UK: 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
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Romania: 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
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UK: 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,
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UK: 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
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UK 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
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Andorra 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
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UK: 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
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UK: 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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UK unveils digital tax strategy roadmap with focus on e-invoicing
The UK aims to modernise its tax and customs systems through a digital strategy centred on e-invoicing and improved compliance. The UK’s tax, payments, and customs authority, HM Revenue and Customs (HMRC), has set out its “digital by
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EU to remove tariffs on UK steel under restored quota system
The initiative will allow the UK to export up to 27,000 tonnes of steel to the EU per quarter, tariff-free, restoring its quota to pre-2022 levels. The EU will remove tariffs on key British steel products under a quota system starting 1 August
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UK: HMRC adds Spain, Guernsey as Pillar Two recognised territories
HMRC confirms Spain and Guernsey as recognised Pillar Two jurisdictions in Notice 2 issued on 24 July 2025. The UK’s tax, payments and customs authority, His Majesty’s Revenue & Customs (HMRC) issued Notice 2 — Pillar Two top-up taxes
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UK: HMRC consults tax measures proposed in Finance Bill 2025-26
HMRC opened a consultation on 21 July 2025 on draft measures for the Finance Bill 2025–2026, covering tax reforms, digitalisation, and anti-avoidance, with feedback due by 15 September 2025. The UK’s HM Revenue and Customs (HMRC) has
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UK HMRC updates top-up tax rules to align with 2025 OECD guidance
UK updates top-up tax rules to align with OECD Pillar Two guidance, effective mostly from 31 December 2025. UK HMRC has released a policy paper on 21 July 2025 outlining additional changes to the Multinational Top-up Tax and the Domestic Top-up
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Andorra: General Council ratifies income tax treaty with UK
Andorra’s parliament has approved the ratification of a new income and capital tax treaty with the UK, set to take effect after ratification is exchanged. The Andorran General Council approved the ratification of the income and capital tax
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UK: HMRC launches compliance campaign on directors’ loans
HMRC is contacting directors over potentially undeclared released loans, with possible implications for both personal and company tax compliance. The UK’s HMRC is contacting company directors who had loans released or written off between April
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