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Poland: Poland PIT Reform Bill Advances: Sejm Committee Approves Core Restructuring

Poland /

On 22 October 2026, the Sejm Public Finance Committee approved the government’s flagship PIT restructuring bill, sending it to plenary for second reading. The bill consolidates three threshold changes: raising the second threshold to PLN 150,000, lowering the top marginal rate from 32% to 30%, and introducing automatic indexation from 2028. The committee rejected opposition

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Poland：Poland VAT: Cancelling Invoice Before KSeF Submission Does Not Constitute Empty Invoice Offense

Poland /

On 22 October 2026, a tax analysis addressed whether cancelling a sales invoice prepared in an accounting system but not yet sent to the buyer or entered into KSeF constitutes a “pusta faktura” (empty invoice) offense under the VAT Act. The conclusion: if the invoice never left the taxpayer’s system and was not communicated to

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Spain: EU Advocate General Backs Energy Windfall Tax Legitimacy

Spain /

On 22 October 2026, Advocate General Juliane Kokott of the Court of Justice of the European Union (CJEU) issued an opinion supporting the legality of the EU’s temporary solidarity contribution on excess profits of fossil fuel companies (Regulation 2022/1854). The opinion, in Case C-123/25 (Repsol v. Council), concludes the measure complies with EU competence limits

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United Kingdom：UK IHT Charitable Trust Exemption Clarification Sought

United Kingdom /

As of 22 October 2026, the Chartered Institute of Taxation (CIOT) has requested HMRC clarification on the inheritance tax (IHT) exemption for charitable trusts following recent tribunal decisions. The issue concerns whether trusts with mixed charitable and non-charitable purposes qualify for the full exemption under section 105 of the Inheritance Tax Act 1984. Uncertainty affects

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Ireland：Ireland Launches Digital Assets Industry Group for Tax Regulation

Ireland /

On 22 October 2026, Minister of State Robert Troy launched a public call for expressions of interest to establish the Digital Assets Industry Group, a new expert advisory body tasked with shaping Ireland’s regulatory and tax approach to crypto-assets, stablecoins, and distributed ledger technology. The Group will operate under the aegis of the Department of

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United Kingdom: UK Tax Brief: ScottishPower, ICAEW Commission, Employment Rights

United Kingdom /

The 22 October 2026 ‘Other News in Brief’ section of KPMG’s Tax Matters Digest covers three significant UK tax and regulatory developments. First, the Supreme Court delivered its judgment in the ScottishPower case, ruling on the corporation tax deductibility of customer redress payments made following regulatory enforcement actions. Second, the Institute of Chartered Accountants in

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United Kingdom：UK Welsh Tax Bill Proposes Repayment Powers and LTT Changes

United Kingdom /

On 22 October 2026, the Welsh Government introduced the Welsh Tax Bill, which grants Revenue Wales new powers to repay overpaid devolved taxes (Land Transaction Tax and Landfill Disposals Tax) directly without Treasury consent. The Bill also proposes amendments to Land Transaction Tax (LTT) rates for additional residential properties and introduces a new relief for

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Greenland: Greenland Releases 2027 Preliminary Tax Scheme with Updated Design

Greenland /

On 22 October 2026, the Greenland Tax Agency (Skattestyrelsen) announced the final release of the preliminary tax scheme (forskudsskema) for the 2027 income year. Following a slight delay, the scheme is now accessible with a completely refreshed and updated design aimed at improving user experience and clarity for taxpayers. The preliminary tax scheme is a

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Ireland: Ireland VAT Modernisation: Digital Compliance Overhaul Announced

Ireland /

On 22 October 2026, the Irish Revenue Commissioners published a press release announcing the next phase of VAT Modernisation, a strategic initiative to digitise and streamline Value-Added Tax compliance for businesses operating in Ireland. The programme aligns with the EU’s VAT in the Digital Age (ViDA) proposals and introduces real-time reporting requirements, enhanced e-invoicing mandates,

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Latvia: Latvian Finance Minister Rules Out New Taxes Amid Budget Talks

Latvia /

On 22 October 2026, Latvia’s Finance Minister publicly committed to a fiscal stance of “no new taxes, no new spending” during ongoing budget negotiations. This pledge aims to provide certainty to taxpayers and businesses while the government finalizes the 2027 state budget. The commitment comes amid pressure to address fiscal deficits without increasing the tax

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