Scope: United Kingdom
Status requires verification
Changes to tax on property income, dividend income and savings income – Budget 2025
The 2025 Budget includes tax rate increases: dividend rates rise by 2 percentage points from 6 April 2026; property income will have separate tax rates (basic 22%, higher 42%, additional 47%) from 6 April 2027; savings income rates also increase by 2 percentage points across all bands from April 2027. Also, reliefs and allowances deducted at steps 2 and 3 will apply only after property, savings and dividend income is applied from April 2027. Implications include higher tax on passive income, planning needed for sheltering investments and adjusted cash flow for landlords and savers.
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
Quarterly updates for Making Tax Digital
HMRC has published updated guidance on quarterly updates under Making Tax Digital for Income Tax (MTD ITSA), including deadlines: first quarterly update deadline of 7 August 2026, along with timelines for self‐employment and property-income updates and tax return submission dates. This is in effect and binding for those required to use MTD from 6 April 2026. The change enforces regular summarised reporting every three months.
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
Voluntary National Insurance contributions abroad – changes from April 2026
From tax year 2026-27, voluntary Class 2 NICs will no longer be available for periods abroad for employees and most self-employed; Class 3 contributions abroad will require 10 years continuous UK residence or 10 qualifying years in the NI record.
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
UK Budget 2025: Reform of Agricultural & Business Property Reliefs from 6 April 2026
From 6 April 2026 the UK will reform Agricultural Property Relief (APR) and Business Property Relief (BPR): combined assets up to £1 million receive 100% relief; amounts above that receive 50% relief. Relief will be transferable between spouses or civil partners. Estates with mixed agricultural/business assets should review their asset holdings for potential impact on inheritance tax exposure.
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
Umbrella company PAYE liability changes
Legislation to amend Part 2 of ITEPA will be introduced in Finance Bill 2025-26 so that from 6 April 2026 employment agencies or end clients are jointly and severally liable for PAYE amounts where umbrella companies are involved in the labour supply chain.
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 government unlocks private investment with expanded EIS, VCT and EMI tax reliefs
From 6 April 2026, the UK expanded eligibility for Enterprise Management Incentives (EMI) by doubling the headcount cap and quadrupling the asset threshold. Additional investment is unlocked through enhanced reliefs under the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT), amounting to £100 million per year in support for startups and scaleups.
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 dividend, savings and property income tax rates for trusts and estates
Beginning 6 April 2026 for dividend income (e.g., increasing the 8.75% rate to 10.75%), and from tax year 2027-28 for property and savings income, the UK imposes higher rates on these income categories, especially within trusts and estates. The rules require accurate reporting of trust distributions, and for changes in reliefs (e.g. incorporation relief) and charity gift exemptions. These changes are meant to ensure fairness and update passive income taxation.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Section 45Z Clean Fuel Production Credit proposed regulations (Proposed Rulemaking)
IRS and Treasury published proposed regulations (REG-121244-23) in IRS Bulletin 2026-09 to clarify how Clean Fuel Production Credit under section 45Z, enacted in the Inflation Reduction Act and amended by the OBBB Bill, will be implemented. Key topics: determining emissions rates; definitions of qualifying production facilities; anti-stacking rules; registration; record-keeping; and anti-abuse provisions. Comments due by April 6, 2026; hearing scheduled for May 28, 2026.
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 P9X — Tax codes to use from 6 April 2026
HMRC has published updated tax codes (P9X) for 2026-27 setting the UK Personal Allowance, PAYE thresholds, emergency code (1257L), and guidance for employers on how to apply new codes and prefixes. Essential for payroll compliance.
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
Budget 2025- OOTLAR: Tax legislation and rates (key changes)
Key legislative changes announced in Budget 2025 to take effect from 6 April 2026 include: removal of tax relief for non-reimbursed homeworking expenses, new rules for cancelled shift payments (subject to Income Tax), temporary easement for PHEVs to reduce benefit-in-kind for company cars; changes to voluntary National Insurance contributions for periods abroad, and reforms to salary sacrifice pension contributions above £2,000 including NICs.
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
Remote Gaming Duty rate increase from 21% to 40%
From April 2026 the Remote Gaming Duty (RGD) rate will be raised from 21 % to 40 % affecting all remote gaming activities including online casinos, bingo, sports betting, targeting the growing remote gambling sector to increase tax contributions.
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
Voluntary National Insurance contributions for periods abroad
From 6 April 2026 the UK will remove the option for individuals abroad to pay voluntary Class 2 National Insurance contributions; new applications for voluntary Class 3 contributions for periods abroad will require a minimum of 10 continuous years UK residency or qualifying contributions. This affects those living abroad seeking to build State Pension entitlement.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Proposed Regulations for Clean Fuel Production Credit (REG-121244-23)
IRS Notice of Proposed Rulemaking REG-121244-23 outlines rules for determining eligibility, emissions rates, registration, certification, and credit transfer under the Clean Fuel Production Credit enacted by the Inflation Reduction Act and amended by the One, Big, Beautiful Bill Act. Affects clean fuel producers, related parties, and excise tax registrants. Comments due April 6, 2026; public hearing set for May 28, 2026. ([irs.gov](https://www.irs.gov/irb/2026-09_IRB?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
Tax code changes for winter payment recovery via PAYE for those with income over £35,000
From April 2026, HMRC will automatically adjust PAYE tax codes to recover the full Winter Fuel Payment (England, Wales, Northern Ireland) or Pension Age Winter Heating Payment (Scotland) for individuals whose total income exceeds £35,000. The charge applies via PAYE and those affected will be notified via updated tax codes in early April; Self Assessment returns for 2025-26 must include the 2025 winter payment.
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
IRS issues Rev. Proc. 2026-8 on Group Exemption Letters for Tax-Exempt Organizations
Finalized revenue procedure Rev. Proc. 2026-8 updates application and maintenance requirements for group exemption letters under §501(c), including minimum number of subordinate organizations, clarified affiliation and supervision standards, and establishes a transition period ending January 22, 2027. Failure to adapt may risk loss of group exemption status for subordinate entities.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 2, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Capital Gains Tax: Non-Resident Capital Gains
Amendments to the NRCG rules include treating each cell of Protected Cell Companies individually for the property richness test; clarifications on when non-UK individuals must make double tax treaty claims. These changes affect companies from 1 April 2026 and individuals from 6 April 2026, with some definitions effective from 26 November 2025. ([gov.uk](https://www.gov.uk/government/publications/capital-gains-tax-non-resident-capital-gains/non-resident-capital-gains?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Consultation on the Income Tax Regulation 105 Waiver Process
CRA has launched a consultation (published in April 2026) to explore simplifying the process for non-residents to obtain waivers from the 25% withholding tax under Regulation 105; aims include reducing administrative burden and introducing digital solutions for waivers; impacts non-resident service providers, contractors, performers; may change timelines and requirements.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Japan
Status requires verification
消費税簡易課税制度の適用時期及び届出期限の改正
簡易課税制度への移行に際し、2割特例・3割特例の適用を受けた法人等が簡易課税制度を選択する場合の届出期限が、適用を受ける課税期間の申告期限までに提出できるよう改正された。令和8年分以後の消費税について適用。
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: India & South Asia
Status requires verification
Notification No. 97/2026 - Income-tax (Third Amendment) Rules, 2026
Introduces **Form ITR-BN** and inserts Appendix IV in Rule 332 to govern returns in cases of search/requisition; effective 1 April 2026 (AY 2026-27).
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Alcohol Excise Duty Relief Extended by Two Years
Effective April 1, 2026, the Government of Canada has extended for two more years both: the 2 % cap on the inflation adjustment for alcohol excise duties (beer, wine, spirits); and the 50 % reduction on excise duty rates for the first 15,000 hectolitres of beer brewed in Canada. These extensions reduce cost pressures for small brewers and keep inflation-linked excise duty increases modest.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source