Scope: United Kingdom
Status requires verification
Making Tax Digital for Income Tax mandatory from 6 April 2026 for income over £50,000
From 6 April 2026, sole traders and landlords with gross qualifying income (from self-employment and property) over £50,000 must keep digital records, send quarterly summaries to HMRC using software compatible with Making Tax Digital for Income Tax, and continue submitting full Self Assessment Returns by the standard deadline. Thresholds will drop in subsequent years—to £30,000 in April 2027, and £20,000 in April 2028. 2026–27 marks a transitional year with no penalties for missed quarterly updates. These changes require affected taxpayers to adapt record-keeping, software use and reporting workflows.
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
Income Tax (Digital Requirements) Regulations 2021, as amended by The Income Tax (Digital Requirements) (Amendment) Regulations 2024
These Regulations prescribe how sole traders and landlords (“relevant persons”) must keep digital records of their self-employment and property income and expenses for purposes of Making Tax Digital for Income Tax. From 6 April 2026, those with qualifying income over £50,000 must comply; the threshold drops to £30,000 in April 2027 (then further to £20,000 later as proposed).
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
UK: Tax Codes to Use from 6 April 2026
HMRC published guidance on the tax codes applicable from 6 April 2026 for the UK tax year; the Personal Allowance remains £12,570, with specific weekly and monthly thresholds given, plus emergency code 1257L for cases where correct coding has not yet been confirmed. Employers must update payroll records and apply correct codes to avoid under- or over-having tax deductions.
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
Individual Savings Account (Amendment) Regulation 2026
Amendments effective 6 April 2026 updating the Investment types eligible in ISA wrappers: Long-Term Asset Funds (LTAFs) qualify for Stocks & Shares ISAs and Junior ISAs; cryptoasset ETNs restricted to Innovative Finance ISAs. Also introduces ISA manager reporting changes and a new compliance regime with graded penalties starting April 2027-2028.
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
Inheritance tax reliefs threshold to rise to £2.5m for farmers and businesses
The threshold for Agricultural Property Relief and Business Property Relief will increase from £1 million to £2.5 million from 6 April 2026, allowing spouses or civil partners to pass on up to £5 million in qualifying agricultural/business assets between them before inheritance tax on those assets applies; reduces number of estates facing higher IHT under previous rules.
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
Use Making Tax Digital for Income Tax – introduction, who needs to use it and by when
Phased rollout of Making Tax Digital (Income Tax Self Assessment) requiring sole traders and landlords with qualifying income over £50,000 from 6 April 2026 to keep digital records, send quarterly updates, and file returns via compatible software; thresholds lower in subsequent years to £30,000 (from April 2027) and £20,000 (from April 2028).
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
UK Budget 2025: Changes to personal, property, savings and dividend tax rates
Finance Bill 2025-26 will implement changes including increases in dividend and savings income tax rates by 2 percentage points, new property income tax rates to be introduced in April 2027, and adjustments to personal allowances. These changes shift tax burdens particularly for high-income, investment, and property income earners.
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
Voluntary National Insurance contributions abroad and umbrella company PAYE responsibilities - UK changes from 6 April 2026
From 6 April 2026, UK government will remove option to pay voluntary Class 2 NI contributions for periods abroad; new applications for Class 3 NI in those cases will require 10 years continuous UK residency or NI contributions. Also, employers and end-clients become responsible for ensuring umbrella companies operate PAYE, NICs and Student Loan deductions correctly in labour supply chains.
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
Changes take effect 6 April 2026 — prepare for new PAYE (Pay as you earn) responsibilities in labour supply chains
From 6 April 2026, agencies and clients in labour supply chains featuring umbrella companies become responsible for ensuring correct income tax, student loan and NIC deductions under PAYE. Liability may be recovered from them if umbrella companies fail to comply. This strengthens rules to tackle non-compliance and mis-classification in umbrella employment models.
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 the claims process for the Creative Industries tax reliefs and expenditure credits
Starting 6 April 2026, all Creative Industries tax relief or expenditure credit claims must include a new CT600P page with the CT600 Company Tax Return, and an additional information form must be submitted to support the claim. This change affects companies claiming reliefs or credits, streamlines documentation requirements, and includes validation interactions and guidance updates.
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 (additional household costs)
As of **6 April 2026**, UK employees may no longer claim Income Tax deductions for additional household costs (utilities, phone etc.) when working from home, *unless* costs are reimbursed by their employers. The fixed-rate relief was £6/week, or actual costs with evidence, which is now abolished for new claims. Claims remain possible for the preceding four tax years where eligible. This significantly impacts employees without reimbursement arrangements and reduces available deductions for homeworking costs.
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
Removal of tax relief on non-reimbursed homeworking expenses
Policy announced in Budget 2025 that from 6 April 2026 employees will no longer be able to claim Income Tax deductions for additional household/homeworking costs if those costs are not reimbursed by employers; fixed-rate allowance or actual expenses routes both removed.
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
Overview of tax legislation and rates — Budget 2025: Income Tax, Dividend, Property Income rates and allowances changes
Budget 2025 introduces significant legislative changes via Finance Bill 2025-26: income tax reliefs ordering, new first-year allowances, reduced writing-down rates, altered tax rates on property income, savings, dividends, and changes to tax reliefs (such as capital allowances). Many changes effective from 1 January 2026, 6 April 2026 or 6 April 2027, depending on measure. These affect how income, investment, and business expenditure are taxed moving forward.
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
Making Tax Digital for Income Tax (Digital Obligations) Regulations 2026
Legal regulations requiring sole traders and landlords with qualifying income thresholds to use digital records and send quarterly updates to HMRC. Introduces thresholds of £50,000 from April 2026, declining to £30,000 in 2027 and £20,000 in 2028. Includes a new points-based penalty regime and provisions for exemptions and opt-outs.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
UK Tax Update 2026: simplification, modernisation and fairness summary
The UK announced a broad package of tax and customs measures aimed at reducing administrative burdens, modernising systems, improving fairness, including measures such as consultation on VAT zero-rating of land for social housing, review of overseas scale rates, mandating direct debit for VAT/PAYE liabilities, reforms to ISA schemes, online marketplace VAT liability, and more. Many measures are under consultation or draft legislation, effective from various dates but many in the 2026-27 timeframe.
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
Check what to do if HMRC has signed you up for Making Tax Digital for Income Tax
From 6 April 2026, sole traders and landlords with qualifying income over £50,000 in the 2024-25 tax year (and not exempt) are required to use Making Tax Digital for Income Tax Self Assessment. Those who have not signed up will be auto-enrolled by HMRC during the coming months. This change brings quarterly updates, compatible software requirements, and adjusted penalty rules for non-compliance. The announcement underscores the digital transformation of Self Assessment obligations.
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
Budget 2025: Changes to EMI, EIS, VCT and investment limits (Enterprise Support Enhancements)
From April 2026, limits governing EMI scheme (employees limit, gross assets, value of options granted), and company-investment limits under EIS and VCT are increased; also, VCT upfront income tax relief reduced from 30 % to 20 %. This enhances support for scaling companies but rebalances investor incentives.
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 of BADR rate to 18% from 6 April 2026
From 6 April 2026, the rate for Business Asset Disposal Relief (formerly Entrepreneurs’ Relief) and Investors’ Relief will increase to match the main lower CGT rate at 18%. Disposals qualifying under BADR made on or after that date will be taxed at this higher rate; anti-forestalling rules apply. ([gov.uk](https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg63955?utm_source=openai))
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
Enterprise Management Incentives: expanded thresholds and exercise period changes
From 6 April 2026, changes to the EMI scheme: company option cap raised from £3 million to £6 million; gross assets threshold increased from £30 million to £120 million; employee cap extended from fewer than 250 employees to fewer than 500; and qualifying exercise period extended from 10 years to 15 years for new options and amended existing options (if exercised after 6 April). These updates broaden access for scale-ups and offer more flexibility for option agreements.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
HMRC P9X tax codes & Personal Allowance set for UK tax year 2026-27
HM Revenue & Customs released guidance (P9X) effective 6 April 2026: Personal Allowance set at £12,570; the emergency tax code becomes 1257L; employers must update payroll codes and follow new rules for employees starting between 6 April–24 May. These changes affect employers and payroll administrators across the UK, and impact how tax-free thresholds are applied beginning with 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