Romania: Senate approves new tax treaty with UK
Once in force, the treaty will replace the existing Romania–United Kingdom Income Tax Treaty of 1975. The Romanian Senate approved the new tax treaty with the UK on 29 September 2025. The new agreement, signed on 13 November 2024, aims to
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UK: HMRC releases latest R&D tax credit data
HMRC reports GBP 7.6bn in R&D tax relief for 2023–24, with SME claims down and RDEC claims up. The UK’s HM Revenue and Customs (HMRC) published the latest update in its yearly series on research and development (R&D) activities on 30
See MoreUK: HMRC introduces tool to determine qualifying R&D activities for tax relief
The tool is designed to check R&D tax relief for eligible projects. The UK’s HM Revenue and Customs (HMRC) issued guidance on 30 September 2025 introducing an online tool designed to help taxpayers assess whether a project contains
See MoreUK: HMRC publishes 2025 corporate tax statistics
This annual report details corporate tax receipts and liabilities, categorised by company count, income, deductions, industry sector, size, and financial year. The UK tax authority, HM Revenue & Customs (HMRC), published its annual
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UK: HMRC issues guidance on PAYE addressing non-compliance in the umbrella company market
These rules are based on draft legislation and the government’s approach to tackling non-compliance in the umbrella company market. HMRC issued guidance on 17 September 2025 outlining new rules that place responsibility on recruitment agencies
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US: House Republicans call on President Trump to advocate ending UK DST
The letter mentions that, since 2020, the UK Digital Services Tax has collected over USD 3 billion, diverting economic profit from American innovators and workers to foreign coffers. US Congressman Ron Estes (R-Kansas) led 21 of his colleagues in
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Portugal, UK sign new income tax treaty
The new income tax treaty will replace the 1968 Portugal-UK tax treaty when it takes effect. Portugal and the UK signed a new income tax treaty on 15 September 2025. The agreement aims to prevent or reduce double taxation between the two
See MoreUK: Finance minister plans tax changes to aid small businesses
UK plans tax reforms to boost small business growth. The UK’s finance minister, Rachel Reeves, announced plans to explore reforms to business property taxation on 11 September 2025, aiming to ease expansion for small enterprises and stimulate
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Czech Republic, UK advance new tax treaty negotiations
Once in force, the new tax treaty will replace the 1990 tax treaty between the UK and the former Czechoslovakia. Czech and UK officials will hold the second round of income tax treaty negotiations from 16–19 September 2025, following the
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UK: Treasury consults on draft amendments to money laundering regulations
The deadline for sending feedback is 30 September 2025. The UK Treasury launched a consultation on 2 September 2025 on the draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations SI 2025. Feedback is
See MoreRomania: Chamber of Deputies approves new tax treaty with the UK
The new tax treaty will replace the 1975 tax treaty between Romania and the UK. Romania’s Chamber of Deputies (lower house of parliament) has approved a new income and capital tax treaty with the UK on 3 September 2025. Signed on 13
See MoreUK: Budget scheduled for 26 November 2025
UK’s Chancellor sets Budget for 26 November, highlighting key economic and social measures. Today, Wednesday 3 September, UK Chancellor Rachel Reeves confirmed that the Budget will be presented on Wednesday, 26 November. In a video message,
See MoreUK: HMRC updates guidance on Pillar 2 top-up taxes reporting, registration
HMRC has refreshed its guidance on registering and reporting Pillar 2 Top-up Taxes, clarifying who can file, what information is needed, and when returns are due. UK HMRC updated their guidelines on “How to report Pillar 2 Top-up Taxes” and
See MoreUK considers replacing stamp duty with new property tax
UK Treasury considers replacing stamp duty with a new levy on homes over GBP 500,000, aiming for more stable revenue from fewer transactions. The UK Treasury is reportedly considering a major shift in property taxation, exploring the replacement
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Paraguay, UK negotiate to advance income tax treaty
Paraguay and the UK met to advance an income tax treaty and strengthen economic cooperation. Officials from Paraguay and the UK met on 12 August 2025 to discuss a broad agenda of bilateral issues, with particular attention on advancing an income
See MoreAndorra ratifies income and capital tax treaty with UK
Andorra has officially ratified its income and capital tax treaty with the UK, following approval by its General Council. Andorra published a notice in its Official Gazette on 13 August 2025 confirming the ratification of the income and capital
See MoreUK: HMRC announces reduced late payment, repayment interest rates
HMRC announced revised interest rates on late and early tax payments, effective 27 August 2025. HMRC published updated interest rates for late and early payments on 8 August 2025, following the Bank of England’s 7 August decision to lower the
See MoreUK: HMRC publishes internal guidance on multinational, domestic top-up taxes
HMRC has published internal guidance on the UK’s Multinational and Domestic Top-up Taxes, aligned with the OECD’s Pillar Two rules. UK’s tax, payments and customs authority (HMRC) published its Internal Manual on the Multinational Top-up
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