Issue 1760

Analysis

• Tax Update day: a flexible friend?
• Tax Update 2026
• HFFX: the widening reach of miscellaneous income
• The VAT review for July 2026
• In conversation with… Rt Hon Sir Mel Stride MP

In brief

• Tax Update 2026: Plans to reform the income tax payment regime: a significant acceleration of ITSA tax liabilities
• Tax Update 2026: Modernising the distributions framework: familiar routes for extracting value or reorganising companies may change

News

• HMRC confirm transitional approach to Pillar Two filing penalties
• CIOT urges reform of CIS landlord payment rules
• HMRC publish capital v revenue expenditure toolkit
• New SDLT guidance published
• Updated Directions on employee expenses
• Low earner’s pension payments revised
• Pensions remedy: further tax and NICs changes
• Further lifetime allowance abolition changes
• Progress of the Taxation (Energy and Vehicles) Bill
• AI chat tool added to Gov.uk app
• Court fees to change from 13 July 2026

Cases

• Swiss Centre Ltd v HMRC
• L Henry v HMRC
• Winchester City Council v HMRC
• Other cases that caught our eye: 3 July 2026

One minute with

• One minute with... Emily Szasz

Trackers

• HMRC manual changes: 3 July 2026