UK: HMRC consults simplification of treaty relief for overseas withholding tax on interest
UK’s HM Revenue and Customs (HMRC) launched a consultation on Simplifying Treaty Relief from Withholding Tax on Interest Paid Overseas on 13 July 2026. This consultation details the current processes for obtaining treaty relief available under
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UK: Tax rules on business succession, digital compliance enters into force in April 2026
The UK's 2026/27 tax year introduces a broad package of tax measures taking effect from April 2026, with changes affecting business succession, tax compliance, employment costs, property taxation and employee incentives. Although many of the
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UK: HMRC launches advance tax certainty service for major investment projects
UK's HM Revenue and Customs (HMRC) has officially launched the Advance Tax Certainty Service, with applications open since 1 July 2026 to provide binding tax clearances for eligible major investment projects. The service is intended to reduce tax
See MoreUK: HMRC publishes draft side-by-side package, domestic top-up tax rules for multinationals
HMRC released a policy paper, draft legislation, and explanatory notes on 13 July 2026 covering the introduction of the Side-by-Side package and proposed changes to the UK's Multinational Top-up Tax and Domestic Top-up Tax regimes. Introduction
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India, UK: Comprehensive Economic and Trade Agreement enters into force
The Comprehensive Economic and Trade Agreement (CETA) between India and the UK will enter into force on 15 July 2026, marking a new phase in bilateral trade and economic cooperation. The agreement, signed on 24 July 2025 after 14 rounds of
See MoreUK: HMRC updates capital goods scheme to reduce VAT compliance burden
The UK’s HM Revenue & Customs (HMRC) has published a policy paper on the Simplification of the Capital Goods Scheme on 8 July 2026. This measure details the simplification of the Capital Goods Scheme to reduce the administrative burden for
See MoreUK completes massive steel quota rollover as new biofuel duties take effect
This week's UK tariff activity was defined by a massive administrative cycle that finalised the third-quarter steel tariff rate quota regime, accounting for the vast majority of the week's more than 7,300 changes. This large-scale but routine update
See MoreUK pivots from Q3 tariff reset to new trade defence measures
The start of the third quarter triggered a vast, scheduled administrative reset of the UK tariff, with over 18,000 measures taking effect to renew steel safeguard quotas, agricultural TRQs, and anti-dumping duties on fertilisers. This foundational
See MoreUK activates CPTPP rates for Mexico amidst Widespread Tariff RestructuringÂ
The UK's trade landscape was reshaped by over 17,000 regulatory changes this week, a volume dominated by administrative restructuring and targeted policy implementation. The strategic headline was the activation of new 0% duty rates for Mexican beef
See MoreUK, Sweden sign MOU on arbitration procedures for tax treaty disputes
The UK and Sweden have agreed a Memorandum of Understanding (MOU) establishing detailed procedures for conducting arbitration under Article 23 of the Convention between the UK of Great Britain and Northern Ireland and the Kingdom of Sweden for the
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UK: Supreme Court rules deferred partner profits taxable as miscellaneous income under Section 687
The UK Supreme Court ruled on 17 June 2026 that payments received by partners under a deferred remuneration scheme are taxable as miscellaneous income under section 687 of ITTOIA 2005, upholding the Court of Appeal's decision in HMRC v HFFX LLP
See MoreUK, Sweden publish MoU on tax treaty arbitration procedures
The UK's HM Revenue & Customs (HMRC) has published a memorandum of understanding (MoU) with Sweden setting out the arbitration procedures under Article 23 of the 2015 UK-Sweden Double Taxation Convention, as amended by the 2021 Protocol. The
See MoreUK confirms no Pillar Two late-filing penalties for returns filed before August 2026
UK’s tax authority, HMRC, has updated its Pillar Two guidance on 26 June 2026, confirming that under its transitional approach to implementing the Pillar Two top-up taxes, it will not impose late filing penalties for UK tax returns, overseas
See MoreUK: 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,
See MoreUK 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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