NEWS

HMRC are changing how employment related securities (ERS) net settlement should be reported, as part of their ongoing evaluation to identify process simplifications and reduce the administrative burden for employers. Following consultation with...

Regulations have been brought into force that require companies to maintain their own register of members, rather than electing to keep the information on the central register. The Economic Crime and Corporate Transparency Act 2023 (Commencement No....

HMRC guidance, ‘Register a non-resident company who disposed of UK property or land for Corporation Tax’, has been updated for how a non-UK resident company which has sold, gifted or transferred ownership of UK property or land registers for...

A definitive list of rates and thresholds for 2026/27 has been published by HMRC. See bit.ly/employers-rates. ...

The Scottish Government has confirmed that Air Departure Tax (ADT) is to be introduced from 1 April 2027 and has launched a consultation on the design of the tax, including a proposed exemption for flights to and from the Highlands and Islands. The...

The (Customs Site No. 1 Celtic) Designation Order, SI 2026/80, designates the Celtic Customs Site No. 1 at Port Talbot as a freeport within the wider Celtic Freeport area. It runs for ten years and is made under simplified customs rules to support...

The Welsh Government’s Budget for 2026/27 has been approved by the Senedd, following its publication on 20 January, with members also agreeing a Welsh Rates of Income Tax motion keeping the Welsh rate at 10p across all bands and leaving income tax...

A ‘Get ready for MTD: an agent toolkit’ has been published by HMRC to help agents get ready for the MTD changes for income tax effective from 6 April 2026. There is guidance on how carrying out a client segmentation exercise will help gather the...

The ATT has produced the following list of ten changes it would like the Government and HMRC to implement in 2026, aimed at simplifying the tax system and making it fairer and more effective for taxpayers, agents and HMRC: Making it easier for...

Tax Journal thanks its authors for January (click on links below to view author profiles and access their contributions):Jonathan Athow - HMRCs priorities for 2026: building for the futureJohn Barnett GrandfatheringJivaan Bennett -...