Issue 1737

Analysis

• The OECD’s Pillar Two side-by-side package
• Complex statutory construction: the Court of Appeal’s approach in Tower One
• Trouble in store for the Sehgals
• Tax and the City for January 2026
• Acting ‘as such’: the special legal regime after Northumbria Healthcare

In brief

• Concerns over the scope of new conduct rules for advisers
• Revenue fraud
• The new share for share anti-avoidance
• Value on death: IHT

News

• HMRC manual changes: 16 January 2026
• Scottish Budget 2026/27
• Side-by-side package to be included in future Finance Bill
• HMRC consulting on CIS changes
• Removal of linked goods concession
• Double tax conventions come into force
• Finance Bill progress
• Professional bodies issue FB 2026 briefings
• MTD exemptions guidance
• IHT on cryptoassets nudge letter

Cases

• HMRC v Sintra Global Inc and another
• Ripe Ltd v HMRC
• Littlewoods Ltd v HMRC
• Other cases that caught our eye: 16 January 2026

One minute with

• One minute with... Fiona Poole

Trackers

• HMRC manual changes: 16 January 2026