Scope: United States
Status requires verification
IRS launches digitally authenticated Tax Compliance Report
IRS now offers a digitally authenticated Tax Compliance Report accessible via the IRS Individual Online Account. Taxpayers can securely download the report for use when proof of compliance is required (loan applications, governmental programs, etc.). The report includes a digital certificate to confirm authenticity.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Treasury, IRS issue proposed regulations on eligible investments for Trump Accounts under the Working Families Tax Cuts
This proposed regulation clarifies which investments are eligible for "Trump Accounts," a new type of traditional IRA created under the U.S. Working Families Tax Cuts. It provides rules to guide both investors and employers on permissible investment vehicles and compliance requirements.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Other Europe
Status requires verification
Alimony exempt from personal income tax and military levy
In Ukraine, alimony payments received—whether by court order or voluntary agreement, and regardless of whether payer is resident or non-resident—are **exempt** from both personal income tax (PIT) and the military levy. Such payments do not contribute to the taxpayer’s total monthly or annual taxable income. Effective immediately (announcement mid-August 2026). Impact is Low.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 19, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
FAQs updated on limitation on deduction for business interest expense (§ 163(j))
IRS released Fact Sheet FS-2026-14 (IR-2026-94) updating FAQs about the business interest deduction limitation under section 163(j), reflecting amendments from the Tax Cuts and Jobs Act and the One, Big, Beautiful Bill Act. Changes clarify statutory vs operational changes, remove obsolete CARES Act topics, re-designate Q&A topics. Effective as of August 19, 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 19, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Treasury, IRS proposes rules to protect refundable tax credits from abuse by illegal aliens
Proposed regulations (IR-2026-93) under PRWORA to clarify that the refunded portion of certain refundable credits (EITC, Child Tax Credit, American Opportunity Tax Credit, Adoption Credit) are federal public benefits; only U.S. citizens, nationals, or qualified aliens may receive the refunded portion. The non-refundable portions still available to others who qualify to offset tax liability.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 19, 2026
- Verification
- Not recorded
Open cited source
Scope: ASEAN
Status requires verification
Kawal Restrukturisasi BUMN: PMK 1/2026 on Nilai Buku, PMK 44/2026 on Kuasa Wajib Pajak, plus Tax Control Framework for Strategic Compliance
On 19 August 2026, Indonesia’s DJP reinforced several major legislative/regulatory tools to support tax-neutral restructuring of State-Owned Enterprises (BUMNs). Key among them: PMK 1/2026 introduces **Nilai Buku** (non-recognition rule) allowing asset transfers within a group to defer taxation until disposed outside the group (with asset-holding inside group for at least 2 years and meeting business purpose test). PMK 44/2026 updates rules for appointing **Kuasa Wajib Pajak** (tax representatives), recognizing not only tax consultants but family members or other competent persons with technical registration (SKT) and integrating registrant requirements. The Tax Control Framework (TCF) is emphasized as part of cooperative compliance, mapping General Ledger to tax returns, strengthening corporate tax governance. Implicated entities should adapt accounting, documentation, and representation to leverage these facilities.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 19, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Treasury, IRS Propose Rules to Protect Refundable Tax Credits from Abuse by Illegal Aliens
Proposed rules intend to clarify eligibility requirements for refundable tax credits (such as EITC) to exclude individuals not lawfully present or otherwise barred by law from receiving them. Designed to ensure that taxpayer-funded credits are reserved for qualifying U.S. taxpayers under federal law.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 19, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
IRS establishes Office of Conservation Easements and transitions settlement process
IRS has created the Office of Conservation Easements to centralize expertise for valuation, policy, enforcement, and settlement strategy in conservation and historic preservation easement cases. The IRS is ending the uniform settlement-letter initiative (May 13 framework) going forward, though pending letters previously issued will be honored under their original terms.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 19, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Modernising and Mandating Tax Adviser Registration (MMTAR) Phase-1 deadline
Under HMRC’s MMTAR, all new tax advisers, or those without an Agent Services Account or certain Self Assessment or Corporation Tax accounts, must register by 18 August 2026 in order to interact lawfully with HMRC on behalf of clients. The initiative aims to raise adviser standards and formalise registration across advisory services. Phased roll-out continues through to early 2027 for different groups of advisers.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Mandatory Tax Adviser Registration and Sanctions for Unregistered Interactions
From 18 August 2026, UK law enforces sanctions for tax advisers who do not register when required, or who interact with HMRC on behalf of clients without being registered. Registration is being introduced in tranches, each with its own deadline; from that point, failure to register or to meet conditions may lead to penalties. The change strengthens HMRC’s oversight of the tax advice market and raises the minimum standards expected of advisers.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Mandatory Tax Adviser Registration sanctions during the transitional period
From 18 August 2026, tax advisers must meet HMRC’s registration conditions or risk sanctions when interacting with HMRC on behalf of clients. This introduces mandatory registration for advisers under the Finance Act 2026, with tranches of compliance and transition windows.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Tax advisers: one month left to register under new rules
Modernising and Mandating Tax Adviser Registration (MMTAR) requires that paid tax advisers who interact with HMRC on behalf of clients must register under a new digital system. The first phase of registration closes on 18 August 2026 for new advisers or those without an agent services account, Self Assessment or Corporation Tax account. Failure to register may lead to restrictions or sanctions.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Second registration window now open for tax advisers under MMTAR – deadline 18 November 2026
Phase 2 of HMRC’s mandatory registration for tax advisers begins. Advisers with Self Assessment or Corporation Tax accounts but without an Agent Services Account (ASA) must register by 18 November 2026. Failure to register may limit ability to act for clients; sanctions can apply. The change is part of the Modernising and Mandating Tax Adviser Registration (MMTAR) regime under Finance Act 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
MTAR30700 – Sanctions and safeguards: sanctions during the transitional period
From 18 August 2026, sanctions may be imposed on tax advisers who fail to meet HMRC’s registration conditions or interact with HMRC on behalf of clients without being registered, under the Finance Act 2026 (Registration of Tax Advisers) Regulations 2026. The rule is applied in phases (tranches) depending on adviser type and when registration becomes mandatory for that tranche. Earlier interactions (before 18 August) cannot trigger sanctions.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
Modernising and Mandating Tax Adviser Registration (MMTAR): registration deadline for new tax advisers
New rules require eligible tax advisers—particularly those without Agent Services Account or Self Assessment/Corporation Tax accounts—to register under MMTAR by 18 August 2026. Failure may lead to inability to act for clients.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Second registration window now open for tax advisers
HMRC has opened the second phase of **mandatory registration** for tax advisers. Advisers with Self Assessment or Corporation Tax accounts who do not yet have an Agent Services Account (ASA) must register online by **18 November 2026**. Advisers solely providing professional payroll services are phased next, and financial services organisations later, signalling tighter regulation of adviser representation for clients.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Tax advisers: one month left to register under new rules (MMTAR)
Modernising and Mandating Tax Adviser Registration (MMTAR) requires tax advisers who interact with HMRC without an Agent Services Account (ASA), Self Assessment or Corporation Tax account to register by 18 August 2026. The requirement is being introduced in phases up to February-March 2027 for all categories of tax advisers. ([gov.uk](https://www.gov.uk/government/news/tax-advisers-one-month-left-to-register-under-new-rules?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Sanctions for Unregistered Tax Advisers underMandatory Tax Adviser Registration Regulations
From 18 August 2026, HMRC may apply sanctions to tax advisers who do not meet required registration conditions or interact with HMRC on behalf of clients without being registered. The Finance Act 2026 (Registration of Tax Advisers) (Appointed Days and Transitional Provision) Regulations 2026 introduce this obligation in tranches, and specify how and when sanctions apply depending on when the adviser’s registration must be in force. This enhances HMRC’s oversight and enforces a professional registration scheme.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Modernising and Mandating Tax Adviser Registration (MMTAR) deadline
HMRC requires tax advisers acting on behalf of clients (especially interacting with HMRC via agent services, self-assessment or corporation tax accounts) to register under the new MM TAR rules by **18 August 2026**. This streamlines digital registration, replaces several older processes, and failure to register could restrict an adviser’s ability to represent clients or lead to sanctions. Free to apply. The change increases transparency and raises standards in tax advice provision.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Tax advisers must register under the new Modernising and Mandating Tax Adviser Registration (MMTAR) scheme by 18 August 2026
From 18 May 2026, tax advisers are required to register under the new MMTAR scheme when interacting with HMRC via Agent Services Account, Self Assessment or Corporation Tax. The first phase closes on 18 August 2026 for new advisers or those without an ASA. Further phases follow over coming months. The scheme is designed to raise standards and protect taxpayers by ensuring adviser accreditation and compliance.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Aug 18, 2026
- Verification
- Not recorded
Open cited source