UK: HMRC publishes roadmap for mandatory VAT e-invoicing
UK’s HM Revenue & Customs (HMRC) published an e-invoicing implementation roadmap on 28 October 2026, setting out when VAT invoices must become e-invoices, the role of Peppol and the steps businesses should take next. Unless a specific
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UK freezes fuel duty until July 2027
Britain will keep fuel duty frozen and extend a temporary 5p cut, Finance Minister John Healey said on 28 October 2026 in his 2026 budget statement. The government will keep the 5p cut in place through the winter and spring, until at least July
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UK doubles bank tax surcharge for 15 months
The UK Finance Minister John Healey announced on 28 October 2026 that the UK will double a tax surcharge on banks for 15 months. The measure is part of the 2026 budget, which was presented to Parliament on 28 October 2026. The surcharge applies
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UK Budget 2026 sets out major corporate, personal and indirect tax reforms
UK’s Chancellor of the Exchequer John Healey presented Budget 2026 to Parliament on 28 October 2026. Most of the measures will be legislated through Finance Bill 2026-27, while others will be introduced through secondary legislation or future
See MoreTrade defence on polymer imports dominate the UK tariff schedule
Targeted trade-defence action defined the UK Global Tariff this week as authorities enacted immediate import controls on suspension and mass polyvinyl chloride (PVC) from China, Mexico, and South Korea while allowing existing remedy measures on
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UK: HMRC updates VAT guidance on cryptoassets
The UK’s HM Revenue & Customs (HMRC) published Help with VAT treatment of cryptoassets, Guidelines for Compliance GfC21 on 15 October 2026 and updated the guidance on 21 October. The guidance explains how UK VAT rules apply to businesses
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UK: HMRC publishes draft default values for carbon border adjustment mechanism
The UK HM Revenue & Customs (HMRC) has published a draft force of law notice setting default values for the UK carbon border adjustment mechanism (CBAM) on 16 October 2026. The default values let liable persons comply with CBAM when actual
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UK rules out capital gains tax increase
The UK has ruled out raising capital gains tax in finance minister John Healey’s first budget on 28 October 2026, following warnings that higher taxes could prompt wealthy individuals to leave the country or delay selling assets, potentially
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Estonia approves new tax treaty with the UK
Estonia’s government has approved a draft law to ratify a new income and capital tax treaty with the UK on 15 October 2026. The treaty was signed on 28 August 2026 and will replace the tax treaty of 1994 between the two countries. The treaty
See MoreHeavy machinery trade defence and nomenclature restructuring lead UK tariff activity
The UK Global Tariff saw 165 measures take effect this week across 273 detected change records, balancing targeted enforcement in heavy machinery with widespread technical maintenance. The primary policy action brought trade-defence measures into
See MoreUK publishes customs assistance agreements with Australia, Bahrain
The UK Foreign, Commonwealth and Development Office published agreements on cooperation and mutual administrative assistance in customs matters with Australia and Bahrain on 13 October 2026. Both agreements were signed in Brussels on 23 June 2026
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UK considers smaller capital gains tax increase
The UK government will not raise capital gains tax to the same level as income tax, although a smaller increase remains possible ahead of the Budget on 28 October 2026. Finance minister John Healey faces pressure to raise tax revenue to offset
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UK: Britain plans VAT collection rules for online marketplaces
Britain plans to require online marketplaces, including Amazon, eBay and Temu, to collect VAT from business sellers with annual turnover exceeding GBP 90,000. The proposed measure is expected to raise up to GBP 1 billion to fund business rates
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UK tariff sees major technical overhaul in electrical machinery, trade defence
After three quiet days, UK tariff activity was defined by two large but highly technical updates. The week’s changes were not about new protectionist policy but about structural refinement, with a major nomenclature overhaul creating hundreds of
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UK proposes new anti-dumping duty on imports of Chinese rutile titanium dioxide
The UK’s Trade Remedies Authority (TRA) has published its initial recommendation to impose a new anti-dumping measure on imports of rutile titanium dioxide from China, after finding that the product is being dumped into the UK and that there is an
See MoreUK overhauls Iran controls, rolls over steel quotas in quarter-end surge
The start of the fourth quarter brought a surge of regulatory activity to the UK tariff, bookended by two major updates. The week was defined by a large-scale restructuring of import controls on Iranian goods, affecting key energy and industrial
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UK: Britain considers levy on Chinese EV imports
Britain's government is considering tariffs on electric vehicles imported from China, as concerns grow that state-subsidised cars are entering the British market at artificially low prices. Business Minister Jonathan Reynolds is preparing a
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EU urges UK to raise tariffs on Chinese cars
The European Union had urged the UK to increase tariffs on Chinese cars and align more closely with EU trade policy to prevent British exports from facing barriers under the bloc’s “made in Europe” measures, according to people familiar with
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