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The latest updates to David Brookes Venture Capital Tax Reliefs commentary are now live for subscribers. Key points covered in this update are as follows:
The latest update to our VAT annual is now live for subscribers. This update includes new commentary on the new VAT relief for businesses donating to charities (para 6.2); and the removal of the linked goods concession (para 12.4).
The latest update to our Stamp Taxes annual is now live for subscribers. Examples have been updated throughout the commentary to reflect the new tax year. The update also includes new commentary on the following:
The latest update to the Making Tax Digital Tracker is now live for subscribers. This content has been updated throughout to reflect the mandation of MTD IT for the first taxpayers in April 2026, the publication of final regulations and updated directions and new guidance from HMRC. In particular, chapter C3 has been updated to include more information on the various exemptions from MTD IT, and a new section C3.3.4 added on what happens when a business incorporates.
Chapters E1 and E2 have also been updated to reflect the mandation of MTD IT and the closure of HMRC’s testing programme.
The latest update to Law and Regulation of Tax Professionals is now live for subscribers.
This update includes new commentary reflecting legislation included in FA 2026 which strengthens HMRC’s powers to deal with perceived unacceptable conduct by tax agents, and introduces a mandatory requirement for tax advisers to register with HMRC. See Chapters 2 and 3.
The latest update to our Income Tax annual is now live for subscribers. All rates and allowances, together with examples, have been updated for the 2026/27 tax year. This update also includes the following points:
The latest update to our CGT annual is now live for subscribers. This update includes commentary on the following:
The latest update to Capital Allowances: Transactions and Planning is now live for subscribers. Key points covered in this update include the following:
Our Tax Rates and Tables content has been updated to reflect the provisions of Finance Act 2026.
Finance Act 2026 extends the freeze on the personal allowance and basic rate limit for a further three years, until 2030/31, while increasing the dividend ordinary and upper rates to 10.75% and 35.75% respectively from 6 April 2026. The Act also introduces new tax rates for property and savings income from 6 April 2027, with both the property and savings basic, higher and additional rates to be set at 22%, 42% and 47%, respectively. For further details, see Chapter 1. For information on the extended freezes to national insurance contributions thresholds, see Chapter 14.
A new 40% first year capital allowance is also introduced for main rate expenditure incurred on or after 1 January 2026, while the main rate writing down allowance is reduced from 18% to 14% with effect from 1 April 2026 for corporation tax and 6 April 2026 for income tax – see Chapter 10.
Outside of Finance Act 2026, Making Tax Digital for Income Tax mandation is now in effect for sole traders and landlords with qualifying annual income over £50,000. Further information on the new reporting requirements is provided in Chapter 6.
The latest set of Tax Case Summaries are now live for subscribers. This includes the decision in Innovative Bites Limited v HMRC [2026] UKFTT 500 (TC), an appeal that concerns whether a food product called "Mega Marshmallows" was standard-rated. In 2022, the First-tier Tribunal in decision [2022] UKFTT 352 (TC) determined that the product was not confectionery in the ordinary sense. However, the Court of Appeal [2025] EWCA Civ 293 held that the FTT had failed to address the specific issue of whether the product was "sweetened prepared food which was normally eaten with the fingers" and remitted that question to a differently constituted First-tier Tribunal to determine. The parties are agreed that the product is "sweetened prepared food", so the narrow issue in the appeal was whether the product was "normally eaten with the fingers". If it was, then it is standard-rated as HMRC contend; if it is not, then it is zero-rated and the Appellant succeeds.
The latest update to Taxation of Employments is now live for subscribers. This comprises updates to the following chapters: 1, 2, 3, 4, 5, 6, 7, 8, 10, 11, 12, 15, 16, 17, 20 and 21. The remaining chapters will follow in a forthcoming update. Key updates include the non-domicile regime and remittance basis (section 2.9) has been replaced by the Foreign Income and Gains (FIG) regime (section 12.8), changes to the limitations on the classes of shares over which SAYE options (16.24 (l)) or CSOP options (16.25) or EMI options (16.93) can be granted, and in July 2025 new umbrella company legislation was introduced giving joint and several liability on the umbrella, the agency and potentially the end client regarding the liability to PAYE/NIC on payments to workers (18.159 and 19.24).
The latest update to Rayney’s Tax Planning for Family and Owner-Managed Companies is now live for subscribers. This includes updated dividend tax rates, updated Employment NIC thresholds and rates, and commentary on BPR for qualifying shareholdings amended to reflect business owners/shareholders now only having 100% Business Property Relief (BPR) on eligible shareholdings (including non-voting ordinary or preference shares) and other qualifying business assets up to £2.5 million of value (tested on a lifetime basis from 6 April 2026).
The latest update to our Inheritance Tax Annual is now live for subscribers. A summary of the material updated can be found here. This includes Expanded commentary on a transitional GWR rule following the change to a residence-based IHT regime (from a domicile-based one) (para 7.33); a summary of the FTT decision in Hosking v HMRC [2026] UKFTT 406 (TC) where the FTT dismissed the appeal; and reference to the valuation of cryptoassets for IHT purposes.
The Fifth Edition of Agricultural Law is now available for subscribers.
This title provides comprehensive guidance on all aspects of the law governing agricultural property. It provides detailed coverage not only of farm tenancy law and land tenure, but also of the law governing land use.
The book covers agricultural tenancies, tied cottages, planning law, the legal implications of farm diversification, the Basic Payment Scheme and post-Brexit agricultural policy development in both England and Wales. It also discusses management agreements for promoting nature conservation, and the environmental regulation of rural land use.
The Fifth Edition has been updated to include an examination of:
This book is essential reading for all professionals involved in agricultural property work, including lawyers, land agents, agricultural valuers and surveyors, as well as for students of estate management and property law.
The April update of International Succession Laws is now live for subscribers. Issue 86 contains a new chapter B2: Belgium, plus general update of the following chapters: A5: Austria, B4: Bermuda, C2: Canada, C8: Cyprus, I1: India, N4: New Zealand, P1: Panama, P3: Portugal, S1: Saudi Arabia and T3: Turkey.
The latest set of Tax Case Summaries are now live for subscribers. This includes the decision in MWL International Ltd & Anor v Revenue and Customs [2026] UKUT 62 (TCC) where HMRC were not stopped from retrospectively collecting NICs despite earlier agreement with company about pool cars. Also included is Best Cosmetics Limited v HMRC [2026] UKFTT 236 (TC). The Appellant appealed two post-clearance demand notices in the total amount of £320,251.68, for VAT which HMRC assert was unpaid and unaccounted for in relation to goods imported into the UK by the Appellant between 28 January 2022 and 4 February 2023.
The latest update to A–Z of Business Tax Deductions is now live for subscribers. This update includes a brand new Chapter 7 on ‘Making Tax Digital for Income Tax Self Assessment’ - a significant reform in the way self-employed individuals and property owners report income to HMRC.
The latest update to Small Company Financial Reporting is now live for subscribers. This includes updates to reflect the change in company and group size thresholds, which take effect for accounting years commencing on or after 6 April 2025. It also includes additional material in Chapter 22 to clarify the new on-balance sheet lease accounting treatments, and the inclusion of the February 2026 amendments to UK and Ireland accounting standards in respect of adapted formats following the publication of IFRS 18 Presentation and Disclosure in Financial Statement.
The latest update to IR35 and Off-Payroll Working is now live for subscribers. Some key changes include the Joint and Several Liability legislation introduced in April 2026 (Chapter 4) which will have a significant impact on supply chains involving agencies and umbrella companies. Chapter 3 on the agency legislation has also been amended to take into account the interesting case of Tyler Security Limited v HMRC in which a dog handling security was deemed an agency.
The latest update to Employee Share Schemes is now live for subscribers. Chapter 8 has been updated to reflect the proposals announced in the Autumn Budget to increase the availability of EMI options to growth companies. These changes will, in the main, take effect from 6 April 2026, subject to enactment of the Finance (No.2) Bill. Chapter 4 on the Establishment and Operation of Schemes has also been updated.
The latest update to our Income Tax Annual is now live for subscribers. Content is updated in line with the provisions of the latest Finance Bill including:
The latest update to the Corporation Tax Annual is now live for subscribers.
The commentary is up to date with the provisions of the latest Finance Bill, including:
The latest update to our Capital Gains Tax Annual is now live for subscribers.
This update takes into account the provisions of the latest Finance Bill. Commentary has also been added to reflect the recent decision in Murphy & Ors v HMRC [2025] UKFTT 1503 (TC).(para 5.65)
The February update of Planning and Administration of Offshore and Onshore Trusts is now live for subscribers. Issue 91 contains a new chapter titled AA7: Protectors as well as a general update of the following chapters - A4: Comparison of International Vehicles, A6: Global Information Exchange and Transparency, AA6: Litigious Matters, B5A: India, B7: Israel, D1: The Bahamas, D2: Bermuda, and D8: Hong Kong.
As of Issue 91, Emily Deane TEP (Technical Counsel & Head of Government Affairs at STEP) has also joined as an Editorial Board Member. She has said the following regarding her involvement with the project - “I am delighted to be joining the Editorial Board of Planning and Administration of Offshore and Onshore Trusts. I look forward to working with fellow experts and contributing to the ongoing development of insights in this important area of trust law and practice.”
The latest set of Tax Case Summaries are now live for subscribers. This includes the decision in Wood Group Engineering (North Sea) Ltd v Revenue and Customs [2025] UKFTT 1607 (TC) where the company was a ‘host employer’ so secondary NICs were payable on earnings paid in respect of employed earners. Also included is Akin Kog v HMRC [2026] UKFTT 40 (TC), which was an appeal against a personal liability notice ("the PLN") which was issued by HMRC to the Appellant for a deliberate failure to account for VAT on the sale of a property by a company that he was a director of on which the option to tax had been exercised.
The latest update to Agricultural, Business and Heritage Property Relief is now live for subscribers. This update includes a fully updated Chapter 16, which contains coverage of the threshold increase to £2.5 million for 100% relief on combined qualifying agricultural and business property. Also new cases including Marks (executor of Hilda Marks) v HMRC [2024] UKFTT 706 (TC), which considered the availability of BPR against a holiday letting enterprise (9.14).
The latest update to Property Taxes is now live for subscribers. This product has been extensively restructured by Graeme Connell of K3 Tax Advisory to follow the property ownership life-cycle. Technical details and examples have been updated for tax year 2025/26 and any known changes as at 31 October 2025.
The latest update to our Trusts and Estates annual is now live for subscribers. A summary of updated material can be found in the Front matter section of this commentary. They include references to the announcement on 23 December 2025 that the £1m allowance has been increased to £2.5 million when it is introduced in April 2026.
The latest update to Tax Rates and Tables is now live for subscribers. This edition has been updated to reflect measures announced in the Autumn Budget of November 2025 and changes proposed in Finance Bill 2025-26. Coverage includes the freeze on the personal allowance and basic rate limit for a further three years. The Bill also introduces new tax rates for property and savings income from 6 April 2027, with both the property and savings basic, higher and additional rates to be set at 22%, 42% and 47%, respectively. For further details, see Chapter 1. For information on the extended freezes to national insurance contributions thresholds, see Chapter 14. The Autumn Budget also confirmed that any unused allowance from the new allowance for the 100% rate of agricultural and business property relief will be transferable between spouses and civil partners (Chapter 9).
The latest quarterly update to our Inheritance Tax Annual is now live for subscribers. This update reflects announcements in the Autumn Budget 2025 and the subsequent Finance Bill such as commentary on the extension of the ‘non-excluded overseas provisions to UK agricultural property (paras 1.18 and 1.19). A full summary of the updated material can be found here.
The latest version of our Law and Regulation of Tax Professionals commentary is now live for subscribers. A number of chapters have been updated, including the ones dealing with the Mandatory Disclosure Rules (formerly DAC6); Criminal Investigations and Prosecution; and Negligence and the Tax Professional.
The latest update to our Stamp Taxes annual is now live for subscribers. This update reflects changes laid out in Finance Bill 2026. Commentary is also added based on recent case law decision on the application of market value rules between connected companies (para 4.33) and a decision on garden or grounds (para 4.59).
The latest update to Buy-to-Let Property Tax Handbook is now live for subscribers. This update includes new commentary on the inheritance tax change from a domicile-based regime to a new residence-based regime, and on new restrictions to business property relief and agricultural property relief (Chapter 14). It also includes changes to the rates of CGT (Chapter 12) and commentary on the abolition of the furnished holiday lettings regime, including anti-forestalling rules and transitional provisions (Chapter 6).
The latest update to our VAT annual is now live for subscribers. This includes commentary reflecting changes to rules governing businesses donating goods to a charity (para 10.41); and the legislative change to stop taxi and private hire business from using the Tour Operators Margin Scheme (TOMS) (para 37.9).
The latest quarterly update to Rayney’s Tax Planning for Family and Owner-Managed Companies is now live for subscribers. This update includes commentary on important recent cases, including Beard v CRC [2025] EWCA Civ 385T, concerning overseas dividends – para 9.15, and Quillan v HMRC [2025] UKFTT 421 (TC), concerning overdrawn Directors’ loans whereby the tribunal held that a loan can only be released under a formal deed of release or some other conclusive act – para 16.10.
The latest quarterly update to our National Insurance Contributions Annual is now live for subscribers. Commentary has been updated throughout to reflect the latest changes to rates and thresholds. A summary of the separate points updated can be found here.
The latest update to Making Tax Digital Tracker is now live for subscribers. This content has been updated throughout to reflect the latest Autumn Budget 2025 announcements, Finance Bill measures and new HMRC guidance. In particular, updates to the late filing and late payment regimes (B5 and C5) and the soft landing announced at the Budget (new C5.1.5), the addition of a new C1.2.4.4 covering record keeping relaxations and extensive updates to chapter C3 covering MTD IT deferrals and exemptions.”
The latest set of International Tax Treaties are now live for subscribers. The following treaties have been updated:
The latest set of Tax Case Summaries are now live for subscribers. This includes the decision in Cotton v Revenue and Customs [2025] UKFTT 1398 (TC), where a taxpayer was not self-employed so was ineligible for payments under the Coronavirus self-employment income support scheme. Also included is W M Morrison Supermarkets Limited v HMRC [2025] UKFTT 1542 (TC). The Appellant operates a well-known supermarket chain and appealed against a number of assessments as a result of HMRC's decision that the sale of whole cool-down rotisserie chickens was liable to VAT at the standard rate. The total amount of VAT in issue is £17,034,932.
The January update of International Succession Laws is now live for subscribers. Issue 85 contains a general update of the following chapters: G7: Greece, G8: Guernsey, I1: India, L1: Lebanon, N5: Northern Ireland, S7: Spain.
Issue 53 of Payroll Management is now live for subscribers. This includes Autumn Budget 2025 announcements, recent developments in the Employment Rights Bill’s progression through Parliament, and other general updating and revision. Some key chapters that have been updated are as follows - Chapter 3: The Legal Framework, Chapter 12: Payroll Law, and Chapter 27: Automatic Enrolment. A full list of chapter updates can be found in the ‘In this Issue – Issue 53, December 2025’ section.
The latest update to Partnership Taxation is now live for subscribers. This update includes a new Appendix offering a simplified and consolidated explanation of the old basis period rules – Appendix 7. It also contains new case summaries including Alison Moss v HMRC [2025] concerning joint ownership – 1.13, Craig Burley v HMRC [2025] on assignment of partnership rights – 1.65, and Mark Wallace v HMRC [2025] concerning tax payable by a non-resident partner on their share of profits of a number of film partnerships – 20.5.
The latest update to Incorporating and Disincorporating a Business is now live for subscribers. This update includes updated commentary and examples on changes in capital gains tax rates (5.3) and business asset disposal relief rates (5.4), as well as commentary on changes to inheritance tax business property relief and agricultural property relief (7.10). It also includes recent case law summaries including Cox, Executors of the late v Revenue and Customs [2020] UKFTT 442 (TC) and Tanner, Executors for the Estate of v Revenue and Customs [2025] UKFTT 328 (TC) (business property relief) (7.13).
The latest update to Capital Allowances: Transactions and Planning 2025/26 is now live for subscribers. This update includes commentary to reflect new HMRC guidance on Real Estate Investment Trusts (REITs) claiming the first year allowance (FYA) or Annual Investment Allowance (AIA) (4.54) and coverage of new guidance on the qualifying activities for the annual investment allowance for groups of companies and unincorporated businesses (14.77 to 14.79).
The latest set of Tax Case Summaries are now live for subscribers. This includes the decision in Places for People Homes Limited v HMRC [2025] UKFTT 1417 (TC), where this appeal concerned the VAT treatment of supplies made by various maintenance trust companies ("the MTCs") in respect of 25 blocks of flats. Also included is Ahya v Revenue and Customs [2025] UKFTT 1232 (TC) where a taxpayer’s reasons for late appeal were not satisfactory explanations for delay so application to make late appeal was refused.
The government has announced that from 6 April 2026, the threshold for 100% Agricultural Property Relief (APR) and Business Property Relief (BPR) will increase from £1 million to £2.5 million per estate, following feedback from farmers and businesses on reforms introduced at the November Budget 2024.
This change means spouses or civil partners can pass on up to £5 million in qualifying agricultural or business assets tax-free, in addition to existing inheritance tax allowances. Assets above the threshold will continue to receive 50% relief.
The move will halve the number of estates affected by the reforms, ensuring that around 85% of estates claiming APR will pay no additional inheritance tax. The amendment will be introduced from April 2026 and will be reflected in forthcoming updated content available to subscribers to Bloomsbury Professional’s online content.
The latest version of Rayney’s Tax Planning for Family and Owner-Managed Companies is now live for subscribers. This commentary is up to date with all the relevant legislative changes up to September 2025, as well as new practical points, emerging case law including PD & MJ Ltd [2025] UKUT 94 (TCC) and Butler and Others v HMRC [2023] UKFTT 00872 (TC). Readers are also advised to reference the valuable planning checklists at the end of each chapter.
The latest update to our Inheritance Tax Annual is now live for subscribers. This includes further commentary on the excluded property provisions for non-settled overseas property (para 2.1), and Commentary on an exception from the GWR charge in relation to the variation of insurance policy benefits and premiums in certain limited circumstances (para 7.22). The full list of updated material can be found here.
The latest update to the Income Tax Annual for subscribers. This update includes reference to the points-based system for MTD for ITSA with effect from 6 April 2026 (paras 2.46 and 2.49), and updated commentary on Class 1 NIC contributions (para 7.35).
The latest update to Tax on Termination of Employment is now live for subscribers. This new update includes commentary on the application of the new FIG regime in FA 2025 to constituent elements of the scheme on termination payments (1.86A - 1.86B, 2.9A) and updated definition of 'foreign service' in context of the foreign service exemption and foreign service reduction for the end of the remittance basis in FA 2025 (20.132 and 20.132A). It includes new cases such as HMRC v Professional Game Match Officials Ltd (PGMOL) [2024] UKSC 29 (clarification of law establishing employment status) (1.10A - 1.10D) and Pettigrew v HMRC [2018] UKFTT 240 (example of compromise agreement treated as earnings) (5.111A).
The latest update to Busy Practitioner is now live for subscribers. This features an in-depth summary of the Budget provisions and an article summarising the HM Treasury documents setting out the government’s support of entrepreneurs and seeking views on the effectiveness of existing tax incentives for entrepreneurs to start, grow, and keep companies in the UK.
The latest edition of Principles of International Taxation is now live for subscribers. This 10th Edition is again fully updated to cover significant developments, including increasing compliance and administration costs, including through digitalisation that is expected to bring benefits but will create new layers of complexity for businesses, especially in relation to the use of Artificial Intelligence (AI). It also contain progress on the G20/OECD BEPS 2.0 including Pillar One and the use of unilateral digital services taxes, and the Global Anti-Base Erosion Model Rules (Pillar Two) and its implementation challenges as well as recent developments in tax transparency, including new reporting obligations such as the OECD Crypto-Asset Reporting Framework (CARF) and the Global Reporting Initiative.
The latest update to our Capital Gains Tax annual is now live for subscribers. This update includes a summary of the decision in Weis v HMRC [2025] EWHC 2479 Admin (para 5.13), and commentary added to reflect new HMRC guidance on RDR1 for the FIG regime post 5 April 2026 (para 5.11).
The latest set of Tax Case Summaries are now live for subscribers. This includes the decision in DDK Projects Limited v HMRC [2025] UKFTT 1251 (TC) where the Appellant appealed to the FTT against two penalties totalling £25,307.98 for late payment of VAT due for the quarter ending 31 January 2024 arguing that it had a reasonable excuse. Also included is Mainpay Ltd v Commissioners for HM Revenue And Customs [2025] EWCA Civ 1290 where subsistence expenses reimbursed by Umbrella Company were not deductible from workers’ earnings as each workplace was a permanent one.
The latest update to our Corporation Tax Annual 2025/26 is now live for subscribers.
The updates include reference to capital allowance guidance on freeports (paras 3.7 and 8.4), and a note about interest rate changes for late corporation tax payment (chapter 23).
The latest update to Trusts and Estates 2025/26 is now available for subscribers. This update includes a note about updated DOTAS guidance (para 6.6); commentary amended to reflect a minor TRS relaxation for certain trusts (para 3.10); and a noted following the failure of the appeal in Haworth v HMRC, 2024 UKUT 58 TCC (para 5.10).
The latest edition of Schwarz on Residence and UK Taxation (formerly known as Booth and Schwarz on Residence and Domicile) is now live for subscribers. This fully revised 22nd edition critically analyses the wholesale reform of residence and domicile of individuals and related connecting factors in Finance Act 2025. Some key updates within this edition include comprehensive treatment of the following key topics: Resolution of dual residence after Oppenheimer v HMRC and McCabe v HMRC, residence for the additional rate of Stamp Duty Land Tax on non-residents, and usual place of abode for deduction of tax at source.
After all the rumours, and what seemed like a never ending build up (and a very unfortunate release of the OBR report just prior to the Chancellor standing up), Rachel Reeves delivered her Budget statement on 26 November. The main tax measures include:
There will be more detail to come in the days and weeks ahead, and of course these will be reflected in updated content available to subscribers to Bloomsbury Professional’s online content.
The latest update to our Making Tax Digital Tracker is now live for subscribers. This content has been updated throughout to ensure alignment with HMRC terminology. Chapter C3 has been updated extensively to reflect the release of further information on the MTD IT digital exclusion exemption criteria and process, including the introduction of a new section C3.4.2.7 on the treatment of those already exempt from MTD for VAT.
The latest update to Group Accounts under UK GAAP is now live for subscribers. This new update includes updates to reflect the impact of the FRC’s periodic review amendments to UK and Ireland accounting standards and updates to the companies and group size thresholds to reflect the increase for accounting years commencing on or after 6 April 2025. It also includes updated examples throughout.
The September update of Planning and Administration of Offshore and Onshore Trusts is now live for subscribers. Issue 90 contains a general update of the following chapters - A6: Global Information Exchange, AA1: Taking on a Trust, A2: Uses of an Offshore Trust, B8: Italy, B14: Switzerland, E6: Cyprus, E12: Mauritius and E5: Cayman Islands.
The latest update to Employee Share Schemes is now live for subscribers. This 10th Edition includes a rewritten Chapter 3 that reflects the revised Investment Association Principles of Remuneration published in October 2024 and the revised Corporate Governance Code which took effect on 1 January 2025. Revisions have also been made to Chapter 22 to reflect the abolition of the remittance basis of tax and changes to overseas workday relief.
