HMRC have updated their guidance on the UK-India National Insurance Double Contributions Convention (DCC) to clarify the transitional arrangements for employees already on temporary assignment when the DCC took effect on 15 July 2026. Employees sent...
The CIOT and ATT have reported problems with HMRC’s processing of 2025/26 self-assessment tax returns which include Overseas Workday Relief (OWR) claims under the transitional provisions. In their report, the professional bodies say that some tax...
The Data-gathering (Ongoing Data: Interest and Payment Card Transactions) Regulations, SI 2026/1152, will require relevant financial institutions to report specified data annually or quarterly, and relevant merchant acquirers monthly, from April...
The CIOT has welcomed the proposed Founders’ Relief as a potentially significant incentive for entrepreneurs, but warned that its conditions must allow normal commercial decisions without inadvertently jeopardising relief. The ICAEW has also...
The Individual Savings Account (Amendment) (No. 3) Regulations, SI 2026/1130, reduce the Lifetime ISA withdrawal charge from 25% to 20% from 29 October 2026 for property purchases above the £450,000 price cap. Announced at Budget 2026, the change...
Loan settlement did not discharge income tax liability: In S Fullerton v HMRC [2026] UKFTT 1479 (TC) (26 October), the FTT dismissed the taxpayer’s appeal against a discovery assessment and carelessness penalty arising from the release of her...
Electrical substation established mixed-use treatment for SDLT
Revenue & Customs Brief 12/2026 confirms VAT zero-rating from 23 June 2026 for qualifying free supplies of medicines to treat NHS patients, including supplies during clinical trials and qualifying post-trial treatment. Pending royal assent to Finance...
