Issue 1741

Analysis

• Tax and the City for February 2026
• Permanent Establishment reform: what has changed, who is affected and why does it matter?
• The Pillar Two Side-by-Side package: how UK groups should approach compliance
• An increasingly tough stance on behavioural penalties
• Isle of Wight NHS Trust: will exempting doctors leave posts unfilled?

In brief

• Suspended penalties
• The Supreme Court hearing in Orsted Sands

News

• Exchequer Secretary defends tax adviser registration regime as Law Society warns of market impact
• GfC17: help with sharing group structure information
• Tax treatment of two new Scottish Social Security benefits
• CBAM technical consultation launched
• Special tax sites in Scotland
• Draft EU report calls for VAT reform for financial sector
• Progress on the Finance Bill and NIC Bill
• FTT: outcome of procedure rule change proposals

Cases

• HMRC v A O’Brien
• Jeneruhl Trade Ltd and another v HMRC
• Carbon Six Engineering Ltd v HMRC
• Other cases that caught our eye: 13 February 2026

One minute with

• One minute with... Fabian Barth

Trackers

• Tax watch: 13 February 2026