Carried Interest Is Now Trading Income: What HMRC’s July Reminder Means for PE CFOs and Fund Executives
HMRC’s latest Agent Update is not subtle. Buried among the usual operational noise is a clean restatement of something every […]
Capital Goods Scheme Changes on 29 July 2026: Why the £600,000 Threshold and Computer Exit Matter for Every CFO with Property Capex
From 29 July 2026, the UK Capital Goods Scheme gets its first meaningful simplification in years. Computers drop out of
NHS Ayrshire v HMRC [2026] UKUT 00258 (TCC): Why a Mental Health Bedroom Wing Failed VAT Zero-Rating — and What Every CFO Building Care or Clinical Facilities Must Check Now
On 7 July 2026 the Upper Tribunal dismissed NHS Ayrshire and Arran Health Board’s appeal on VAT zero-rating for construction
FRS 102 Just Changed How You Recognise Revenue on Long-Term Contracts. Here Is What Actually Matters.
If you run a business that delivers work over months rather than moments — construction, engineering, professional services, software builds,
Tax & Accounting
Finance Act 2026: The New 40% First-Year Allowance, the 14% WDA, and What Every CFO Must Recalculate Now
The 2026 capital allowances regime is fully in force: a new 40% first-year allowance from 1 January 2026, a reduced 14% main pool WDA from April, and unchanged full expensing at 100%. The interaction between them has changed the value of every capex decision you make — here is the hierarchy, the claw-back risks, and eight CFO actions before your next capital budget.
Tax & Accounting
The US LLC Double-Taxation Trap: HMRC’s Reverse Hybrid Consultation Closes 31 July — Six CFO Actions Before the Deadline
HMRC’s consultation on US LLCs and reverse hybrid entities closes 31 July 2026. Effective tax rates exceeding 75% for UK-resident individual members. Six CFO actions before the deadline — including mapping LLC exposures, quantifying costs, and responding to HMRC.
Tax & Accounting
PAC Report July 2026: £21 Billion Under Investigation, a £600 Million Pillar 2 Gap, and Seven CFO Actions Before HMRC’s Posture Hardens
The Public Accounts Committee’s July 2026 large business tax compliance report reveals £21bn under international investigation, a £600m annual Pillar 2 shortfall from the US exemption deal, and a decade-old enforcement regime that has never been used. Here is what it means for CFOs — and seven actions to take now.
Tax & Accounting
HMRC’s Expanded Transfer Pricing and Profit Diversion Compliance Facility: What Every Multinational CFO Must Do Before ICTS Changes the Game
HMRC has expanded its Transfer Pricing and Profit Diversion Compliance Facility, replacing Diverted Profits Tax with UTPP and broadening scope to all significant transfer pricing risks. With the International Controlled Transactions Schedule arriving in 2027, the window to act on favourable terms is narrowing. Here is what every multinational CFO needs to do now.
Tax & Accounting
HMRC’s New Advance Tax Certainty Service Is Live: What the £1 Billion Binding Clearance Regime Means for Every CFO Planning a Major UK Investment
HMRC’s Advance Tax Certainty Service launched on 1 July 2026, offering binding statutory clearance on Corporation Tax, VAT, SDLT, PAYE and CIS for major UK investment projects over £1 billion. Here is what every CFO with large capex in the pipeline needs to know — including the process, the limitations, and seven actions to take now.
Tax & Accounting
HMRC v Align Technology Switzerland GmbH [2026] UKUT 00256 (TCC): When VAT Exemptions Get Reclassified — and What Every CFO Selling Medical or Dental Products Must Do Now
On 7 July 2026, the Upper Tribunal ruled that Invisalign clear aligners are not dental prostheses and are standard-rated for VAT. HMRC v Align Technology Switzerland GmbH [2026] UKUT 00256 (TCC) reverses the FTT’s opposite conclusion and creates immediate obligations for any business that relied on the earlier decision. Here is what every CFO in healthcare, dental, medical devices, or life sciences must do right now.