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.
This month’s update illustrates how countries around the world are using tax levers to address fiscal challenges. Tim Sarson (KPMG) reports.
HMRC have published guidance on the new mandatory registration regime for tax advisers (‘Check if and when you need to register as a tax adviser with HMRC’), alongside a separate page on the conditions for registration (‘Check if...
The Council of the EU has added two countries – Turks and Caicos Islands and Vietnam – to the EU list of non-cooperative jurisdictions for tax purposes. At the same time, three countries – Fiji, Samoa and Trinidad and Tobago – are removed from the...
HMRC have published a comprehensive suite of guidance on intermediary registration for the EU VAT Import One Stop Shop (IOSS) scheme, ahead of intermediary services becoming available from 1 April 2026. The new guidance is aimed at UK advisers who...
Two sets of regulations amending Land Transaction Tax (LTT) in Wales took effect on 13 February 2026. The Land Transaction Tax (Modification of Relief for Acquisitions Involving Multiple Dwellings) (Wales) Regulations, SI 2026/40, increase the...
Official statistics show that the UK recorded a £30.4bn budget surplus in January 2026, the largest monthly net cash surplus since records began in 1993. The Office for National Statistics’ provisional estimates show the surplus was £15.9bn higher...
The ATT reports that HMRC has expanded the application process for MTD exemptions to include temporary exemptions for a range of taxpayers including non-resident entertainers or sportspeople, ministers of religion, non-residents more generally, those...
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....
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...
