The Low Incomes Tax Reform Group (LITRG) has published a report highlighting payroll errors in workplace pension tax relief, warning that confusion between Net Pay Arrangements (NPAs) and Relief At Source (RAS) schemes may be leading to incorrect tax relief, employer PAYE non-compliance, inaccurate HMRC data and risks to the government's forthcoming low-earner pension top-up scheme.
HM Treasury is inviting representations from stakeholders ahead of the 2026 Autumn Budget on 28 October 2026. The portal for representations closes on 9 September 2026.
HMRC have released Employment-Related Securities (ERS) Bulletin 67, which focuses on accessibility improvements to the ERS end of year templates, guidance and technical notes from 6 April 2027.
A recent update to HMRC's Business Income Manual appears to cast doubt on the deductibility of interest incurred on borrowing used to fund capital withdrawals from a business, even where the proprietor's capital account remains in credit.
The Chancellor, John Healey, has announced that the 2026 Budget will be presented on Wednesday, 28 October 2026.
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Highlights this week include news on gaps in self-employed National Insurance records, two GAAR advisory panel opinions, and an update from HMRC on the cases it is reviewing under the Corporate Criminal Offences rules. We also cover two cases, one of which involves a Home Loan scheme that was effective for Inheritance Tax (IHT) purposes.
Up to 800,000 self-employed taxpayers could be affected by gaps in their National Insurance record that may impact their State Pension entitlement. HMRC have started writing to those potentially affected, offering an opportunity to review and correct missing qualifying years.
The number of live cases being reviewed under the Corporate Criminal Offences (CCO) legislation has decreased slightly in the last six months, while no further charging decisions have been secured.
In Elborne & Ors v HMRC [2026] EWCA Civ 894, the Court of Appeal (CoA) agreed with previous tribunals that an Inheritance Tax (IHT) Home Loan scheme was valid. The value of a settled property within a deceased’s estate could be reduced for IHT purposes by an associated loan note as it was not caught by the relevant anti-avoidance legislation.
In Wensley Stock & Ors v Neal & Anor [2026] EWHC 1823 (Ch), the High Court (HC) found that royalty payments received by a family settlement established by the creator of Thomas the Tank Engine were capital rather than income for trust law purposes. The dispute centred on how royalties arising from an assigned right to receive publishing royalties should be treated within the trust, and whether trust law principles overrode the wording of the settlement.
