The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations, SI 2025/1253, clarify that the 45% corporation tax rate, which is applied to payments of restitution interest by HMRC, will only apply to interest awarded at a rate greater than the...
This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
Following the inadvertent early release of its November 2025 Economic and Fiscal Outlook report on the morning of the Budget, on 26 November, Richard Hughes, Chair of the Office for Budget Responsibility, has resigned from his position. Writing to...
The UK and international partners have announced a common aim to implement the OECD’s latest tax transparency framework for the automatic exchange of information on immovable property by 2029 or 2030, depending on the necessary domestic...
SEISS: In D Cotton v HMRC [2025] UKFTT 1398 (TC) (20 November), the taxpayer was a pipe fitter working onboard ship. He had claimed relief under the self-employed income support scheme, but on enquiry HMRC sought repayment of the amounts paid on the...
The Scottish Aggregates Tax (Administration) Regulations, SSI 2025/374, set out much of the detail required for the introduction of Scottish aggregates tax on 1 April 2026. The regulations cover: methodology for calculating the weight of...
Although briefly mentioned in the Budget Report as being given a 3.8% CPI uplift, the actual value of the car fuel benefit multiplier from April 2026 had not been included. The Van Benefit and Car and Van Fuel Benefit Order, SI 2025/1254, fills that...
Latest case hearing dates and appeals.
Philippe Gamito (Baker McKenzie) examines a year of significant VAT case law, from transfer pricing adjustments and debt-collection boundaries to the evolving scope of insurance and credit intermediation....
Tax Journal thanks its authors for December (click on links below to view author profiles and access their contributions):Imran Afzal KC - reflections on a career in taxZoe Andrews and Nadia Hourihan - That was the ...
