Draft legislation for Finance Bill 2026 is to be published on Monday 21 July 2025, James Murray, Exchequer Secretary to the Treasury, has announced in a written statement. This will cover ‘pre-announced policy changes’. Explanatory notes, tax...
CA confirms FTT approach to determining POEM for dual resident trusts
President Trump signed the One Big, Beautiful Bill Act into law on 4 July. The retaliatory measure set out in section 899 was removed after the G7 reached a shared understanding regarding US exemption from the Pillar Two global minimum tax rules....
Scottish FTT upholds Revenue Scotland’s assessments relating to incorrectly claimed LBTT group relief
One minute with Charlie Friend, winner of Tolley’s rising star award.
Responding to general speculation that the 2025 Autumn Budget will need to include tax increases, following the UK Government’s recent reversal of plans to save money through welfare reform, the Institute for Fiscal Studies (IFS) pours hot water on...
Property requiring renovation was ‘suitable for use as a dwelling’
HMRC data suggests that the number of real estate investment trusts (REITs) in breach of the conditions for their special tax status has nearly quadrupled over the last year, according to analysis by law firm BCLP (Bryan Cave Leighton Paisner). The...
Andrew Solomon and Aharon Friedman (Sullivan & Cromwell) report on an action-packed seven days in Washington....
The Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) (Amendment) Regulations, SI 2025/783, allow HMRC to specify Pillar Two territories and overseas domestic top-up...
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