Announcing a ‘streamlined’ online registration service for income tax self-assessment, HMRC say that the service now offers: pre-populated taxpayer information; signposting to online support; a save-and-return function; and confirmation by email or...
The OECD/G20 Inclusive Framework on BEPS has published a Global Minimum Tax package containing a framework for reviewing domestic implementing legislation, a revised GloBE Information Return (GIR) and further administrative guidance. Released on 11...
The Finance Act 2026 (Scottish and Welsh Property Income Rates) (Appointed Day and Tax Year) Regulations, SI 2026/1023, appoint 2027/28 as the first tax year in relation to which powers to set property income tax rates will be devolved to the...
HMRC collected £391.6bn in tax receipts in the five months to August 2026 – £24.9bn more than in the corresponding period last year. The increase was driven principally by income tax, CGT and NICs, which together rose by £16.6bn. VAT receipts...
The Liberal Democrats have proposed raising the income tax personal allowance and employee NICs threshold from £12,570 to £15,000. The party says the changes would take 2.5m people out of income tax. In his party conference speech, Sir Ed Davey also...
This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
The CIOT has welcomed a proposal to allow land remediation relief to be claimed when qualifying expenditure is incurred, rather than when completed properties are sold, saying this would improve cashflow. However, it warned that making claims...
Revenue & Customs Brief 8/2026 sets out a change to the way non-UK businesses within VAT groups claim refunds of UK VAT. Such businesses must now submit claims in their own name for VAT they have incurred. HMRC will no longer accept a claim from the...
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