NEWS

HMRC have added a section to their basic guidance which summarises tax on pensions, savings and other income for individual taxpayers. The new section covers paying back the winter fuel payment where the £35,000 income threshold is exceeded, noting...

The Department for Business and Trade and the Treasury have published a Double contributions convention explainer to set the context for the reciprocal agreement on social security contributions which the UK and India will negotiate, following the...

HMRC have issued a Notice which, having the force of law, specifies Spain and Guernsey as: Pillar Two territories; territories with qualified domestic minimum top-up taxes; and territories with accredited qualifying domestic top-up taxes, for the...

The European Commission is consulting (until 12 September 2025) on draft guidelines on the implementation of the Foreign Subsidies Regulation (FSR) (Regulation (EU) 2022/2560). The guidelines cover the following subjects, all of which are set out in...

The OECD Council has renewed the mandate of its Secretary-General, Mathias Cormann, for a second (and final) five-year term from 1 June 2026. Sybel Galván Gómez, OECD Ambassador for Mexico, who managed the process leading to the decision, said:...

The Institute for Fiscal Studies (IFS) has published a briefing paper on the twice-yearly economic and fiscal forecasts produced by the Office for Budget Responsibility (OBR). On balance, says the IFS, ‘there are strong arguments for retaining the...

The role of third-party software providers will come into sharper focus from April 2026, as the Making Tax Digital for Income Tax record-keeping requirements come into force for the first mandatory phase. This gives providers a vital role in the tax...

The UK Government has published a Transformation Roadmap for HMRC, setting out its vision of simplified online processes enabling tax compliance with ‘minimal effort’, minimising inadvertent errors, and with ‘swift action’ taken against those who are...

The HMRC Transformation Roadmap confirmed the Government’s intention not to proceed with Making Tax Digital for Corporation Tax. The ATT welcomed the news, cautioning that ‘there is no “one size fits all” solution’. Jon Stride, Chair of the ATT’s...