Issue 1739

Analysis

• COP 9 and serious tax fraud: HMRC’s tougher approach
• TP and UTPP in Finance Bill 2026: more complexity and uncertainty
• Demystifying the Substantial Shareholdings Exemption
• International review for January 2026
• TOMS, taxis and private hire vehicles
• Ask an expert: Image rights, offshore structures and UK tax exposure

News

• HMRC manual changes: 30 January 2026
• Tax bodies back Lords concerns over IHT reforms, including ‘huge’ burden on PRs
• Finance Bill 2026 amendments
• PAYE changes for employment expenses and gift aid relief
• UK-Peru double tax convention
• Welsh Budget
• Client-account interest proposals draws strong criticism from the profession
• NICs reforms could undermine salary sacrifice, warns CIOT
• Self-assessment overpayments reach £8.9bn
• Self-assessment reactivations via the Agent Dedicated Line
• HMRC publish report on financial institution notice powers (FINS)

Cases

• M Holden v HMRC and HMRC v The Boston Consulting Group UK LLP and others
• Nimbus: The Disability Consultancy Service Ltd v HMRC
• Delphi Derivatives Ltd (in liquidation) v HMRC
• Other cases that caught our eye: 30 January 2026

One minute with

• One minute with... Hayley Ives

Trackers

• HMRC manual changes: 30 January 2026

Ask an expert

• Ask an expert: Image rights, offshore structures and UK tax exposure