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Displaying 1-10 of 70 results
Foreign branch exemption regime to be made mandatory
- Article
- 26 May 2026
The government is taking action to prevent UK-resident companies with foreign permanent establishments (PE) from offsetting losses made by the PE against profits subject to UK corporation tax (CT).
Tax news in brief 26 May 2026
- Article
- 26 May 2026
Highlights from the broader tax news for the week ending 26 May 2026, including the introduction of an income tax exemption for kinship allowances.
VAT rate reduced for families over the summer holidays
- Article
- 26 May 2026
The rate of VAT on children’s meals and certain activities and attractions will be reduced from 20% to 5% between 25 June and 1 September 2026. Although this may be welcomed by families, it could pose significant implementation challenges for businesses.
New targeted advance assurance service for R&D launched
- Article
- 26 May 2026
From 18 May 2026, small or medium-sized enterprises (SMEs) can apply to HMRC for advance assurance on specific, complex or high-risk areas before making a claim for research and development (R&D) tax relief.
Approved mileage rate increased for first time in 15 years
- Article
- 22 May 2026
The headline authorised mileage rate for approved mileage allowance payments (AMAPs) has increased to 55p per business mile from 6 April 2026. This is part of a government package of measures intended to address rising fuel prices.
HMRC warns taxpayers against using Bills of Exchange
- Article
- 22 May 2026
HMRC does not accept Bills of Exchange as payment of tax liabilities. Taxpayers who enter into arrangements that attempt to use Bills of Exchange in this way could face additional interest and penalties.
Give your views on the single trade window
- Article
- 21 May 2026
Stakeholders have until 3 June 2026 to provide feedback to help inform the next stage of HMRC’s work on the development of the UK’s single trade window.
HMRC reminds businesses to register for VAT
- Article
- 21 May 2026
Businesses that receive a letter from HMRC telling them they need to register for VAT should check their position carefully and register without delay if necessary.
Advance tax certainty service: express an interest from 1 June 2026
- Article
- 19 May 2026
From 1 June 2026, large businesses undertaking major investment projects can contact HMRC to express an interest in using the new advance tax certainty service ahead of its launch on 1 July 2026.
Tax news in brief 19 May 2026
- Article
- 19 May 2026
Highlights from the broader tax news for the week ending 19 May 2026, including an update from HMRC on the VAT treatment of supplying electricity at public electric vehicle charge points.
Displaying 1-10 of 70 results