no self-assessment...

The UK-Peru Double Taxation Convention entered into force on 21 January 2026 (given effect in the UK by SI 2025/1299). It applies in the UK from 6 April 2026 for income tax and capital gains tax, 1 April 2026 for corporation tax, and 1 January 2027...

On 20 January 2026, the Welsh government published its final Budget for 2026/27. It confirms tax proposals including maintenance of the current Welsh rates of income tax, no changes to the current land transaction tax rates, and new landfill...

The Ministry of Justice’s consultation on an Interest on Lawyers’ Client Accounts Scheme (ILCA) has prompted strong criticism from across the legal and professional services sector, with warnings of higher costs for businesses, pressure on...