The UK tax authority, His Majesty's Revenue and Customs (HMRC) issued guidance (CC/FS46) on 14 April 2025, detailing the penalties that financial institutions may face for failing to comply with Automatic Exchange of Information (AEOI)

Bulgaria’s National Revenue Agency (NRA) issued guidance on 31 March 2025 regarding revisions to the VAT registration threshold, which will take effect on 1 April 2025. The threshold is reduced from BGN 166,000 to BGN 100,000 . From 1 April

The UK’s tax, payments and customs authority (HMRC) has updated its guidance on interest rates for late and early tax payments on  27 March 2025. This rate was effective from 6 April 2025. The late payment interest rate will rise by 1.5

The UK’s Pillar Two Multinational Top-up Tax (MTT) rules recognise certain foreign income inclusion rules (IIR) and domestic top-up taxes as "qualifying" if they align with OECD standards. To provide clarity, the government introduced regulations

The Chancellor of the Exchequer announced that the government launched a consultation on a proposed new service aimed at providing advance statutory certainty on the application of UK corporation tax rules for businesses undertaking the "very

Bulgaria published its 2025 State Budget Act on 27 March 2025, introducing several key updates. The Act aligns the country’s Pillar 2 global minimum tax laws with OECD guidelines from 2023 and 2024, including rules on tax carryforwards,