The UK government has introduced the Side-by-Side package alongside modifications to the existing Multinational Top-up Tax and Domestic Top-up Tax frameworks. These measures form part of the UK’s alignment with international tax policy developments. The changes affect how businesses calculate and report tax obligations under these regimes.
Source: HMRC (GOV.UK) – Read the original
The government has reformed how foreign permanent establishments are taxed under Corporation Tax by converting the optional exemption regime into a mandatory requirement. Previously, businesses could choose whether to apply the exemption to profits and losses from overseas permanent establishments, but this flexibility has now been removed. The change streamlines the tax treatment of foreign permanent establishments and affects all UK companies with overseas operations falling within this classification.
Source: HMRC (GOV.UK) – Read the original
HMRC has amended the Lifetime ISA withdrawal charge policy to allow first-time property buyers to access their savings without the standard penalty when purchasing a home above the standard property price threshold. The change applies to qualifying first-time buyers who would otherwise face charges when withdrawing funds for property purchases that exceed the set price cap. This policy adjustment aims to make homeownership more accessible for first-time buyers in higher-priced property markets while maintaining the Lifetime ISA scheme’s core objectives.
Source: HMRC (GOV.UK) – Read the original
HM Revenue and Customs has confirmed that businesses and public bodies will be required to submit VAT invoices electronically from April 2029. The new e-invoicing mandate will standardise invoice submission formats across the UK tax system. This policy paper outlines the regulatory framework and transitional arrangements for the mandatory shift from paper-based to digital invoice processing. The requirement will apply to all VAT-registered entities conducting both B2B and B2C transactions.
Source: HMRC (GOV.UK) – Read the original
The Victims and Prisoners Act 2024 (Commencement No. 12 and Transitional Provision) Regulations 2026 bring section 18 of the Victims and Prisoners Act 2024 into force. This represents the twelfth set of commencement regulations issued to implement provisions of the 2024 Act. The regulations establish when section 18 becomes effective and set out any transitional arrangements necessary for its implementation.
Source: legislation.gov.uk – Read the original
The UK government has issued a revised Code of Practice governing access and unfair practices during trade union recognition and derecognition processes, which will become law on 30 October 2026. This new code replaces the previous version that has been in place since October 2005, updating guidance on how unions and employers must conduct themselves during these formal procedures. The Order includes transitional provisions to manage the shift from the old code to the new requirements.
Source: legislation.gov.uk – Read the original
HMRC has published official accredited statistics tracking the volume and value of property transactions completed across the UK on a monthly basis, covering deals valued at £40,000 and above. This statistical series provides regular data on completed property sales within this threshold, offering insights into transaction activity across the UK property market. The figures are compiled and released as part of HMRC’s official statistics programme to support analysis of property market trends and transaction patterns.
Source: HMRC (GOV.UK) – Read the original
HMRC guidance on VAT Notice 709/3 sets out the circumstances under which businesses supplying holiday accommodation, caravans, and camping facilities must charge VAT on their services. The notice covers the applicable VAT treatment for different types of short-term accommodation providers and explains when the tax is due on bookings and payments. This applies to all accommodation businesses including hotels, guest houses, self-catering properties, caravan sites, and camping grounds operating in the UK.
Source: HMRC (GOV.UK) – Read the original
HMRC has published the FAC-01 template for businesses that have received a statutory notice requiring them to report fees and commissions information. The template serves as the formal return format that must be used when submitting this data to HMRC in response to such notices. This guidance applies to any organisation subject to an FAC-01 statutory notice from HMRC.
Source: HMRC (GOV.UK) – Read the original
HMRC has published updated Tax-Free Childcare statistics for September 2026, detailing the number of families and children with active and utilised accounts alongside government top-up expenditure. The data includes breakdowns by region and account usage patterns, with specific metrics on accounts for disabled children categorised by age. This regular statistical release provides visibility on scheme participation and spending across the UK.
Source: HMRC (GOV.UK) – Read the original