Issue 1766

Analysis

• Permanent Establishment exemption: preparing for mandatory application
• The 2026 loan charge settlement scheme: the beginning of the end?
• Practical implications of the UK-to-UK transfer pricing exemption
• Prize draws and VAT: a lottery?
• Ask an expert: Evergreen funds and the new carried interest rules

In brief

• Sanctionable conduct

News

• CGT liabilities rise 89% to record £24.2bn
• Pubs and hotels business rates: methodology call for evidence
• Technical Note 2 for IHT on pensions
• CIOT outlines support for extension of VAT online marketplace rules
• VAT relief could remove barriers to social housing
• New PPT guidance on using a mass balance approach
• Provisional carbon pricing schemes list for UK CBAM relief
• HMRC clarify mandatory registration rules for complex business structures
• GAAR Panel rejects umbrella company dual-payment arrangements
• Calls for safeguards on automated debt recovery
• Scottish Land Commission proposes land tax administration reforms

Cases

• Knights Developments Ltd v HMRC
• A Pontin and others v HMRC
• AXA Insurance UK plc and another v HMRC and another

One minute with

• One minute with... James Burton

Trackers

• HMRC manual changes: 4 September 2026

Ask an expert

• Ask an expert: Evergreen funds and the new carried interest rules