NEWS

HMRC have added the UK’s new double tax conventions with Andorra, Portugal and Romania to its tax treaties collection, confirming that all three entered into force in December 2025. The conventions take effect in the UK from 1 January 2026 for...

Finance Bill 2026 passed the Committee of the Whole House stage on 12 and 13 January 2026 unamended save for the six government amendments to Sch 12, which increase the cap on the amount of 100% business and agricultural property relief from the...

The CIOT has released four briefings (available in its ‘Finance Bill 2025/26 briefings collection’) on: income tax rate changes for property, savings and dividends (warning of added complexity and potential extra workload for HMRC); IHT changes to...

Updated HMRC guidance on exemptions from Making Tax Digital for Income Tax clarifies that agents should use the Agent Dedicated Line to apply for, or appeal against refusal of, digital exclusion exemptions. The guidance also confirms that...

HMRC’s Wealthy Team are sending letters to agents who complete IHT forms (IHT400s) on behalf of their clients, reminding them of the need to include cryptoassets where relevant....

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

Members of the OECD Inclusive Framework on BEPS have agreed several new safe harbours as part of a package of measures on the global minimum tax rules, the most eye-catching of which would exclude US-headquartered groups from the scope of the Pillar...

As announced in late December 2025, the Government will increase the amount of BPR/APR available at 100% from £1m to £2.5m – allowing spouses or civil partners to pass on up to £5m in qualifying agricultural or business assets between them. Six...

HMRC have added a new set of guidance to their Guidelines for Compliance series. Help with imported hybrid mismatches: GfC16 is aimed at multinationals dealing with the imported hybrid mismatch rules in TIOPA 2010 Part 6A Chapter 11. The Guidelines...

HMRC have changed their position on the VAT treatment of supplies of temporary medical staff, following a recent tribunal decision. Revenue & Customs Brief 9/25 sets out HMRC’s view, following the First-tier Tribunal decision in Isle of Wight NHS...