Only one in ten taxpayers in the top 0.01% by total remuneration paid an effective average tax rate close to the 47% headline rate on employment income in 2021/22, according to a new report from CenTax. Entry to that group required total remuneration...
The reclassification of OIGs may appear to be a narrow technical adjustment solely related to the operation of the temporary repatriation facility, but it has wider practical implications, as Liz Fothergill (Mercer & Hole) explains....
Some PAYE taxpayers with income over £35,000 may see recovery of their 2026 winter fuel payment begin through their tax code from January 2027, rather than April, the ATT reports. This will affect those from whom HMRC are already recovering a 2025...
New HMRC measures risk cumulative constitutional and practical effects that piecemeal consultation may fail to reveal, write Chris Sanger, Constantine Christofi and Craig Kirkham-Wilson (EY)....
HMRC’s proposals on modernising the taxation of distributions affect areas of tax law that are well-established and form the basis of many corporate and investment structures. Two proposals stand out: The first is the proposal for a freeze on...
R&D relief claims denied because operational innovations did not advance overall scientific or technological capability
HMRC will publish an action plan later this financial year setting out how they intend to expand their use of artificial intelligence, Financial Secretary to the Treasury James Murray has said. Addressing HMRC’s annual Stakeholder Conference on 10...
HMRC have published new guidance on the anti-avoidance information notice powers in FA 2026. The new guidance outlines the information and document powers that HMRC may use where they reasonably suspect that a person is connected with the promotion...
The Value Added Tax (Supplies of Domestic Electricity) Order, SI 2026/987, gives effect to the UK Government’s announcement that supplies of domestic electricity in England, Wales and Scotland will be zero-rated for VAT purposes for the period from 1...
