Scope: United Kingdom
Status requires verification
Income Tax — Changes to Tax rates for Property, Savings and Dividend Income
From the 2027-28 tax year, new higher rates will apply to property, savings and dividend incomes: property basic rate 22%, higher 42%, additional 47%; savings basic/higher/additional mirrored similarly; and dividend rates amended (ordinary rate 10.75%, upper 35.75%, additional rate remaining at 39.35%). A change also orders reliefs so that general allowances apply after non-employment income. These increase taxation on income from assets, narrowing the gap between income tax on work and assets. ([gov.uk](https://www.gov.uk/government/publications/income-tax-changes-to-tax-rates-for-property-savings-and-dividend-income/income-tax-changes-to-tax-rates-for-property-savings-and-dividend-income?utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Mandatory payrolling of benefits in kind and expenses (UK)
HMRC is set to make the payrolling of most benefits in kind mandatory from the 2027-28 tax year. Currently voluntary, this change means employers will automatically payroll most BiKs including loans and living accommodation as part of PAYE. Employers are encouraged to review interim guidance. This policy shifts compliance burden and improves accuracy of tax withholding. It becomes effective 6 April 2027. The policy was announced in HMRC’s February 2026 Employer Bulletin.([gov.uk](https://www.gov.uk/government/publications/employer-bulletin-february-2026/february-2026-issue-of-the-employer-bulletin?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Capital Gains Tax relief on gifts of business assets
From 6 April 2027, assets qualifying under the Substantial Shareholding Exemption (SSE) and Intangible Fixed Assets (IFA) regimes will be included when calculating the restriction formula for gift hold-over relief. This restores the pre-SSE/IFA treatment to reduce distortions in relief for gifts of business assets.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
UK Government Tax Update 2026: Simplification, Modernisation and Fairness
Announced 23 June 2026, this package introduces multiple tax policy measures in the UK: e-invoicing under Peppol network by 2029; review of Benchmark Scale Rates (BSR) and Overseas Scale Rates (OSR); consultation on zero-rate VAT for land used for social housing; proposals to reform tax treatment of reverse hybrids including US LLCs; consultations to modernise distributions framework and publish reforms enhancing transparency and enforcement.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: Global (UK)
Proposed
Capital Gains Tax relief on gifts of business assets
Her Majesty’s Revenue & Customs in the UK has published draft legislation reforming Gift Hold-Over Relief for gifts of business assets. Assets qualifying under the Substantial Shareholding Exemption or Intangible Fixed Assets regimes will be included in the formula which restricts relief, starting for disposals made on or after 6 April 2027. This restores how the restriction formula worked before these regimes created distortions.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
Published draft legislation for Finance Bill 2026-27 includes changes to reporting of benefits in kind from April 2027
Draft clauses for the Finance Bill 2026-27 were published on 13 July 2026 and include proposed changes requiring enhanced reporting of benefits in kind (BIKs) from 6 April 2027. These changes aim to update current rules and strengthen transparency and compliance in benefit reporting. ([gov.uk](https://www.gov.uk/government/collections/finance-bill-2026-27-draft-legislation-and-technical-tax-documents?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Capital Gains Tax relief on gifts of business assets
The UK’s HMRC published draft legislation to amend CGT hold-over relief on gifts of business assets for disposals made on or after 6 April 2027. The changes clarify that assets previously exempt under the Substantial Shareholding Exemption or Intangible Fixed Assets regime will now be included in calculating reductions in hold-over relief when non-trading assets are present, affecting individuals gifting shares for succession or to family members.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Income Tax calculation rules: reliefs and allowances deductible first against non-savings, dividend and property income
From 6 April 2027, UK legislation will require that certain income tax reliefs and allowances (steps 2 and 3 reliefs) must be applied first against non-savings, dividend, and property income. This change affects how total taxable income is assessed and may disadvantage those with higher non-savings or property income if reliefs are limited.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
UK CGT Relief Reforms: Gifts of Business Assets Hold-over Relief Changes
UK policy reforms will amend how gifts of business assets are treated under Capital Gains Tax. Specifically, assets within the Substantial Shareholding Exemption (SSE) or Intangible Fixed Assets (IFA) regimes will now be treated as chargeable assets in the hold-over relief restriction formula, where non-trading assets are present. The changes aim to remove distortions and apply more consistent tax treatment. This takes effect for disposals made on or after 6 April 2027.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Capital Gains Tax relief for gifts of business assets
A reform so that certain assets currently excluded under the Substantial Shareholding Exemption (SSE) or Intangible Fixed Assets (IFA) regimes will be treated as ‘chargeable assets’ when calculating gift hold-over relief; reduces distortion and restores more generous hold-over relief from 6 April 2027 for individuals gifting shares or securities in trading companies with mixed assets. The change improves fairness in business succession and family gifting.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2027
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
Extension of Uncertain Tax Treatment (UTT) regime consultation
HMRC is consulting on changes to extend the Uncertain Tax Treatment regime to include individual taxpayers and trusts, covering more taxes and introducing a new trigger for when credible legal uncertainty exists. Legislation to apply from the next available Finance Bill, affecting returns filed after 1 April the following year.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Council tax shake-up to protect the most vulnerable households
Announced 15 April 2026: UK reform of council tax administration to give vulnerable households more time and better support. From the next year, after missing one month’s council tax payment, households will have **63 days (about two months)** to settle the outstanding amount before escalation. Councils must also work with individuals on **sustainable repayment plans**. These reforms aim to reduce hardship for those at risk from punitive escalation under the older system.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Japan
Status requires verification
Basic Policy Decision on Introducing 給付付き税額控除 (Benefit-Attached Tax Credit) for Working Individuals
The Japanese Cabinet has decided to introduce a new **給付付き税額控除** system, offering income-linked tax credits for middle- and low-income workers, to increase take-home pay, reduce work disincentives, and provide relief from inflation. The scheme will take full effect in FY 2029; as a transitional measure, from April 1, 2027 for two years, there will be reduced consumption tax on food and beverages and early income-linked grants to approximate zero tax burden on those goods. The policy responds to concerns over the income “wall” and fairness of tax burden under rising costs.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2027
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Budget 2025: Changes to property, savings and dividend tax rates; High Value Council Tax Surcharge
Budget 2025 introduces higher tax rates on property income, savings, and dividends from April 2026-2027, plus a new High-Value Council Tax Surcharge on residential properties worth £2 million or more from April 2028. Also includes income tax threshold freezes, and increased rates through fiscal drag. These measures affect investors, landlords, and high-net-worth individuals substantially.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
The CRA is making tax filing easier (pre-filled returns for eligible individuals)
Starting March 2027, CRA will invite approximately 1 million eligible individuals—selected based on low income or simple tax situations—to use pre-filled tax returns; by 2029, 5.5 million people will receive invitations to use this service for their 2028 taxes. Should expedite filing, reduce filing errors, and improve access to tax credits without manual data entry.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
The CRA Is Making Tax Filing Easier
Starting in **March 2027**, approximately **1 million eligible individuals** will be invited to use a **pre-filled return** service in their CRA account for their 2026 tax return; by **2029**, up to **5.5 million** people will be covered. Eligibility includes low income, simple tax situations, a CRA account, and having electronic correspondence selected. ([canada.ca](https://www.canada.ca/en/revenue-agency/campaigns/easier-tax-filing.html?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Middle East
Status requires verification
ZATCA Criteria for Wave 25 Integration Phase of E-Invoicing: SAR 187,500 Revenue Threshold; Deadline 1 February 2027
Saudi Arabia’s ZATCA has set criteria for Wave 25 of the Integration Phase in the e-invoicing regime: all taxpayers whose revenues subject to VAT exceeded SAR 187,500 in any of 2022-2025 must integrate with Fatoora by 1 February 2027. This imposes technical, process and compliance steps for many businesses, including implementing required formats and data fields under Phase Two regulations.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Middle East
Status requires verification
زاتكا تُحدّد معيار المنشآت المستهدفة للربط والتكامل من الفوترة الإلكترونية (المجموعة الخامسة والعشرون)
هيئة الزكاة والضريبة والجمارك (السعودية) أعلنت أن المنشآت التي تجاوزت إيراداتها الخاضعة لضريبة القيمة المضافة 187,500 ريال في أي من الأعوام 2022-2025 ستكون جزءًا من «المجموعة 25» التي تدخل مرحلة الربط والتكامل من نظام الفوترة الإلكترونية ابتداءً من 1 فبراير 2027، وستخطرها الهيئة قبل ذلك بستة أشهر. المرحلة الثانية تتطلّب ربط الأنظمة لتوليد الفواتير إلكترونيًا بصيغة محددة، وإضافة عناصر مثل QR وغيرها.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Middle East
Status requires verification
ZATCA Determines the Criteria for Selecting the Targeted Taxpayers in Wave 25 for “Integration Phase” of E-invoicing
Saudi Arabia’s Zakat, Tax and Customs Authority has identified that all taxpayers whose revenues subject to VAT exceeded **SAR 187,500** in any of the years 2022-2025 will be in **Wave 25** for the Phase Two (Integration Phase) of e-invoicing. These taxpayers must integrate their invoicing systems with the ZATCA Fatoora platform, use the specified format, and include additional mandatory invoice fields by **1 February 2027**. Non-compliance after that date may lead to penalties.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 1, 2027
- Verification
- Not recorded
Open cited source
Scope: South Korea
Status requires verification
가상자산 과세 제도 개요—2027년부터 기타소득 분리과세 시행
소득세법 개정안(2024년 12월)의 결과로서, 2027년 1월 1일부터 가상자산의 양도·대여분 소득을 기타소득으로 분리과세하며, 취득가액 확인이 어려운 경우 필요경비 의제 허용(최대 50%), 기본공제 250만원, 세율 20% 등이 규정됨.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source