Scope: United Kingdom
Status requires verification
Rewards for informants of high-value tax fraud and enhanced penalties for non-compliance
A strengthened scheme offers rewards up to 30% of tax recovered in cases where over £1.5 million in tax is collected following whistleblower information. Also enhanced HMRC powers and tougher sanctions for promoters and advisers facilitating tax avoidance now form part of compliance strategy.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 26, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
New Rewards Scheme for Informants of High-Value Tax Fraud
Effective from 26 November 2025, HMRC will pay rewards (up to 30%) to informants who provide information leading to additional tax recovered over £1.5 million. Targets large scale non-compliance including avoidance and offshore evasion. Designed to incentivise whistleblowers and strengthen enforcement efforts.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 26, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Inheritance tax anti-avoidance measures for non-long-term UK residents and trusts
Changes to IHT to ensure long-term UK residents pay appropriately; includes look-through of non-UK companies holding UK agricultural property, exit charges when settlor ceases long-term residence, and restriction of charity exemptions to trusts meeting UK jurisdiction/regulation, effective from 26 November 2025 and 6 April 2026 for different parts.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 26, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Non-resident capital gains
This policy clarifies and reforms rules for non-UK residents disposing of UK land or property. Key changes include amending the ‘property rich’ test for Protected Cell Companies to assess individual cells rather than the entity as a whole. Some changes apply immediately (from 26 November 2025) and others take effect from 1 April 2026 for companies, and 6 April 2026 for individuals. These changes aim to close technical loopholes and simplify treaty claims. ([gov.uk](https://www.gov.uk/government/publications/capital-gains-tax-non-resident-capital-gains/non-resident-capital-gains?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 26, 2025
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Revenue Procedure 2025-31: Safe harbor for certain trusts that stake digital assets while preserving investment trust and grantor trust status
Revenue Procedure 2025-31 provides a safe harbor allowing trusts qualifying both as investment trusts and grantor trusts to stake digital assets without jeopardizing their tax classification, and offers a limited timeframe for existing trusts to amend governing instruments to comply with requirements.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 24, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
The Income Tax (Pay As You Earn) (Amendment No. 2) Regulations 2025
These Regulations update the PAYE Regulations 2003 by amending definitions: replacing references to the Board of Inland Revenue with HMRC, and changing wording in regulation 198(1) concerning unauthorised electronic communication. They are not substantive policy changes but formal tidy-ups. Enacted by UK government, laid 3 November 2025, coming into force 24 November 2025. Impact is low since changes are technical and do not alter tax liabilities.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 24, 2025
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Guidance for individuals who received tips or overtime during tax year 2025 under the One, Big, Beautiful Bill
IRS released Notice 2025-69 clarifying how workers can claim deductions for qualified tips and overtime compensation for tax year 2025 without relying on changed information returns or payroll forms. Provides transition relief and practical examples of calculating deductions. Helps tipped workers and those working overtime navigate new deduction rules under OBBB.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 21, 2025
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025
Guidance clarifies eligibility and reporting requirements for the deductions of cash tips and qualified overtime compensation for 2025 under the One Big Beautiful Bill, allowing taxpayers to reduce taxable income for tips and mandated overtime pay, and informing payors of the new information reporting and penalty relief provisions.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 21, 2025
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Treasury, IRS issue guidance on tax benefit for lenders on loans secured by farm or rural property under the One, Big, Beautiful Bill
Interim guidance under Notice 2025-71 defining who qualifies under IRC § 139L for lenders to exclude 25% of interest income from loans secured by rural or agricultural real property. Establishes definitions of rural/agricultural property, standards for loan security and refinancings. Effective immediately upon guidance publication, pending future proposed regulations. Offers tax savings for eligible lenders in rural/agricultural finance.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 20, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
The Post Office Capture Redress Scheme (Tax Exemptions and Relief) Regulations 2025
Provides for exemptions from income tax, capital gains tax and corporation tax, and relief from inheritance tax for payments under the Post Office Capture Redress Scheme; also applies to nominated individuals, with effect from 27 October 2025 for payments/disposals, and from 20 November 2025 coming into force.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 20, 2025
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Tax benefit for lenders on loans secured by rural or agricultural real property
OBBB added section 139L allowing lenders to exclude 25% of interest income from loans secured by rural or agricultural real property; interim guidance defines qualifying property and refinancings. Significant benefit for lenders serving rural/agricultural sectors.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 20, 2025
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Treasury, IRS issue guidance on tax benefit for lenders on loans secured by farm or rural property under the One, Big, Beautiful Bill
The Treasury and IRS issued interim guidance (Notice 2025-71) under section 139L of the One, Big, Beautiful Bill allowing certain lenders to exclude **25% of interest income** from loans secured by rural or agricultural real property from gross income. The notice defines key terms, including what qualifies as rural or agricultural property, and rules for refinancing. Comments requested; guidance is interim until proposed regulations published.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 20, 2025
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Notice 2025-65: Indexing factors for qualifying payment amount under the No Surprises Act
Notice 2025-65 provides the indexing factors to be used by group health plans and health insurance issuers to calculate the Qualifying Payment Amount (QPA) for items or services provided on or after January 1, 2026 through December 31, 2026, affecting cost-sharing protections under the No Surprises Act.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 17, 2025
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Government announces 2024-25 rates for final payments under the Canada Carbon Rebate for Small Businesses
Canada’s Department of Finance specified per-employee payment rates for each province for the final 2024-25 CCRSB payments, effective following the removal of the federal fuel-charge. Eligible SMEs (≤499 employees, filed 2024 return by July 15, 2025) will receive refunds automatically before end of 2025; this is the final year for the CCRSB as federal fuel charges are no longer collected. Provinces like Saskatchewan ($153) and Alberta ($120) offer different rates per employee. Impact high for small businesses historically receiving the rebate.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 14, 2025
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
IRS announces tax year 2026 annual inflation adjustments, including increased limits for 401(k) and IRA contributions
Revenue Procedure 2025-32 sets out new **inflation-adjusted tax provision limits** for tax year 2026: notably increasing the 401(k) contribution limit to **$24,500**, and the IRA limit to **$7,500**, among others. These adjustments affect many deduction and threshold provisions.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 13, 2025
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Introduction of New Tax Incentives for Sustainable Businesses
New tax incentives aimed at encouraging businesses to adopt sustainable practices have been introduced, including deductions for eco-friendly investments.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 10, 2025
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
IRS Safe Harbor for Trusts Staking Digital Assets Under the One, Big, Beautiful Bill
Revenue Procedure 2025-31 creates a safe harbor under which trusts qualifying as investment trusts under § 301.7701-4(c) and as grantor trusts may stake digital assets (on proof-of-stake networks) without losing trust classification. Sets single-asset, custodial, disclosure, activity, and distribution rules plus a nine-month amendment window starting November 10, 2025. Applies pending compliance with all requirements.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 10, 2025
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Revenue Procedure 2025-31: Safe Harbor for Trusts Staking Digital Assets
This procedure outlines a safe harbor that allows trusts which qualify as investment trusts under § 301.7701-4(c) and grantor trusts to stake digital assets—specifically assets on proof-of-stake permissionless networks—without losing trust classification. Trusts may also amend governing documents within a nine-month window beginning November 10, 2025 without losing their status. Requires compliance with custody, liquidity, disclosure, and SEC rules. Effective for tax years ending on or after November 10, 2025.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 10, 2025
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Rev. Proc. 2025-31: Safe Harbor for Trusts Staking Digital Assets
Revenue Procedure 2025-31 establishes a safe harbor permitting certain trusts to stake digital assets on proof-of-stake permissionless networks and still qualify as investment trusts under § 301.7701-4(c) and as grantor trusts, provided requirements are met (public trading, custody, liquidity, distributions, etc.). Existing trusts may amend governing instruments within nine months after November 10, 2025 to avail this safe harbor.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 10, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Updates to Capital Gains Tax on Property Sales
Recent updates to Capital Gains Tax regulations affect how profits from property sales are calculated, particularly concerning primary residences.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Nov 10, 2025
- Verification
- Not recorded
Open cited source