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Construction Industry Scheme Administration Improvements

HM Revenue & Customs is simplifying the Construction Industry Scheme (CIS) administration, effective April 6, 2026. Key changes include exempting payments to local authorities and requiring nil returns when no subcontractors are paid.

Consultation on Extending Uncertain Tax Treatment Regime

HM Revenue & Customs has launched a consultation proposing to extend the Uncertain Tax Treatment (UTT) regime. The proposal aims to capture more legal interpretation uncertainties across various taxes and apply to wealthy individuals and trusts with tax advantages over £5 million. The consultation closes on June 4, 2026.

Company Tax Returns Consultation

HM Revenue & Customs has launched a consultation on modernising and standardising company tax returns. The consultation seeks feedback on proposed delivery timescales and enforcement mechanisms for prescribed content, format, and data tagging of Corporation Tax computations, as well as mandatory online filing of amendments. The consultation closes on June 2, 2026.

Child Trust Funds: cETNs Banned from April 2026

HM Revenue & Customs has issued the Child Trust Funds (Amendment) Regulations 2026, which will ban cryptoasset exchange traded notes (cETNs) from being held in Child Trust Funds effective April 6, 2026. Existing holdings can remain in the account.

Tax Note: Power to Permit Regulations for 2024-2025 Tax Year

HM Revenue & Customs has updated the power to permit regulations for the 2024-2025 tax year. This measure allows new regulations made under the Finance Act 2024 to take effect retroactively and extends the expiration of the power to June 30, 2026. Regulations made will be subject to affirmative parliamentary procedure.

Finance Bill 2025-26 Report Stage Explanatory Notes

HM Revenue & Customs has published explanatory notes and tax information for government amendments to the Finance Bill 2025-26 at its report stage. These notes detail changes related to the abolition of the Lifetime Allowance and tax implications for certain pension interests and umbrella companies.

ISA Regulations Amended for Long Term Asset Funds and cETNs

HM Revenue & Customs has amended the Individual Savings Account Regulations 2026 to allow investments in Long Term Asset Funds and cryptoasset exchange traded notes (cETNs) within ISAs. These changes aim to extend investor choice while managing risks associated with digital finance.