Scope: United Kingdom
Status requires verification
Change to tax rates for property, savings and dividend income — technical note
Budget 2025 introduced changes to income tax rates: dividends tax rates will increase from 6 April 2026; savings and property income tax rates from 6 April 2027. This will affect how individuals with non-employment income are taxed. Estates will use the same basic rate rules. HMRC will apply for those collected via PAYE when effective. Distinction between which rates apply to which income type.
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’s updated filing and relief claim rules for Creative Industries and charity compliance from 6 April 2026
From 6 April 2026, HMRC requires businesses claiming Creative Industries tax reliefs or expenditure credits to submit a new CT600P page with their CT600 Company Tax Return, and complete a new additional information form. Changes also affect employer NI relief for veterans (extended until April 2028), and charity rules on tainted donations, approved charitable investments and attributable income are modified.
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
UK Making Tax Digital: Sole Traders and Landlords over £50,000 gross income must keep digital records and submit quarterly updates from 6 April 2026
Under HMRC’s Making Tax Digital framework, sole traders and landlords with gross income over £50,000 (before expenses) are required from 6 April 2026 to maintain digital records and send quarterly updates; income threshold drops to £30,000 in 2027. This aims to modernise reporting and increase transparency. Entities under threshold prepare now to adopt compliant software and systems.
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 and Dividend Income
Following Budget 2025, government will raise tax rates on savings and dividend income and introduce separate tax rates for property income. The dividend ordinary and upper rates increase by 2 percentage points from **6 April 2026**. Savings and property income separate rates come into effect from **6 April 2027**. Also, allowances and reliefs will be ordered to apply first against non-asset income then property, savings then dividends.([gov.uk](https://www.gov.uk/government/publications/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, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
P9X — Tax codes to use from 6 April 2026
UK HMRC issued updated tax codes for the 2026-27 tax year, fixing the basic personal allowance at £12,570 and setting weekly and monthly PAYE thresholds; employers must update payroll to use correct codes from 6 April 2026. Implications: payroll systems, employee tax deductions, and tax code notifications must be aligned to avoid under or over taxation.
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 Self Assessment for sole traders and landlords
From 6 April 2026, sole traders and landlords with qualifying gross income (from self-employment and/or property) over £50,000 must keep digital records, use MTD-compatible software, and submit quarterly updates, phasing thresholds down to £30,000 in April 2027 and £20,000 in April 2028. This requires compliant software, detailed record-keeping, and represents one of the largest changes to the Self-Assessment regime in decades.
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 — Overview of tax legislation and rates (Finance Bill 2025-26)
Introduces major reforms effective from April 2026 and beyond: increased first-year allowances (40%) for plant and machinery; reduced writing-down allowances; revised carried interest rules under Income Tax; changes to EIS and VCT limits; and abolition of non-resident dividend tax credit. Also revised thresholds for business reliefs and NIC contributions for those abroad.
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
PAYE rules for labour supply chains that include umbrella companies from 6 April 2026
This policy shifts legal responsibility for operating PAYE Income Tax and National Insurance Contributions (NICs) on payments to workers supplied via umbrella companies. From 6 April 2026, the recruitment agency in a labour supply chain will be held jointly and severally liable for PAYE/NIC where an umbrella company employs the worker. Where there is no agency, the end client assumes liability. The goal is to close the tax gap caused by non-compliance in such arrangements, protect workers from unexpected tax bills, and ensure a level playing field for compliant businesses.
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: Extension to sole traders and landlords
Legislation requires sole traders and landlords whose trading plus property income exceeds certain thresholds to use MTD for Income Tax: over £50,000 from 6 April 2026; over £30,000 from 6 April 2027. They must keep digital records, submit quarterly updates and use compliant software. These rules arise from Finance (No.2) Act 2017 via Schedule A1 enabled by regulations made for MTD ITSA.
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
From 6 April 2026: changes to tax responsibilities in UK labour supply chains and relief claims under CT600P
New UK tax responsibilities taking effect 6 April 2026 include placing liability for correct PAYE, NIC and tax contributions on agencies/end-clients in supply chains with umbrella companies, updating the CT600P form for relief/expenditure credits, and changes to claims of theatre, orchestra and exhibition reliefs.
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
Tax support for entrepreneurs: expansion of EIS, VCTs and EMI from April 2026
Budget 2025 announced changes to support UK entrepreneurs: from 6 April 2026, the gross assets test for Employee Share Ownership (EMI) schemes will rise from £30 million to £120 million, the employee limit from 250 to 500, and share option limit from £3 million to £6 million. EIS and VCT annual and lifetime limits will also be doubled. However, VCT Income Tax (IT) relief will be reduced from 30% to 20% from the same date to better balance the upfront relief with returns. These changes aim to boost investment into scaling companies but also change risk/reward profiles for investors.
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
Taxed Award Scheme (TAS) and Changes to Voluntary National Insurance Contributions Abroad
Employer bulletin February 2026 confirms changes: the removal of access to pay Class 2 voluntary NICs for periods abroad from April 2026 onwards and new stricter criteria for Class 3 NICs (10 years UK residence or contributions). Also firms can apply via the Taxed Award Scheme for non-cash rewards/vouchers with tax & Class 1A NICs handled via TAS.
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
Abolition of Lifetime Allowance power amendment (Report Stage amendments, Finance Bill 2025-26)
In Report Stage (9 March 2026), UK government amended power regarding abolition of pension Lifetime Allowance, along with changes affecting umbrella companies, pension interests, initially focused on how pensions and benefits are taxed. Crucial for those with high value pension pots. ([gov.uk](https://www.gov.uk/government/publications/finance-bill-2025-26-report-stage?utm_source=openai))
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
UK Finance Bill 2025-26: Removal of deduction for non-reimbursed homeworking expenses
From 6 April 2026, deductions for non-reimbursed home-working expenses are removed. Employees who work from home without employer reimbursement can no longer claim those expenses. Employers can still reimburse and preserve relief. This changes tax planning for remote workers and reduces opportunities for itemizing small work-related home costs. ([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
Scope: United Kingdom
Status requires verification
Finance Bill 2025-26: Income Tax Personal Allowance and Higher Rate Thresholds
The UK Budget 2025-Overview of tax legislation sets new fixed thresholds: Personal Allowance at £12,570 and basic rate limit at £37,700 for tax years 2028-29 through 2030-31, with higher rate threshold reaching £50,270 for those years. Changes apply from 6 April 2026. Implications are significant for taxpayers' marginal tax rates and planning for incomes across intervals. ([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: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
UK Budget 2025: Finance Bill 2025-26 Measures – Capital Allowances & Dividend Rates
In the UK Budget 2025, the government proposed a **new 40% first-year allowance** for capital expenditure incurred on or after 1 January 2026, and a **reduction in the main rate writing-down allowance** to 14% for Corporation Tax from 1 April 2026 (and 6 April for Income Tax). The Budget also increases rates on dividend income by 2 percentage points from 6 April 2026. ([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
Scope: United Kingdom
Status requires verification
Tax update 2026: simplification, modernisation and fairness summary
Published 23 June 2026, this wide-ranging update includes consultations and proposals on: introducing zero-rated VAT for land intended for social housing; reviewing Benchmark Scale Rates (BSR) and Overseas Scale Rates (OSR) for employee travel & accommodation; requiring more timely payments under the Self Assessment system (including via PAYE from April 2029); PAYE Settlement Agreements review; modernising the distributions framework; simplifying ISA anticircumvention rules; formalising National Insurance easements for internationally mobile individuals; simplifying inheritance tax reporting for non-taxpaying trusts (effective April 2027); digitising ‘option to tax’ notifications; and removing certain R&D, audio-visual and video games credits from the QIP thresholds from April 2027. ([gov.uk](https://www.gov.uk/government/publications/summary-of-tax-update-2026-simplification-modernisation-and-fairness/tax-update-2026-simplification-modernisation-and-fairness-summary?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
Making Tax Digital (MTD) for Income Tax: phased mandation for self-employed & landlords
From 6 April 2026, self-employed individuals and landlords with qualifying income over £50,000 must comply with MTD for Income Tax (ITSA): keeping digital records, sending quarterly updates, and using compatible software. From 6 April 2027, the threshold drops to £30,000; further expansion to £20,000 is planned. The policy also includes rules on penalty reform.
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
New requirement to use Making Tax Digital for Income Tax from April 2026 for qualifying self-employed and landlords
From 6 April 2026, sole traders and landlords with qualifying income (self-employment + property) over £50,000 must use HMRC-approved software, keep digital records, send quarterly updates, and submit annual returns digitally; HMRC will begin signing up eligible individuals from September 2026 who haven’t already enrolled. ([gov.uk](https://www.gov.uk/government/collections/making-tax-digital-for-income-tax?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
Agent Update: Key tax changes including mileage and fuel duty rates
In Agent Update 143, HMRC confirmed that planned increases to Fuel Duty on 1 September and 1 December 2026 will not go ahead – the main rate remains at 52.95p per litre. Duty on red diesel cut from 10.18p to 6.48p until 31 December 2026. When renewing Heavy Goods Vehicle Vehicle Excise Duty in the next 12 months, hauliers to pay just £1. Also, increases to Approved Mileage Allowance Payments, Mileage Allowance Relief and self-employed mileage are backdated to 6 April 2026. ([gov.uk](https://www.gov.uk/government/publications/agent-update-issue-143/issue-143-of-agent-update?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source