NEWS

Prime Minister Andy Burnham has announced a 20% cut in business rates for pubs, clubs and live music venues in England from 2027/28. The reduction will not be available for the largest live music venues. Although not expressly stated, the wording of...

HMRC have published an update on their ongoing investigations in relation to the Corporate Criminal Offence of the failure to prevent the facilitation of tax evasion (CCO), contrary to Criminal Finances Act 2017 s 45. As at 30 June 2026, HMRC had 13...

Overseas tax authorities made 1,553 requests to HMRC for information on UK taxpayers in 2025, up from 1,477 in 2024 and the highest figure for five years, according to FOI data obtained by Lubbock Fine. The firm said the requests reflected increased...

The prosecution of Robert Venables KC over alleged irregularities in his personal tax returns has ended without a verdict. After hearing evidence for more than eight weeks, the jury was unable to reach agreement on any count. Two jurors were excused...

New Prime Minister Andy Burnham has appointed former Defence Secretary John Healey as Chancellor, and also announced that the VAT rate on qualifying domestic electricity supplies in Great Britain will be cut from 5% to 0% from 1 October 2026. The...

Regulations establishing the new loan charge settlement scheme have been made, alongside two sets of HMRC guidance explaining how the scheme will operate (Find out about the loan charge settlement scheme) and summarising the wider loan charge rules...

The Taxation (Energy and Vehicles) Act 2026 received royal assent on 15 July 2026. The Act:  increases the rate of the electricity generator levy from 45% to 55% for qualifying periods beginning from 1 July 2026; increases the approved rate for...

HMRC are seeking views on draft regulations that would update various definitions used in FA 2011 Sch 19 and the Bank Levy (Loss Absorbing Instruments) Regulations, SI 2020/1188, so that they align with corresponding rules in the recently updated...

The Government has published its summary of responses to the consultation on simplifying the taxation of offshore interest. The Government has decided not to take forward any formal proposals at this stage, but says it will continue to consider the...

The Registered Pension Schemes (Provision of Information) (Miscellaneous Amendments) Regulations, SI 2026/818, introduce various requirements in relation to the forthcoming pensions IHT changes.  In essence, the aim is to ensure that the personal...