Issue 1759

Analysis

• The new carried interest regime: implications for non-residents working in the UK
• Mandatory tax adviser registration: clearer, but not clear enough
• Loans to participators: where are we now?
• Estoppel and abuse of process in VAT
• International review for June 2026

News

• Tax Update 2026: government publishes simplification and compliance package
• HMRC asked to clarify CIS treatment of development finance
• HMRC Transfer Pricing and Profit Diversion Compliance Facility
• ICTS consultation
• UK-India Double Contributions Convention arrangements extended
• Tax gap rises to £59.2bn, with small businesses largest contributor
• Treasury report on anti-money laundering consultation

Cases

• HMRC v HFFX LLP; Atkins and others v HMRC
• 1 to 4 v HMRC and Redevco Properties UK 1 Ltd v HMRC
• Other cases that caught our eye: 26 June 2026

One minute with

• One minute with...Fiona Clark

Trackers

• HMRC manual changes: 26 June 2026
• Consultation tracker
• Case watch
• Tax watch: 26 June 2026