Issue 1727

Analysis

• Medpro: better late than never
• How AI could change the interpretation of public CbCR data
• Fraud: the next ‘failure to prevent’ frontier
• Private client review for October 2025
• OBBBA: one big beautiful guide for non-US tax professionals

In brief

• Taking cover
• More on s 455
• HMRC’s technical note on RIFs

News

• HMRC manual changes: 17 October 2025
• Reeves should ‘grasp the nettle’ on tax reform, says IFS
• HMRC raise game on football clubs
• Conservatives would scrap SDLT, says Badenoch
• Tax treatment of cryptoasset exchange traded notes
• Trusts & estates return: practical point
• Irish Budget 2026
• Scottish Budget date now confirmed
• Draft Welsh Budget

Cases

• Mainpay Ltd v HMRC
• Dialog Semiconductor Ltd v HMRC
• Hippodrome Casino Ltd v HMRC
• Other cases that caught our eye: 17 October 2025

One minute with

• One minute with… Sam Brodsky

Trackers

• HMRC manual changes: 17 October 2025