NEWS

HMRC and HM Treasury published the consolidated explanatory notes and tax information and impact notes for the Government amendments tabled at Report Stage of Finance Bill 2026. The material reflects the package of amendments previously announced...

Professional bodies responding to the Government’s call for evidence on tax support for UK entrepreneurs have urged a broader approach that goes beyond capital investment incentives and addresses structural complexity in the tax system. The call for...

The House of Lords agreed amendments to the National Insurance Contributions (Employer Pensions Contributions) Bill at Report Stage. The Bill empowers the Treasury to make regulations applying primary and secondary Class 1 NICs where an employer...

HMRC have published a new consultation paper seeking views on proposals to standardise the format, content and data tagging of corporation tax computations submitted by companies. The consultation, which was promised in Budget 2025, explores the...

The shadow advance corporation tax (ACT) rules are to be repealed with effect from 1 April 2026. The Corporation Tax (Treatment of Unrelieved Surplus Advance Corporation Tax) (Amendment) Regulations, SI 2026/196, provide that companies with...

Mandatory payrolling of benefits in kind will apply from 2027/28. The Income Tax (Pay As You Earn) (Amendment) Regulations, SI 2026/189, remove, from that date, the option for employers to register voluntarily for payrolling, as the voluntary regime...

Draft 2026 regulations will amend the investment rules for Child Trust Funds (CTFs) and Individual Savings Accounts (ISAs) with effect from 6 April 2026 Under the draft Child Trust Funds (Amendment) Regulations 2026, CTFs will no longer be permitted...

HMRC have published a tax information and impact note on amendments to the regulation-making power in FA 2024 Sch 9 para 134. The measure allows future regulations under that power to have effect for 2024/25 and extends the expiry date to 30 June...

Regulations have been issued (SI 2026/211) ensuring that payments made by local authorities under the new Crisis and Resilience Fund (CRF) will be exempt from income tax when the fund commences on 1 April 2026. The CRF replaces the Household...

HMRC have published an update to Notice 2 on Pillar Two top-up taxes, adding further territories to the lists of Pillar Two territories and territories with a qualifying domestic top-up tax. The lists in the notice have the force of law. The updates...