Europe

On 8 October 2026, HMRC published a series of notices made under The Customs (Import Duty) (EU Exit) Regulations 2018, which have the force of law. These notices amend import duty rates, tariff classifications, and customs procedures for goods entering Great Britain from the EU and third countries. The updates reflect ongoing adjustments to the

In the 8 October 2026 edition of Tax Matters Digest, KPMG analyzes the First-tier Tribunal decision in Scheckter v HMRC, which examined restrictions on loss relief where a trade is not carried on ‘on a commercial basis’. While these rules are traditionally seen as targeting ‘hobby’ activities, the Tribunal identified a significant risk for corporate

On 8 October 2026, the Conservative Party announced a manifesto commitment to introduce a full Inheritance Tax (IHT) exemption for family homes passed to direct descendants, effectively expanding the Residence Nil Rate Band (RNRB) from £175,000 to unlimited value for qualifying residential property. The proposal, estimated to cost £3.2bn annually by 2028-29, would remove IHT

On 8 October 2026, HMRC updated its service availability page for Self Assessment payment plans, flagging ongoing technical issues affecting taxpayers’ ability to set up or manage time-to-pay arrangements online. The Self Assessment payment plan service allows individuals and businesses to spread their tax bill over monthly instalments. The reported issues include intermittent system outages,

The OECD published an updated Model Tax Convention (MTC) and Commentary in late 2026, with the most noteworthy changes addressing the permanent establishment (PE) article concerning ‘fixed place of business’ in the context of remote working. As highlighted in the 8 October 2026 Tax Matters Digest, KPMG conducted a survey across 22 jurisdictions in its