Scope: United States
Status requires verification
New Final Regulations Under Section 224 – Occupations that Customarily and Regularly Receive Tips (TD 10044)
Final regulations under the One, Big, Beautiful Bill (OBBBA), effective for tax returns for 2025, identify occupations that customarily and regularly received tips as of December 31, 2024. They define “qualified tips,” clarify reporting requirements (e.g. statement furnished under IRS/statutory sections like 6041(d), 4137), and explain that digital content creators may deduct tips only when amounts are paid to them and meet statutory criteria. Amounts not separately reported on qualifying statements are not eligible.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 13, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
IRS to issue proposed regulations on the new remittance transfer tax established under the One, Big, Beautiful Bill
The Treasury and IRS issued proposed regulations clarifying rules around the 1% remittance transfer tax under OBBB, including definitions of covered physical instruments (cash, money order, cashier’s check, etc.), scope of taxable remittances, obligations of providers (collect, semimonthly deposits, quarterly returns), liability if provider doesn’t collect, and they invited comments by June 12, 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 10, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Final regulations on "No Tax on Tips" under the One, Big, Beautiful Bill
IRS issued final regulations under OBBB listing over 70 occupations where workers customarily receive tips and defining “qualified tips”, allowing eligible tipped employees and gig workers to deduct tips (reportable on W-2, 1099-NEC, 1099-MISC, 1099-K, or Form 4137). Limits deductions for self-employed individuals to net income.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 10, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Government of Canada encourages Canadians to file income taxes to remain eligible for important income-tested benefits
The government has announced that eligibility and renewal of several income-tested federal benefit programs—including the Canadian Dental Care Plan (CDCP), Canada Disability Benefit (CDB), Old Age Security (OAS), and Guaranteed Income Supplement (GIS)—will depend on timely filing of income tax returns. Persons must file their 2025 tax return and obtain their Notice of Assessment to renew CDCP coverage between April 15 and June 1, 2026. For CDB, clients who have filed on time and hold a valid Disability Tax Credit will automatically maintain eligibility for payments from July 2026 to June 2027. This change underscores that income tax filing is not optional but a prerequisite for maintaining key benefit eligibility.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 9, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
UK entrepreneurship tax relief package expands Enterprise Management Incentives, EIS, VCT reliefs
Starting 6 April 2026, the UK government introduced an entrepreneurship tax relief package that expands eligibility for the Enterprise Management Incentive (EMI) scheme, enhancements to the Enterprise Investment Scheme (EIS), and Venture Capital Trusts (VCTs). It includes doubling of certain tax reliefs to support investment, start-ups, and scale-ups.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Britain’s innovators backed with around £100m of new investment
From 6 April 2026, at the start of the new tax year, UK entrepreneurs, start-ups and scale-ups benefit from expanded reliefs: the number of companies eligible for the Enterprise Management Incentives (EMI) scheme is increased by doubling the headcount cap and quadrupling the asset threshold. Also, enhancements are made to EIS and VCT schemes as part of a package to unlock new private investment. These changes improve access to reliefs for talent retention and investment in high-growth firms.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Removal of the Lower Earnings Limit and Waiting Days in Statutory Sick Pay
From 6 April 2026 Statutory Sick Pay (SSP) eligibility is widened: the lower earnings limit removed so all eligible employees qualify regardless of income; SSP becomes payable from the first full day of sickness absence, eliminating previous unpaid waiting days; rate remains 80% of average weekly earnings or £123.25 flat rate, whichever is lower. These provide greater access and fairness to low-earners and variable hour workers.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Increase in Small Employers’ Relief compensation rate from 8.5% to 9%
From 6 April 2026, employers with Class 1 NICs of £45,000 or less per year can reclaim 100% of statutory payments plus **9% compensation**, up from 8.5%, effectively reclaiming 109% of statutory payment costs. Employers exceeding the NICs threshold remain at 92% compensation. This offers modest but valuable relief to qualifying small employers.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Inheritance tax reliefs threshold to rise to £2.5m for farmers and businesses - GOV.UK
The UK government will increase the combined Agricultural and Business Property Relief threshold from £1 million to £2.5 million for estates of farmers and business owners from **6 April 2026**, allowing spouses or civil partners to pass on up to £5 million in qualifying business or agricultural assets tax-free between them before inheritance tax applies.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Expansion of workplace benefits relief – employer reimbursements for eye tests, flu vaccinations and homeworking equipment
Legislation introduced in Finance Bill 2025-26 provides Income Tax and National Insurance exemptions from 6 April 2026 for employer reimbursements for eye tests (for Display Screen Equipment users), corrective appliances, flu vaccinations, and certain homeworking equipment, removing the necessity for direct provision by employer.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
The expansion of workplace benefits relief
From **6 April 2026**, UK legislation exempts reimbursement of certain employee expenses (eye tests related to DSE use, corrective appliances, seasonal flu vaccinations, and eligible homeworking equipment) from Income Tax and NICs. This reforms treatment of benefits-in-kind and reimbursements to align tax outcomes for remote and office-based work.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Making Tax Digital for Income Tax (sole traders and landlords with income over £50,000) from April 2026
Individuals with qualifying gross income over £50,000 (from self-employment and property before expenses) will be required from 6 April 2026 to keep digital records, submit quarterly updates and use HMRC-approved software under MTD for Income Tax. Thresholds fall to £30,000 from April 2027, then £20,000 from April 2028. Legislated via Finance Bill and warranted by Autumn Budget 2024 and Spring Statement 2025.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Changes to Income Tax: Dividend rates increased from 6 April 2026
From 6 April 2026 the UK has increased the tax rates on dividend income: the ordinary (basic) rate rises from 8.75% to 10.75%, and the upper rate from 33.75% to 35.75%. These changes are part of broader measures to align how income from assets—dividends, savings, property—is taxed versus employment income. This directly affects investors and shareholders by increasing their tax liability on dividends, and should be considered in investment planning, cash flow projections, and income mix strategies.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Removal of tax relief for non-reimbursed homeworking expenses from 6 April 2026
From 6 April 2026 UK employees will no longer be able to claim an income tax deduction for additional household costs incurred from homeworking that are not reimbursed by their employer; employer reimbursements remain tax-free provided compliant.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Britain’s innovators backed with around £100m of new investment
Effective from 6 April 2026, the UK expanded several relief schemes for entrepreneurs. Gross asset thresholds under the Enterprise Management Incentives (EMI) have been quadrupled; employee count and share option limits doubled; adjustments also made to Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs). Intended to unlock investment in high-growth companies by making tax relief more generous and accessible. These changes are enacted and effective immediately at the start of the 2026-27 tax year.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Making Tax Digital obligations for Income Tax come into effect
The Income Tax (Digital Obligations) Regulations 2026 bring into force Making Tax Digital (MTD) for individuals with qualifying income from self-employment and property. From 6 April 2026, sole traders and landlords with qualifying income above £50,000 must use digital record-keeping software, submit quarterly updates and file their annual Self Assessment digitally. Phased threshold reductions follow in 2027 and 2028. The regulation includes exemptions for those digitally excluded or with specified status. Implications include new penalties (points-based), changes to how financial record-keeping is managed, and compliance burdens ahead of the first quarterly deadlines.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Changes to tax rates for property, savings & dividend income
Budget 2025 introduced multiple changes: dividend ordinary and upper tax rates increased by 2 percentage points from 6 April 2026; savings and property income rates will also be increased by 2 ppts in basic, higher and additional bands from 6 April 2027. Additionally, from April 2027, reliefs and allowances will be ordered to apply **after** non-employment/savings/property income. Aimed at narrowing the tax burden gap between income from work and from assets. Significant for investors, landlords, and those with mixed income sources.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Introduction of CT600P Supplementary Form for Creative Industries Reliefs and Changes to Remote Gaming Duty
Starting 6 April 2026, companies claiming UK creative industries tax reliefs or expenditure credits must file the CT600P supplementary form alongside their CT600 return. Additionally, from that date Remote Gaming Duty increases from 21% to 40%, and Bingo Duty is abolished.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Payments for cancelled, moved or curtailed shifts treated as taxable earnings from 6 April 2026
Payments made under section 27BP of the Employment Rights Act 1996 for shifts cancelled, moved or curtailed at short notice will be classified as earnings and subject to Income Tax from 6 April 2026.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Abolition of non-resident dividend tax credit for non-UK residents
From 6 April 2026, non-resident individuals will no longer receive the notional tax credit formerly allowed on dividends from UK companies. They will be treated like UK residents in dividend gross-up and tax treatment. This aligns tax for residents and non-residents and raises revenue. The change is now **enacted**, taking effect **6 April 2026**, with **medium impact** for international investors. ([gov.uk](https://www.gov.uk/government/publications/budget-2025-overview-of-tax-legislation-and-rates-ootlar/budget-2025-overview-of-tax-legislation-and-rates-ootlar?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source