United Kingdom

On 29 October 2026, the Chartered Institute of Taxation (CIOT) welcomed a legislative amendment to the inheritance tax (IHT) treatment of pension assets that previously created a technical barrier to claiming the reduced 36% IHT rate (applicable when 10% or more of the net estate is left to charity). The change, included in the Finance

On 29 October 2026, HMRC launched an external engagement exercise on Personal Tax Offshore Anti-Avoidance, publishing a consultation paper seeking stakeholder views on proposed measures to strengthen the UK’s offshore tax compliance framework. The engagement focuses on enhancing disclosure requirements for offshore structures, expanding the scope of the Requirement to Correct (RTC) regime, and introducing

On 29 October 2026, EY hosted a live webcast providing expert commentary on the United Kingdom’s Autumn Budget 2026, delivered by the Chancellor of the Exchequer. The session addressed the critical fiscal headroom constraints, proposed tax policy reforms, and macroeconomic projections including gilt yield trajectories and the impact of ongoing geopolitical tensions in the Middle

On 29 October 2026, EY UK delivered a dedicated webcast examining HMRC’s newly published roadmap for mandatory business-to-business (B2B) e-invoicing, set to take effect from April 2029. The roadmap follows the government’s 2025 consultation on modernizing VAT reporting and mirrors similar mandates across the EU under the ViDA initiative. HMRC confirmed a phased adoption approach,

As part of the Autumn Budget 2026 announced on 28 October 2026, the government confirmed a major reform to Income Tax Self Assessment (ITSA) collection. From April 2029, ITSA taxpayers will be required to make automated in-year tax payments, such as through direct debit mandates, replacing the current twice-yearly payment on account system. Eligible taxpayers

The Autumn Budget 2026, delivered on 28 October 2026, introduced a new pension tax allowance for individuals above state pension age, effective from the 2027/28 tax year. This allowance will be available in addition to the existing personal allowance, increasing the amount of income low-income pensioners can receive tax-free. The measure targets pensioners with total

In the Autumn Budget 2026 announced on 28 October 2026, the Chancellor unveiled a significant business rates package combining targeted relief with fiscal devolution. A 20% reduction in business rates liabilities will apply in England for pubs, music venues, and social clubs from April 2027, supporting the hospitality and cultural sectors. Additionally, more generous reliefs

The Autumn Budget 2026, presented on 28 October 2026, delivered mixed news for entrepreneurs regarding Capital Gains Tax (CGT). A new Founders’ Relief has been created to incentivise innovation, offering a reduced CGT rate on qualifying gains from the disposal of shares in innovative companies founded by the taxpayer. However, this is counterbalanced by a

As part of the Autumn Budget 2026 announcements on 28 October 2026, the government confirmed a penalty soft landing for taxpayers joining Making Tax Digital (MTD) for Income Tax from April 2027. These taxpayers will not receive penalty points for late submission of quarterly updates during the 2027/28 tax year, providing a 12-month grace period

The Autumn Budget 2026, delivered on 28 October 2026, included a suite of nine VAT measures affecting a broad range of businesses. Key announcements include: mandatory e-invoicing for B2B transactions aligned with EU ViDA proposals; new VAT obligations for online marketplaces facilitating third-party sales; a reduced VAT rate for social housing construction; clarification of VAT