NEWS

HMRC are seeking views on draft legislation to set the annual cash ISA subscription limit for investors below the age of 65 at £12,000 from 6 April 2027. For investors aged 65 or over, the annual cash ISA limit will remain at £20,000.  The draft...

Revenue & Customs Brief 6/2026 sets out HMRC’s revised position on the VAT treatment of supplies of General Medical Council (GMC)-registered locum doctors following the Isle of Wight NHS Trust [2025] UKFTT 1114 (TC) decision. HMRC now accept that...

The Carbon Border Adjustment Mechanism (Calculation of CBAM Rate and Determination of Carbon Price Relief) Regulations, SI 2026/809, set out how the CBAM rate is to be calculated and how to determine the availability and amount of carbon price...

The Social Security (Contributions) (Isle of Man) Order, SI 2026/795, modifies UK social security legislation to give effect to the UK–Isle of Man agreement on NICs for employed and self-employed earners. The Order comes into force on the first day...

HMRC have published a consultation on the draft secondary legislation, due to come into force on 6 April 2028, to improve the quality and consistency of data HMRC receive on interest income (such as bank and building society interest) and card sales....

The Digital Communications and Contact Details Regulations, SI 2026/804, allow for digital communications by default, meaning that, unless they opt out, taxpayers who engage with HMRC digitally will receive digital communications from HMRC. The...

One of Legislation Day’s most consequential measures for multinational groups is the decision to make the foreign Permanent Establishment (PE) exemption compulsory. The Exchequer Secretary’s statement confirms that foreign PE profits and losses will...

The Value Added Tax (Amendment) Regulations, SI 2026/765, make the following changes to the VAT capital goods scheme (CGS) with effect from 29 July 2026: computers and items of computer equipment will be removed from the list of assets covered by the...

HMRC published guidance on the UK-India Double Contributions Convention, which comes into force on 15 July 2026 alongside the UK-India Comprehensive Economic and Trade Agreement. The convention ensures that cross-border workers and their employers...

FA 2026 Part 7 Chapter 1 introduced the mandatory registration of tax advisers details and requirements, but the legislation itself did not come into force immediately. Commencement was to be provided via regulations. HMRC started issuing guidance...