UK: HMRC issues guidance on Pillar Two multinational top-up tax, domestic top-up tax returns
The UK’s His Majesty’s Revenue and Customs (HMRC) has published a guidance, on 30 June 2026, on the process for submitting returns for Pillar Two top-up taxes in the UK, Pillar Two top-up taxes submission of returns (Notice 3). This notice
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UK: HMRC consults VAT relief for social housing land
The UK’s His Majesty Revenue and Customs (HMRC) has launched a public consultation on the VAT treatment of land sales intended for the construction of new social housing, including a proposal to introduce a new VAT zero-rate on 23 June
See MoreUK: HMRC proposes capital gains tax relief changes for business asset gifts
The UK’s His Majesty's Revenue and Customs (HMRC) has published a policy paper and draft legislation setting out reforms to the Capital Gains Tax (CGT) relief available for gifts of business assets. The policy paper, published on 23 June 2026,
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UK consults mandatory registration for customs intermediaries
The UK’s HMRC has launched a consultation on plans to introduce mandatory registration for customs intermediaries that submit customs declarations on behalf of traders, as part of wider efforts to improve compliance, protect revenue and
See MoreUK announces reforms to simplify tax system, strengthen customs enforcement
The UK government has unveiled a broad package of tax and customs reforms aimed at simplifying compliance, expanding digital services and strengthening tax enforcement. Announced in a statement by Exchequer Secretary to the Treasury Dan Tomlinson on
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UK: HMRC clarifies electricity generator levy increase to 55% from July 2026
The UK’s HM Revenue & Customs has published a policy paper providing clarification of the increase in the Electricity Generator Levy (EGL) on 17 June 2026. As previously announced, the EGL rate will rise from 45% to 55% with effect from 1
See MoreUK: HMRC consults draft International Controlled Transactions Schedule (ICTS)
The UK’s His Majesty's Revenue and Customs (HMRC) has launched a technical consultation regarding cross-border related party transactions on 16 June 2026, inviting views on the details of a draft International Controlled Transactions Schedule
See MoreUK: HMRC updates anti-avoidance rule for share exchanges, reconstructions
The UK’s HMRC outlined changes to Section 137 of the Taxation of Chargeable Gains Act 1992 (TCGA) that took effect on 26 November 2025, published in the Capital Gains Manual on the Anti-avoidance rule for share exchanges and company
See MoreUK: HMRC consults double taxation issues for UK residents in US LLCs
UK’s His Majesty's Revenue and Customs (HMRC) has initiated a consultation on 10 June 2026 regarding the measures to mitigate double taxation affecting UK-resident individuals who are members of United States limited liability companies (LLCs) and
See MoreUK: HMRC issues guidance for agents on accessing, updating Pillar Two top-up tax information
The UK's His Majesty's Revenue and Customs (HMRC) has published guidance outlining how agents can access and amend a client's domestic top-up taxes and multinational top-up taxes (Pillar Two top-up taxes) information through its online
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Azerbaijan, UK conclude first round of new tax treaty negotiations
Azerbaijan and the UK held the first round of negotiations in London on a new convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains, according to a 10 June 2026
See MoreUK: HMRC updates guidance on revised share exchange anti-avoidance rules
UK’s HM Revenue & Customs (HMRC) has published new guidance in its Capital Gains Manual explaining the operation of revised anti-avoidance rules for share exchanges and company reconstructions on 8 June 2026. The guidance, set out in a new
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New Zealand, UK sign new income and capital tax treaty
New Zealand Inland Revenue has announced that a new income and capital tax treaty with the UK was signed on 1 June 2026. The treaty applies to New Zealand income tax and to UK income tax, corporation tax and capital gains tax. According to
See MoreUK: HMRC issues advance tax certainty service manual for major investment projects
The UK’s His Majesty’s Revenue and Customs (HMRC) has published an Advance Tax Certainty Service Manual on 1 June 2026 to support both taxpayers and HMRC staff in operating the new Advance Tax Certainty Service. The manual provides structured
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UK consults on tariff cuts for 125 essentials, mileage rate increase
The UK government has launched a consultation on suspending tariffs on more than 100 everyday essentials and has confirmed an increase in mileage rates for workers using their own vehicles for business use. The package, published by HM Treasury
See MoreUK: HMRC updates DOTAS guidance on disclosure rules, reporting duties, and penalties
The UK HM Revenue & Customs (HMRC) has revised its guidance outlining the statutory requirements for the Disclosure of Tax Avoidance Schemes (DOTAS) regime on 29 May 2026. The Disclosure of Tax Avoidance Schemes (DOTAS) regime is designed to
See MoreUK updates qualifying Pillar Two jurisdictions, domestic top-up tax lists
The UK has updated its list of recognised jurisdictions and taxes under the Pillar Two framework, adding four jurisdictions to its recognised Qualified Domestic Minimum Top-up Tax (QDMTT) and accredited QDMTT safe harbour lists while revising the
See MoreUK: HMRC proposes to make foreign permanent establishment tax exemption mandatory from 2027
The UK HM Revenue & Customs (HMRC) has issued a policy paper outlining proposed changes to the tax treatment of foreign permanent establishments, also known as foreign branches on 21 May 2026. For most companies, it will be mandatory for
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