Europe

On 8 October 2026, HM Revenue & Customs (HMRC) published the latest appointment letters for Senior Responsible Owners (SROs) overseeing projects within the Government Major Projects Portfolio (GMPP) and Departmental Major Projects (DMP). This disclosure aligns with the UK government’s transparency commitments for high-value public sector initiatives, ensuring accountability for major tax administration transformation programmes.

On 8 October 2026, KPMG UK published its detailed tax predictions for the upcoming Autumn Budget scheduled for 28 October 2026. The analysis, authored by Sharon Baynham, Director of Tax Policy, suggests the Government aims to avoid a third consecutive tax-raising budget, opting instead for a low-key announcement with an upbeat tone. The predictions highlight

On 8 October 2026, the independent review panel for the UK Banks’ Tax Code of Conduct published its annual report confirming zero breaches across all signatory institutions for the fiscal year ending 31 March 2026. The voluntary code, adopted by major UK banks including HSBC, Barclays, Lloyds, and NatWest, commits signatories to responsible tax planning,

As of 8 October 2026, HMRC has updated its internal manual on Mandatory Tax Adviser Registration, reflecting the latest legislative requirements for tax advisers operating in the UK. The guidance details the registration process, eligibility criteria, ongoing compliance obligations, and penalties for non-compliance. This update is crucial for tax advisory firms, accountants, and legal professionals

As part of the 8 October 2026 Tax Matters Digest, KPMG released a special ‘Insight in 15’ podcast episode featuring Tim Sarson, Head of Tax Policy at KPMG UK. The podcast offers a concise, 15-minute overview of the firm’s Autumn Budget 2026 predictions, complementing the written analysis. Sarson discusses the expected low-key nature of the

On 8 October 2026, the UK Government formally accepted all recommendations from the Public Accounts Committee’s (PAC) report “Large Business Tax Compliance: Closing the Gap,” published June 2026. The PAC criticized HMRC’s Large Business Directorate for inconsistent risk assessment, insufficient specialist resources, and delayed dispute resolution. Accepted measures include: mandatory specialist teams for sector-specific risks