Scope: United Kingdom
Proposed
Extending VAT online marketplace liability to combat non-compliance
HMRC and HM Treasury are consulting on proposals to make online marketplaces responsible for accounting for VAT on UK businesses’ sales made via their platforms—including domestic sales of goods and takeaway/restaurant food. Options under consideration include applying a minimum platform sales threshold and providing relief for businesses under the VAT registration threshold.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 23, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Acceleration of cheap import reforms and crackdown on dodgy online sellers
On 23 June 2026, the UK government set out customs and VAT reforms: duty relief on low-value imports (≤£135) is being scrapped, forcing all those imports to face customs duties; measures to strengthen VAT collection by online sellers, reform VAT on sale of land to speed up affordable housing development; and digital-first customs processes to support high street businesses.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Tax update 2026: simplification, modernisation and fairness
UK government announced a package as of 23 June 2026 to simplify and modernise the tax & customs system, including new draft legislation, consultations and impact notes such as Capital Gains Tax relief on gifts of business assets, extended online marketplace liability, VAT and customs intermediaries reforms.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 23, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
Tax Update 2026: Simplification, Modernisation and Fairness – Summary
The UK Government’s summary of Tax Update 2026 announced a package of 41 tax and customs measures (published 23 June 2026) including consultations on modernising distribution framework; more timely payments of Income Tax Self Assessment; laboring online marketplace VAT liability; reforming ISA-product types; undeveloped rules around overseas LLCs and reverse hybrids; review of Benchmark and Overseas Scale Rates; and reforms to VAT treatment of land. These measures are predominantly consultative but signal forthcoming legislative changes affecting many taxpayers and businesses.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 23, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
VAT treatment of land for social housing
A consultation published 23 June 2026 seeks views on introducing a new zero-rate VAT policy for land intended for the construction of social housing, to alleviate cashflow burdens associated with current VAT rules such as the golden brick rule and exempt land transactions.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 23, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
Consultation on reform to taxation of UK-resident members of LLCs and other reverse hybrids
HMRC has launched a consultation (June 2026) to address high effective tax rates faced by UK-resident individuals who are members of foreign entities treated as transparent abroad but opaque in the UK (reverse hybrids such as US LLCs). It aims to explore solutions including transparent treatment, better double tax relief mechanisms and legislative amendments to reduce double taxation on profits and distributions.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 23, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
VAT treatment of land intended for the construction of new social housing (consultation published)
A consultation has been launched (23 June 2026) on introducing a new zero-rate VAT for land intended for construction of social housing. It seeks views on the impact of the ‘golden brick’ rule, timing of zero-rate application, and how to recover VAT on land preparation before construction.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Comitê Gestor do IBS e Receita Federal publicam Ato Conjunto nº 3/2026 com nova etapa da documentação da DeRE
Foi publicado o Ato Conjunto RFB/CGIBS nº 3/2026 em 22 de junho de 2026, que disponibiliza a versão 1.1.0 do pacote técnico da Declaração de Regimes Específicos (DeRE). Essa versão consolida os leiautes, eventos, validações e especificações necessárias à obrigação acessória para setores como financeiro, saúde e prognósticos. A norma orienta contribuintes a adaptarem seus processos e sistemas para atender aos novos requisitos técnicos.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 22, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Notice 2026-36: Intent to issue proposed regulations under section 4960 for tax-exempt organization executive compensation
Notice 2026-36 announced on June 22, 2026, the Treasury Department and IRS intend to issue proposed regulations revising section 4960’s rules on ‘covered employees’ in excise tax rules—removing reference to the five highest compensated employees and providing for limited-hours and non-exempt funds exceptions during transition.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 22, 2026
- Verification
- Not recorded
Open cited source
Scope: Africa
Status requires verification
Implementation of Resolution following 2026-2027 Budget: Changes to Excise Law, Mauritius
Mauritius has enacted excise law changes per the 2026-2027 Budget which came into effect on 20 June 2026 affecting economic operators. The resolution includes updates under the Excise Act (details annexed), requiring operators using the TradeNet system to liaise with Mauritius Network Services Ltd for front-end system updates. These affect customs and excise compliance, classifications, and operational systems.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Canada suspends federal fuel excise tax and passes Bill C-30 to reduce costs
On June 19, 2026, Bill C-30 received Royal Assent in Canada, implementing key relief measures including suspension of federal fuel excise tax on gasoline and diesel (April 20-September 7, 2026), extending RRSP Home Buyers’ Plan repayment grace period from 2 to 5 years for withdrawals made 2026-2028, enhancing labour mobility deduction threshold and maximum, among others.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Bill C-30: Spring Economic Update 2026 measures receive Royal Assent
Canadian federal legislation implementing the Spring Economic Update 2026 was passed (Bill C-30) on June 19, 2026. Key tax-related changes include: suspension of the federal excise tax on gasoline and diesel (and temporarily aviation fuels) from April 20 to September 7, 2026; excise duty relief for the alcohol sector (cap on inflation adjustments and reduced rates for first 15,000 hectolitres of beer), extension through 2028; and extension of the Home Buyers’ Plan repayment grace period from two to five years for RRSP withdrawals made between 2026-2028. Also, enlargement of the Labour Mobility Deduction (distance threshold lowered from 150 km to 120 km and maximum deduction increased from CAD $4,000 to $10,000 annually).
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Bill C-30 passes: Measures from Spring Economic Update 2026 become law
Legislation implementing parts of the Spring Economic Update 2026 (Bill C-30) received Royal Assent on June 19, 2026. Key tax-related provisions now in force include: suspension of federal fuel excise tax on gasoline and diesel from April 20 to September 7, 2026; enhanced excise duty relief for alcohol sector; extension of repayment grace period for the Home Buyers’ Plan for RRSP withdrawals (withdrawals between 2026-2028 now repaid over five rather than two years); increased labour mobility deductions; and lower CPP contribution rate starting in 2027. These affect both individuals and businesses in planning and cash flow.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Legislation Passes Remote Key Measures from Spring Economic Update 2026 (Bill C-30)
Bill C-30, which received Royal Assent on **June 19, 2026**, implements a variety of tax and benefit-related measures, including: extending the Home Buyers’ Plan repayment grace period from two to five years for RRSP withdrawals made between 2026-2028; lowering CPP base contribution rate from 9.9% to 9.5% starting in **2027**; enhancing labour mobility deduction thresholds; permanent capital gains exemption for employee ownership transfers up to $10 million; and immediate expensing for greenhouses. ([canada.ca](https://www.canada.ca/en/department-finance/news/2026/06/legislation-passes-to-implement-measures-from-the-spring-economic-update-2026.html?utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Legislation passes to implement measures from the Spring Economic Update 2026 (Bill C-30)
Bill C-30 received Royal Assent on June 19, 2026, implementing several Spring Economic Update measures: suspending the federal fuel excise tax on gasoline and aviation fuels from April 20 to September 7, 2026; excise duty relief for alcohol; extending Home Buyers’ Plan repayment grace period; increasing the Labour Mobility Deduction; reducing CPP contribution rate from 9.9% to 9.5% starting in 2027; and making permanent a $10 million capital gains exemption for qualifying business transfers to employee ownership trusts and worker co-ops. ([canada.ca](https://www.canada.ca/en/department-finance/news/2026/06/legislation-passes-to-implement-measures-from-the-spring-economic-update-2026.html?utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Bill C-30, Loi portant exécution de certaines dispositions de la Mise à jour économique du printemps de 2026
This law implements multiple tax-and-finance measures from the Spring Economic Update. Key changes include: the federal excise tax on gasoline, diesel, and aviation fuels is suspended from April 20 to September 7, 2026; excise tax relief for beer, wine, and spirits with inflation cap extended and reduced rates on the first 15,000 hectolitres of beer; enhanced mobility deduction (distance lowered to 120 km, maximum amount increased to $10,000); capital gains exemption on sales to employee ownership trusts/co-ops; two-to-five-year grace period extension for first-time home buyer withdrawals from RRSPs between 2026–28.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Legislation passes to implement measures from the Spring Economic Update 2026
With Royal Assent of Bill C-30 (June 19, 2026), Canada enacted several Spring Economic Update 2026 measures: suspension of federal fuel excise tax (gasoline & diesel) from April 20 to September 7, 2026; extension of excise duty relief for alcohol; extension of Home Buyers’ Plan repayment grace period; enhanced Labour Mobility Deduction; lower CPP contribution rate; making permanent $10 million capital gains exemption for employee ownership trust and co-op transfers; and immediate expensing for greenhouses, among others.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Latin America
Status requires verification
Ley 2586 de 2026 adopta nuevo régimen sancionatorio y de decomiso para obligaciones aduaneras
Colombia aprobó la Ley 2586 de 2026 que introduce un **nuevo régimen sancionatorio y de decomiso de mercancías** en materia aduanera, con procedimientos específicos para el incumplimiento de obligaciones de comercio exterior. Impacta agentes de aduanas, importadores/exportadores y empresas de logística.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Canada’s Spring Economic Update 2026 Measures via Bill C-30
Bill C-30, enacted **June 19, 2026**, implements tax relief and affordability measures: suspends federal fuel excise tax (April 20 to September 7, 2026), elongates Home Buyers’ Plan RRSP repayment grace period from 2 to 5 years for 2026-2028 withdrawals, and enhances the Labour Mobility Deduction by lowering the distance threshold and increasing the cap. These affect individuals, homeowners, mobile workers, and small businesses.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Employee Ownership Trust Capital Gains Exemption Made Permanent
Canada’s Spring Economic Update 2026 confirms that the temporary capital gains tax exemption of up to \$10 million for individuals selling qualifying business shares to Employee Ownership Trusts or worker cooperatives—previously set to expire at the end of 2026—is now permanent under Bill C-30, the Spring Economic Update 2026 Implementation Act.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jun 18, 2026
- Verification
- Not recorded
Open cited source