Hello,
This week, a firm date finally lands for the Capital Goods Scheme simplification, agents get a timely steer ahead of the first round of MTD quarterly filings and HMRC admits to a calculation error that’s been running since 2010. Add a fresh consultation and Legislation Day's draft legislation, including new rules for taxing stablecoins from April 2027, and there is plenty to keep agents busy.
The government has published a second consultation on potential options to reform Land Remediation Relief (LRR). Proposals would change the timing of relief, align eligible contamination expenses with planning processes and update the rules for long-term derelict land.
HMRC have disclosed a long-running error in their systems that has led many pensioners to pay small amounts of excess tax. The issue dates back to 2010 and may have affected as many as 3.1 million pensioners in 2024-25. Affected taxpayers are invited to contact HMRC or, where possible, amend their Self Assessment tax return.
HMRC have published responses to its call for evidence, 'The Taxation of Stablecoins', which explored how this cryptoasset should be taxed for individuals and companies. Draft legislation has been published setting out the likely changes that will take effect from April 2027.
HMRC have published a special Making Tax Digital (MTD) edition of their Agent Update. We have summarised the key content, including reminders, videos and resources that you may find useful.
In Ben Everson v HMRC [2026] TC09933, the First Tier Tribunal (FTT) found that a payment under a compromise agreement with a whistleblowing employee was taxable as earnings. It did not matter why the payment was made; it arose from the termination of the employment, so only £30,000 was tax-free.
In Matthew Lambourne & Anor v HMRC [2026] TC09942, the First Tier Tribunal (FTT) held that a separate habitable unit was a chattel, not part of the land. Multiple Dwellings Relief (MDR) did not apply, but its value was not part of the chargeable consideration for Stamp Duty Land Tax (SDLT).
HMRC have confirmed simplification changes to the Capital Goods Scheme (CGS) will take effect on 29 July 2026. Computers will be removed from the scheme, while the threshold for land, buildings and civil engineering works will increase from £250,000 to £600,000.
Hello,
In last year’s Transformation Roadmap, HMRC set out their intention to become a digital-first organisation, with at least 90% of taxpayer and agent interactions taking place digitally by 2030. This week, a progress update was published, revealing that in 2025-26, 78% of taxpayer interactions with HMRC were through automated or digital self-serve channels, up from 76% in 2024-25.
HMRC have opened a consultation, 'Tackling lower value tax debts'. It sets out proposals to extend an existing enforcement power to recover lower-value tax debts directly from taxpayers' bank accounts where they have persistently failed to engage with HMRC.
