The UK government will tighten transfer pricing rules and replace the diverted profits tax with a new corporation tax charge. The government has announced plans to revise the UK's international tax framework, which involves narrowing the

The Decision replaces Annex I to Decision 4/2023, which outlines standard forms for sharing information and data, exchanging information by using the Common Communication Network, and arranging contact between central liaison offices and liaison

The UK Foreign Secretary, David Lammy announced yesterday,  20 May 2025, that the UK government has suspended negotiations for a new free trade agreement with Israel. This decision was made in response to Israel’s ongoing military actions in

Canada’s Prime Minister Mark Carney said on 18 May 2025 that the federal government will present a budget this autumn. This follows Finance Minister François-Philippe Champagne's announcement on 14 May 2025 that the government won’t table a

The UK's HM Revenue and Customs (HMRC) has increased penalties for unpaid tax liabilities for VAT and Making Tax Digital for Income Tax Self Assessment taxpayers under the Finance Act 2021, following the introduction of Regulations SI 2025/589 made

His Majesty's Revenue and Customs (HMRC) has introduced Regulations SI 2025/578 granting taxpayers additional time to submit their final Value Added Tax (VAT) return following the cancellation of their VAT registration. The amendment applies to