Hello,

The world of tax never sleeps, and this week’s larger-than-normal SME tax news brings several very important updates for agents. These include HMRC’s proposals for enhanced reporting of transactions between close companies and their owners, the Royal Assent of Finance Act 2026, and a proposal to bring individuals, trusts and additional taxes within the scope of the Uncertain Tax Treatment (UTT) regime.

Hello,

We have a varied update for you this week. We delve into Stamp Duty Land Tax in the context of a towpath beside a dwelling, the meaning of ‘deliberate’ behaviour, pre-registration input VAT and its interaction with the partial exemption rules, the future of Income Tax devolution in Wales and much more.

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In Tuesday’s Spring Forecast, the Chancellor kept her promise of making no major tax or spending policy announcements, in line with the government’s commitment to hold only one significant fiscal event a year, at the Budget.

The Chancellor, Rachel Reeves, presented the Spring Forecast on 3 March 2026. In a statement to the House of Commons, she responded to the Office for Budget Responsibility's (OBR's) interim update on the economy and public finances.

Hello,

This week brings a mixture of practical updates, policy developments and cautionary tales for advisers and businesses navigating an increasingly complex tax landscape.