Scope: United Kingdom
Status requires verification
Making Tax Digital for Income Tax: More than 436,000 sole traders and landlords submitted first quarterly updates
From April 6, 2026, sole traders and landlords with qualifying income over £50,000 must keep digital records and send quarterly updates under Making Tax Digital (MTD) for Income Tax. As of August 2026, over 436,000 have submitted their first quarterly update; HMRC will begin signing up those who have not yet done so from September. No penalties will apply for late updates in the 2026-27 year. ([gov.uk](https://www.gov.uk/government/news/436000-sole-traders-and-landlords-make-their-tax-digital?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
HMRC announces Making Tax Digital for ITSA will apply to sole traders and landlords with income over £50,000 from April 2026
From 6 April 2026, sole traders and landlords in the UK with qualifying income over £50,000 will be required to use Making Tax Digital for Income Tax Self Assessment. The thresholds decline to £30,000 in April 2027, and £20,000 in April 2028. Requires digital records, quarterly updates and annual summaries. Key compliance change for small UK businesses and property owners.
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
Reforms to agricultural property relief and business property relief
From 6 April 2026, a new £1 million allowance will apply to the combined value of agricultural and business property qualifying for **100% Inheritance Tax relief**, with rates above that threshold falling to **50%**. Shares traded on unlisted but recognised exchanges lose full relief and only get 50%. The option to pay IHT by **equal interest-free instalments across ten years** will apply to all eligible APR/BPR property. These changes significantly affect large estates and trust property.([gov.uk](https://www.gov.uk/government/publications/reforms-to-agricultural-property-relief-and-business-property-relief?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
Temporary non-residence distributions from closely controlled companies after Finance Act 2026
For individuals who become UK resident on or after 6 April 2026 following a period of temporary non-residence, distributions from close companies are taxed on the full amount, including profits accrued while non-resident. Foreign tax paid on those distributions may be credited in Self Assessment. This represents a widening of UK tax scope for returning residents.
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
Mileage payment changes for tax year 2026 to 2027
The approved Mileage Allowance Payment (MAP) rates for business travel in the UK have increased: 55p per mile for the first 10,000 miles, reverting to 25p per mile thereafter. The National Insurance contributions disregard for Relevant Motoring Expenses (RME) has also increased to 55p per mile. These changes are backdated to 6 April 2026. Employers may need to adjust payroll and employees may be able to claim if reimbursements had been made at lower rates.
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
Increase in the Approved Mileage Allowance Payments rates for cars and vans (first 10,000 business miles)
The UK government has increased the Approved Mileage Allowance Payment (AMAP) rate from 45p to 55p per mile for the first 10,000 business miles driven by employees or self-employed using their own car or van. This change is effective from the start of the 2026/27 tax year (6 April 2026). It aims to better reflect running costs and provide greater relief for business travel expenses.
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
Approved Mileage Allowance Payments (AMAPs) rate increase
For the 2026/27 tax year starting **6 April 2026**, AMAP rates for cars and vans for the first 10,000 business miles increase from **45p to 55p per mile**. This represents the first change in over a decade, improving tax relief for business travel. Rates above 10,000 miles, and for motorcycles and bicycles, remain unchanged.
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
Agent Update Issue 140: Voluntary NI contributions abroad & CT600P for Creative Industries reliefs
From 6 April 2026, voluntary Class 2 NI contributions for periods abroad are removed; new Class 3 NI contributions abroad will require 10 years’ UK residency or NIC record. Also, all Creative Industries relief or expenditure credit claims must include new CT600P page alongside CT600 return, with updated information forms to reduce duplication.
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
Reform of the tax treatment of carried interest
The UK government is introducing a revised tax regime for carried interest, effective from 6 April 2026. Carried interest will be taxed as trading profits under Income Tax and Class 4 NICs, with only 72.5% of qualifying profits treated as trading income. Non-qualifying profits will be taxed differently. The measure aims to align tax treatment with economic reality for fund managers, and includes changes to asset-level average holding period conditions and territorial scope.
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
Aligning PAYE notifications with Overseas Workday Relief limit from 6 April 2026
From the 2026-27 tax year onward, when employers submit a PAYE notification for an employee who qualifies for Overseas Workday Relief (OWR), the percentage entered for non-UK earnings must be estimated and must **not exceed 30%** of qualifying employment income. This limits overclaims under OWR and aligns with financial limits imposed by legislation. ([gov.uk](https://www.gov.uk/government/publications/globally-mobile-employees/overseas-workday-relief?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
Making Tax Digital for Income Tax launches for high-income self-employed and landlords
From 6 April 2026, self-employed individuals and landlords with gross income over £50,000 will be required to keep digital records, use HMRC-approved software, and submit quarterly summaries via MTD for Income Tax. Thresholds fall to £30,000 in April 2027 and to £20,000 in April 2028. This is part of HMRC’s digital modernisation and compliance enhancement.
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
Changes to employer provided benefits policy and administration
Two measures: (1) allows employers who cease trading during the tax year to file P11D/P11D(b) mid-year paper returns instead of electronic filing; (2) removes the voluntary registration option for real-time reporting of benefits-in-kind from 6 April 2026 for the 2027-28 tax year onward—preparing for full mandatory real-time reporting.
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 & landlords income threshold enforcement and quarterly updates
Mandation of MTD for Income Tax from 6 April 2026 for sole traders and landlords whose qualifying income exceeds £50,000; with thresholds reducing to £30,000 in April 2027 and £20,000 in April 2028. From September 2026 HMRC will begin signing up those not yet registered. Penalties for late quarterly updates will be phased in—there are none for the 2026-27 year, but after that penalties apply.
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
One year until Making Tax Digital for Income Tax launches
From 6 April 2026, sole traders and landlords with gross income over £50,000 from self-employment and property will be required to keep digital records, use compatible software, and submit quarterly summaries under Making Tax Digital for Income Tax. Thresholds will reduce to £30,000 in April 2027 and £20,000 in April 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
Making Tax Digital for Income Tax Self Assessment phased mandation thresholds
Self-employed individuals and landlords will be required to use digital record-keeping and send quarterly updates under Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA). From 6 April 2026 the threshold is £50,000 qualifying income; from 6 April 2027 the threshold falls to £30,000, with further reductions to £20,000 planned by April 2028. This affects record-keeping, software use, and quarterly reporting 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
Aligning PAYE notifications with the Overseas Workday Relief limit
From 6 April 2026, employers will be limited when submitting PAYE notification under Section 690 that they can exclude more than 30% of a qualifying employee’s income via notification (for Overseas Workday Relief or as qualifying new resident). The amendment will cap the excluded proportion at 30%, limiting income that can bypass PAYE.
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
Payrolling of benefits in kind and tax code changes for winter payment recovery
Under UK law, from 6 April 2026 tax codes will be automatically adjusted via PAYE for individuals who need to repay winter payments, and starting April 2027, most benefits-in-kind (BiKs) and related expenses will be mandatorily payrolled. Employers must register by 5 April 2026 if they wish to voluntary payroll BiKs for 2026-27. The change shifts many non-cash perks into regular payroll to improve transparency and simplify tax administration.
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 and penalty reform via the Income Tax (Digital Obligations) Regulations 2026
These regulations consolidate and update the requirements for unincorporated businesses and landlords (“relevant persons”) to keep digital records, submit quarterly updates, and file annual returns using MTD-compatible software; they set phased thresholds (£50,000 from April 2026; £30,000 from April 2027; £20,000 from April 2028), define exemptions and simplify digital record-keeping procedures.
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
Extension of Making Tax Digital for Income Tax Self Assessment to sole traders and landlords
From **6 April 2026** sole traders and landlords with qualifying income over **£50,000** will be required to use Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), keeping digital records and sending quarterly updates. From **6 April 2027** this requirement will apply to those with qualifying income over **£30,000**. The government also plans to lower the qualifying income threshold further to **£20,000** in the 2026-27 tax year. This change aims to reduce errors, improve digital record-keeping, and streamline tax reporting. Penalties for missed submissions will move to a points-based regime as taxpayers become mandated under MTD for ITSA.
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
Reform of Agricultural & Business Property Reliefs for Trusts from 6 April 2026
From 6 April 2026, property qualifying for Business Property Relief (BPR) or Agricultural Property Relief (APR) will receive **100% relief** only up to £1 million of combined qualifying value; above that, **50% relief** will apply. Shares on recognised exchanges but not listed will only benefit from 50% relief under all circumstances. Trusts will be particularly affected as these rules apply to property settled into trusts, affecting entry and ongoing trust charges.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source