Europe

United Kingdom: CIOT Calls for Legislative Fix on Pre-Development Cost Deductions

On 24 September 2026, the Chartered Institute of Taxation (CIOT) submitted a formal representation to HM Treasury urging primary legislation to allow tax deduction for pre-development costs incurred on projects that do not proceed to construction. Under current rules (ITTOIA 2005 / CTA 2009), expenditure on feasibility studies, design, and planning applications is only deductible

United Kingdom: CIOT Calls for Legislative Fix on Pre-Development Cost Deductions Read More »

Romania: Romania Direct Tax: EC Proposals Require Corporate Response Strategy

On 24 September 2026, PwC Romania published an analysis of the European Commission’s latest proposals on direct taxation, highlighting key changes that could significantly impact corporate tax frameworks in Romania. The proposals include measures on debt-equity bias reduction, digital taxation, and anti-avoidance rules. Romanian companies must evaluate the potential impact on their effective tax rates,

Romania: Romania Direct Tax: EC Proposals Require Corporate Response Strategy Read More »

Andorra: Andorra Parish Leaders Criticize Minister Over Housing Tax Breaks

On 24 September 2026, leaders of Andorra la Vella and Sant Julià de Lòria parishes publicly criticized the Housing Minister for presenting a draft bill offering tax breaks to property developers without prior consultation, despite previous commitments to involve parish councils. The bill proposes significant tax incentives to stimulate affordable rental housing construction. While parish

Andorra: Andorra Parish Leaders Criticize Minister Over Housing Tax Breaks Read More »

Spain: Spain Disburses Sept 2026 State Tax Share Advances to Local Entities

On 24 September 2026, the Ministry of Finance executed the September 2026 advance payment of state tax participation shares to local entities, as authorized by Royal Decree-Law 13/2026. This monthly disbursement represents a portion of the estimated annual share of national taxes (VAT, Personal Income Tax, Corporate Tax) allocated to municipalities and provinces under the

Spain: Spain Disburses Sept 2026 State Tax Share Advances to Local Entities Read More »

United Kingdom: Construction Industry Scheme Compliance: New HMRC Focus Areas

HM Revenue & Customs (HMRC) launched a new Construction Industry Scheme (CIS) compliance programme on 24 September 2026, targeting three high-risk areas: false self-employment classification, verification procedure failures, and gross payment status abuse. The programme deploys 120 additional compliance officers across 12 regional hubs, utilizing data analytics from the Real Time Information (RTI) payroll system,

United Kingdom: Construction Industry Scheme Compliance: New HMRC Focus Areas Read More »

Italy: Italy Telefisco 2026 Event on Sept 24 Features Top Tax Officials

On 24 September 2026, the highly anticipated Telefisco special event, organized by Il Sole 24 Ore in partnership with the National Council of Chartered Accountants (CNDCEC), will take place from 9:00 to 13:00. The event convenes the most senior figures in Italian tax policy and administration, including Deputy Minister of Economy and Finance Maurizio Leo,

Italy: Italy Telefisco 2026 Event on Sept 24 Features Top Tax Officials Read More »

Andorra: Andorra Parish Councils Back Housing Bill but Demand Tax Coordination

On 24 September 2026, Andorra’s parish councils collectively endorsed a new bill aimed at boosting private investment in affordable rental housing, signaling broad political support for the initiative. However, they attached a critical condition: the implementation of tax and fee reductions for developers must be accompanied by a formal coordination framework with the central government.

Andorra: Andorra Parish Councils Back Housing Bill but Demand Tax Coordination Read More »

United Kingdom: Tax Receipts Rise but Borrowing Exceeds OBR Forecast Pre-Budget

Official public finance statistics released by the Office for National Statistics (ONS) on 24 September 2026 show that central government tax receipts rose 4.2% year-on-year to £682 billion in the first five months of 2026/27, driven by strong VAT and Corporation Tax performance. However, public sector net borrowing (PSNB) reached £78.4 billion, exceeding the Office

United Kingdom: Tax Receipts Rise but Borrowing Exceeds OBR Forecast Pre-Budget Read More »

Poland: Poland Tax Authority Announces COI System Maintenance Window

On 24 September 2026, the Polish Ministry of Finance’s official tax portal (podatki.gov.pl) published a technical communication regarding a planned maintenance window for the Central IT Center (COI) systems. The Central IT Center operates the core information technology infrastructure supporting Poland’s National Revenue Administration (KAS), including the e-Urząd Skarbowy (e-Tax Office) platform, JPK (Unified Control

Poland: Poland Tax Authority Announces COI System Maintenance Window Read More »

Poland: Poland Tax Administration Reform Signed: Changes to Tax Offices Coming

On 24 September 2026, the President of Poland signed the amendment to the Tax Administration Act, approving a restructuring of tax offices (Urząd Skarbowy). The reform consolidates smaller offices, introduces specialized units for large taxpayers and cross-border cases, and mandates enhanced digital services. The changes take effect 1 January 2027, aiming to improve efficiency and

Poland: Poland Tax Administration Reform Signed: Changes to Tax Offices Coming Read More »