Issue 1770

Analysis

• Budget 2026: options for taxing wealth
• Knights and treaty interpretation
• Using opinions of the GAAR Panel
• Group litigation in tax: wider lessons from the AXA judgment
• The VAT review for October 2026

In brief

• Loans to participators: s 455
• Modernising the taxation of distributions
• HMRC’s new anti-avoidance information notice powers

News

• Labour conference backs wealth and windfall taxes, as Burnham pledges national care service
• Welsh rates of income tax: HMRC report
• New VAT guidance on partnership details
• Further Scottish visitor levy changes
• HMRC expand guidance on adviser sanctionable conduct
• HMRC name 196 deliberate tax defaulters
• LITRG urges loan charge taxpayers to consider settlement offers
• R&D relief rises to £8.2bn as claims fall 17%

Cases

• Jumpman Gaming Ltd v HMRC
• K Poznic v HMRC
• Re Fulmar Contracting Ltd (In Liquidation) and others v M Williams and another
• Other cases that caught our eye: 2 October 2026

One minute with

• One minute with... Tom Margesson

Trackers

• Tax watch: 2 October 2026