NEWS

HMRC opened investigations into 184 of the largest EU businesses operating in the UK in 2024/25, reports Lubbock Fine – a 10% increase over activity in the previous financial year. Data obtained by the firm also reveals that, although the HMRC Large...

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

A new survey suggests that tax policy stability is a higher priority than tax rates, for internationally mobile wealthy individuals. Figures from BDO’s September 2025 poll of 200 wealthy individuals reveal that stability of government, simplicity of...

HMRC have launched a one-to-many letter campaign aimed at large businesses on the claiming of management expenses under CTA 2009 s 1219, the CIOT confirms. The initial intention behind the letters to businesses and agents is to give advance notice...

Although rumoured to have been dropped by the Chancellor, partnership NICs could impose a charge on income not received by partners (given the common practice of leaving money in the firm) and cause resulting damage to the professional services...

Extending the freeze in income tax thresholds by a further two years, as reportedly being considered by the Chancellor, would raise significant extra tax for the Exchequer in a ‘broad-based and progressive way’, says a recent report by the Institute...

HMRC have published new guidance for administrators of public service pension schemes on the process for offsetting refunds of tax charges against charges arising in respect of members who receive top-up lump sums under the public services pension...

The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations, SI2025/1182, extend by a further 12 months (until 31 December 2026), the transitional arrangements which allow certain categories of Gibraltar-based financial services firms to...

The OECD has issued an update to its Model Tax Convention. The 2025 update introduces changes approved on 18 November 2025 which will be incorporated in revised, condensed and full editions of the Model, scheduled for publication in 2026. The update...

Harnessing the power of generative AI and technology, alongside managing Pillar Two obligations and aligning tax insights with their overall organisational strategy, are three key priorities for businesses, reveals EY’s 2025 Tax and Finance...