NEWS

Regulations (SI 2026/93) ensure that the Scottish Carer Supplement is chargeable to income tax, and the Carer’s Additional Person Payment is exempt from income tax. ...

HMRC have launched a technical consultation on the draft secondary legislation for the carbon border adjustment mechanism (CBAM) that will come into effect on 1 January 2027. The draft secondary legislation includes the legislative requirements...

Regulations have been issued designating two special tax sites in Scotland – the North East of Scotland (SI 2026/90) and Glasgow City Region Investment Zones (SI 2026/93) – with effect from 26 February 2026. ...

The European Parliament’s Economic and Monetary Affairs Committee (ECON) has circulated a draft report calling for a more coherent EU tax framework for the financial sector, with a central focus on reforming the VAT treatment of financial services....

Finance Bill 2026 has completed its Committee Stage in the House of Commons on 3 February. A revised text reflecting the amendments agreed in Public Bill Committee has since been published. The Government’s proposed changes were approved in full,...

Rule changes that reduce or remove some time limits in the First-tier Tribunals have been announced. The Tribunal Procedure and Employment Tribunal Procedure (Amendment) Rules, SI 2026/115, amend various tribunal procedure rules, including those that...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

In a series of briefings on the Finance Bill 2026, the Chartered Institute of Taxation (CIOT) has raised concerns that several measures, as currently drafted, could create uncertainty, increase complexity and give rise to unintended consequences in...

The Public Bill Committee has concluded its first four sittings, passing government amendments as expected. The following clauses and schedules were passed: cls 11, 12: corporation tax charge and rates; cl 13: EMI thresholds and period for exercise...

HMRC are changing how employment related securities (ERS) net settlement should be reported, as part of their ongoing evaluation to identify process simplifications and reduce the administrative burden for employers. Following consultation with...