Scope: United Kingdom
Status requires verification
Fuel duty rates: 2026 to 2027
The UK government has extended the temporary 5 pence-per-litre cut in main fuel duty rates, which was due to expire on 23 March 2026, by delaying increases until end-August 2026. Afterwards, fuel duty will rise in stages on 1 September 2026, 1 December 2026, and 1 March 2027 to return gradually to pre-cut rates. This will reduce fuel tax for motorists immediately but requires budgeting for phased increases thereafter.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Electronic furnishing of payee statements for digital asset sales by brokers (IRS proposed regulations)
IRS proposed regulations (2026-13 Bulletin) seek to allow brokers to furnish payee statements (Form 1099-DA for digital asset proceeds) to customers electronically rather than on paper, as long as customer consent is obtained. Comments requested on expanding electronic furnishing requirements to other payee statements.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
IRS Internal Revenue Bulletin: Notice 2026-4 & Proposed Regulations on Electronic Furnishing of Payee Statements
The IRS has issued **proposed notice 2026-4** (in Internal Revenue Bulletin 2026-13, published 23 March 2026) seeking public comments on modifying requirements for brokers to furnish payee statements electronically, including Form 1099-DA Digital Asset Proceeds From Broker Transactions. These proposed regulations intend to allow electronic statements in lieu of paper if the customer consents. Affects reporting requirements for payers and for brokers of digital assets.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 23, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Notice 2026-4: Proposed Regulations on Payee Statements, Including 1099-DA Digital Asset Proceeds
IRS proposed regulations under Notice 2026-4 would allow brokers to furnish certain payee statements, including the new Form 1099-DA for digital asset proceeds, electronically with taxpayer consent. The notice solicits public comments and aims to update requirements for electronic furnishing of various payee statements.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 23, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Proposed regulations enabling electronic furnishing of Form 1099-DA statements and implementing Trump Accounts contribution pilot program under section 6434
These proposed regulations would allow brokers to furnish 1099-DA payee statements electronically in lieu of paper, define how Trump Accounts pilot contributions are made, election procedures, eligibility, and terms for growth period under new section 6434 of the Internal Revenue Code enacted by the One, Big, Beautiful Bill Act.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Proposed Regulations for Electronic Furnishing of Form 1099-DA (Digital Asset Brokers)
Through Notice 2026-4 and REG-105064-25, the IRS proposed rules enabling brokers and digital asset platforms to furnish Form 1099-DA statements electronically with customer consent, potentially expanding to others issuing payee statements; required comments to shape the final rule.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
IRS Seeks Public Comment on Proposed Voluntary Disclosure Practice Changes
The IRS has proposed revisions to its Criminal Voluntary Disclosure Practice (VDP), aiming to improve procedural clarity and make it more attractive for non-compliant taxpayers to come forward voluntarily. Key proposed changes include reduced penalties, modernization of procedures, and enhanced incentives to resolve past noncompliance. Public comments must be submitted by March 22, 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 22, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Final regulations for entities wholly owned by Indian Tribal governments under U.S. federal tax law
IRS issued final regulations clarifying that entities wholly owned by one or more Indian Tribal governments under §7701(a)(40) are not separate from their Tribal government for income tax purposes, but are separate entities for employment and excise tax purposes. Also, these entities qualify as instrumentalities for elective credit payment under section 6417. Effective for taxable years ending on or after March 20, 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Final regulations: Addition of unmarked vehicles used by firefighters, rescue squads, or ambulance crews to the definition of qualified nonpersonal use vehicles
The IRS issued final regulations effective March 20, 2026, adding unmarked vehicles used by firefighters, rescue squads, or ambulance crews to the category of qualified nonpersonal use vehicles. Under IRC §274(i) substantiation requirements (such as logs or travel records) are relaxed for these vehicles, as they are considered unlikely to be used more than minimally for personal purposes.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Internal Revenue Bulletin: Final regulations for qualified nonpersonal use vehicles (tax substantiation requirements)
These new final regulations redefine qualified nonpersonal use vehicles to include **unmarked vehicles used by firefighters, rescue squad, and ambulance crew members**. These vehicles are now exempted from the substantiation requirements for certain listed property under IRS rules. The change applies to taxable years ending on or after **March 20, 2026**, significantly reducing recordkeeping burdens for eligible governmental units and their employees.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Substantiation Requirements and Qualified Nonpersonal Use Vehicles Final Regulations
Final regulations under sections 132 and 274 clarify that unmarked vehicles used by firefighters, rescue squads, or ambulance crew members count as qualified nonpersonal use vehicles and are excepted from certain substantiation rules. This affects deductions for governmental units and their employees. The regulations became effective March 20, 2026, and apply to taxable years ending on or after that date. Filing and substantiation requirements for listed property are modified accordingly.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Final regulations: Substantiation requirements and qualified nonpersonal use vehicles
The IRS has issued final regulations, effective March 20, 2026, adding unmarked vehicles used by firefighters, rescue squad members, and ambulance crews to the definition of “qualified nonpersonal use vehicles.” These vehicles are now exempt from strict substantiation requirements under sections 274(d) and related provisions, easing recordkeeping burdens for eligible governmental units and personnel. This change applies to taxable years ending on or after March 20, 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Final regulations add unmarked vehicles used by firefighters, rescue squads, or ambulance crews as qualified nonpersonal use vehicles
The Department of the Treasury and IRS issued final regulations under sections 132 & 274 of the Internal Revenue Code stating that unmarked vehicles used by firefighters, rescue squads, or ambulance crews are newly categorized as "qualified nonpersonal use vehicles." These vehicles are excepted from certain substantiation requirements that apply to various listed property, easing administrative burdens for both employers (governmental units) and employees using these vehicles. Effective for taxable years ending on or after March 20, 2026.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Final regulations adding unmarked firefighter, rescue squad, or ambulance crew vehicles to qualified nonpersonal use vehicles
Final regulations (T.D. 10043, Internal Revenue Bulletin 2026-15) expand the definition of qualified nonpersonal use vehicles under sections 274 and 132 of the Code. As of March 20, 2026, **unmarked vehicles** used by firefighters, rescue squad, or ambulance crew members are treated like marked emergency vehicles for purposes of exemptions from substantiation requirements. This benefits governmental units providing such vehicles and those employees using them. ([irs.gov](https://www.irs.gov/irb/2026-15_IRB?utm_source=openai))
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Final Regulations: Qualified Nonpersonal Use Vehicles under § 1.274
As of March 20, 2026, unmarked vehicles used by firefighters, rescue squad or ambulance crews owned or leased by governmental units are added to the definition of qualified nonpersonal use vehicles, exempting them from the substantiation requirements of section 274(d). This means such vehicles need not meet the same documentation burdens as other “listed property” when personal use is de minimis.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
IRS: Tax Withholding Estimator now reflects changes under the One, Big, Beautiful Bill
The IRS updated its Tax Withholding Estimator to include deductions and credits under the One, Big, Beautiful Bill—such as no tax on tips, no tax on overtime, qualified car loan interest, and the enhanced deduction for seniors. This lets taxpayers more accurately estimate withholding given the new law. Effective immediately (March 18, 2026).
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 18, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
IRS announces Tax Withholding Estimator now reflects changes under the One, Big, Beautiful Bill
The IRS updated its Tax Withholding Estimator (March 18, 2026) to incorporate significant changes from the One, Big, Beautiful Bill Act—such as no tax on tips, overtime, car loan interest, and an enhanced deduction for seniors. This allows taxpayers to more accurately adjust withholding to match new deductions and credits for tax year 2025 and anticipate 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 18, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
First-time Home Buyers’ GST/HST Rebate (FTHB GST/HST Rebate) now available
The Government of Canada is now accepting applications for the First-time Home Buyers’ GST/HST Rebate, under which eligible first-time buyers entering an agreement on or after March 20, 2025 on new or substantially renovated homes may be eligible for a full or partial rebate of GST (or federal portion of HST), up to $50,000, depending on home value. Max rebate for homes ≤ $1,000,000; phase-out up to $1.5 million. Owner-built homes or purchases from builder must meet completion and agreement timeline requirements. Applies retroactively to constructions or agreements meeting those conditions. Effective immediately with CRA now accepting applications.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 17, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Consultation on the possibility of introducing a domestic content requirement as part of the Clean Electricity investment tax credit and the Clean Technology investment tax credit
A public consultation has been opened to explore adding **domestic content requirements** under Canada's Clean Electricity and Clean Technology investment tax credits. The government is seeking feedback through March 13, 2026. If implemented, entities claiming these credits might need to use Canadian-made materials or equipment to qualify, affecting supply chain sourcing, cost, and compliance strategy. Implications include alignment with procurement rules, verifying country of origin, and preparing for added administrative burden. This links to broader 'Buy Canadian' initiatives and tensions with U.S. practices. ([canada.ca](https://www.canada.ca/en/department-finance/programs/consultations/2026/consultation-on-possibility-introducing-domestic-content-requirement-part-clean-electricity-investment-tax-credit-clean-technology-investment-tax-credit.html?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 13, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Legislation to make life more affordable receives Royal Assent (Bill C-4), Canada
Bill C-4, the Making Life More Affordable for Canadians Act, received Royal Assent on March 12, 2026. It implements major tax measures including lowering the first marginal federal income tax rate from 15% to 14% (benefiting nearly 22 million Canadians), introducing GST rebates for first-time home buyers, and permanently removing the federal consumer fuel charge.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Mar 12, 2026
- Verification
- Not recorded
Open cited source