UK: HMRC launches consultation on changes to soft drinks levy, landfill tax, stamp duty, and other fiscal measures
The UK Treasury and His Majesty's Revenue and Customs (HMRC) have launched a series of public consultations on proposed changes to a range of taxes. These include the soft drinks industry levy, landfill tax, stamp duties, and gambling duty, along
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Saudi Arabia imposes 10% tax on undeveloped land to boost construction
Saudi Arabia has raised the annual fee on unused land from 2.5% to as much as 10% of the property's value, following Cabinet-approved reforms to the White Land Tax Law. The changes, enacted on 29 April 2025, represent the largest update to the law
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US: Trump to reveal 2026 federal budget plan later today
US President Donald Trump is set to unveil his 2026 fiscal year budget proposal today, 2 May 2025, which will then be submitted to Congress. The federal budget release follows after Republicans in Congress’ attempt to resolve divisions over
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Ireland updates excise rates ahead of carbon tax hike
Irish Revenue has published eBrief No. 090/25 on 25 April 2025, announcing updates to the Tax and Duty Manual concerning excise duty rates on energy products and electricity. The Tax and Duty Manual (TDM) on Excise Duty Rates on Energy Products
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UK: HMRC launches consultation to improve dispute resolution process
The UK tax authority, His Majesty’s Revenue and Customs (HMRC) launched a public consultation on 28 April 2025 to update and improve its dispute resolution process. The initiative seeks to support taxpayers in recognising and using the most
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Netherlands releases draft tax plan measures for 2026
The Netherlands State Secretary for Finance has sent a list of tax measures on 25 April 2025, which are expected to be included in the annual Tax Plan and other tax legislation planned for the year, to the lower house of parliament. The Tax Plan
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OECD report spotlights carbon forum progress, future plans
The OECD Secretary-General has published a report on 25 April 2025 addressing G20 finance ministers and central bank governors on the progress and initiatives of the Inclusive Forum on Carbon Mitigation Approaches (IFCMA). With 60 members and
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EU Parliament tax panel debates green shift, competitiveness and simplification
The European Parliament's Subcommittee on Tax Matters (FISC) organised a public hearing on "The role of tax in aligning the green transition and competitiveness" On 24 April 2025. At the hearing, experts were questioned on the role that tax
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Ireland: Revenue extends pay & file deadline for certain self-assessment taxpayers
Ireland Revenue has announced an extension to the Pay & File deadline for certain self-assessment Income Tax and Capital Acquisitions Tax (CAT) customers, as outlined in eBrief No. 088/25 on 24 April 2025. The new deadline for filing and
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Argentina: ARCA issues final reminder on asset regularisation regime deadline
The Argentine Tax Collection and Customs Control Agency (ARCA) reminds taxpayers that Phase 3 of the Asset Regularisation Regime, established under Law No. 27,743, will conclude on 7 May 2025. This announcement was made by ARCA on 21 April
See MoreUK launches technical consultation on 2027 carbon border tax
The UK's tax authority, His Majesty’s Revenue and Customs (HMRC) has opened a technical consultation on draft primary legislation for the UK’s planned carbon border adjustment mechanism (CBAM) on 24 April 2025, which is scheduled to come into
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US: IRS revises practice unit on home office, stewardship deductions for US branches of foreign firms
The US Internal Revenue Service (IRS) has updated its international practice unit, Section 861 - Home Office and Stewardship Expenses, on 28 March 2025, focusing on the deductibility of home office and stewardship expenses by a US branch of a
See MoreUK: HMRC urges sole traders and landlords to prepare for making tax reporting digital by April 2026
The UK tax authority, His Majesty’s Revenue and Customs (HMRC) has reminded sole traders and landlords with an income over GBP 50,000 that they have less than a year to prepare for Making Tax Digital for Income Tax (MTDIT), which takes effect on 6
See MoreUS: Treasury publishes list of countries requiring cooperation with an international boycott
The US Department of the Treasury published a notice in the Federal Register on 25 April 2025, listing countries that may require participation or cooperation in an international boycott. The list includes Iraq, Kuwait, Lebanon, Libya, Qatar,
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US: Trump reportedly plans to cut billions from programmes in 2026 budget proposal
The Trump Administration is planning to cut billions from child care, health research, education, and housing programmes in its 2026 budget proposal, which is being finalised by the White House's Office of Management and Budget, according to a New
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Slovenia seeks input on crypto and derivative financial instruments tax bills
The Slovenian Ministry of Finance has launched a public consultation on the draft Act on Capital Gains Tax on the Disposal of Crypto-Assets and the draft amendment to the Act on Capital Gains Tax on the Disposal of Derivative Financial Instruments,
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Malta enacts Budget Act introducing elective tax and capital deduction rules
Malta has enacted Act No. IX of 2025 on 17 April 2025, implementing key income tax measures for the 2025 financial year. The Act introduces an Elective Tax, allowing for the application of Pillar 2 top-up taxes on an optional basis. This follows
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India expands scope of luxury products subject to tax collection at source
India’s Central Board of Direct Taxes (CBDT) has issued Notifications No. 35/2025 and 36/2025, on 22 April 2025, expanding the scope of the 1% Tax Collected at Source (TCS) on high-value luxury goods. The updated scope now includes
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