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MTD Income Tax Scheme Eligibility for Sole Traders and Landlords

HMRC published guidance on the Making Tax Digital for Income Tax scheme, which introduces mandatory digital record-keeping and quarterly reporting for sole traders and landlords. The scheme is being phased in based on income thresholds: those with qualifying income over £50,000 must comply from 6 April 2026, with lower thresholds following in subsequent years.

Adjusting Self-Employment and Property Income for MTD

HMRC has published guidance on Making Tax Digital (MTD) for Income Tax, explaining how self-employed individuals and property income owners should adjust their digital records before submitting their Tax Return. The guidance covers claiming reliefs and allowances such as the Trading Income Allowance and Rent-a-Room Relief (up to £7,500), making tax adjustments to remove non-allowable expenses, and accounting adjustments for prepayments and accruals.

Welsh MTD guidance creating digital income records

HMRC published Welsh-language guidance on creating digital records for Making Tax Digital for Income Tax. The guidance explains how self-employed individuals and property businesses must create and store digital records of income and expenses using MTD-compatible software, submit quarterly updates to HMRC, and maintain digital links between record-keeping and submission software.

Making Tax Digital Income Tax guide for sole traders

HMRC published guidance on Making Tax Digital for Income Tax requirements for sole traders and landlords. The new digital reporting system will be introduced in stages based on qualifying income thresholds: those with income over £50,000 must start quarterly digital reporting from April 2026, with subsequent thresholds of £30,000 from April 2027 and £20,000 from April 2028.

IDOR On-Site Vehicle Tax Payment Services at Chicago DMV

The Illinois Department of Revenue (IDOR) announced a new on-site vehicle tax payment service at the Secretary of State's Chicago Flagship Center (125 W. Monroe St.). Customers can now complete both tax payment and vehicle title/registration steps in a single visit during IDOR service hours (Monday–Friday, 7:30 a.m.–5:00 p.m.). Payments are accepted via cash, check, money order, debit card, or credit card.

Arkansas General Revenue Report Published

The Arkansas Department of Finance and Administration posted its monthly General Revenue Report for March 2026 on April 2, 2026. The report tracks state revenue collections against monthly and yearly projections. No regulatory changes or compliance obligations are associated with this informational posting.

Louisiana Couple Arrested for Felony Tax Fraud

The Louisiana Department of Revenue announced the arrest of William T. Lewis and Jill A. Lewis of Madisonville, LA, for felony tax fraud. The couple allegedly submitted false amended state income tax returns claiming wages and withholding from a nonexistent employer for tax years 2021 through 2024, stealing $50,700 in fraudulent refunds and attempting to steal an additional $32,113. Each defendant faces 11 counts of filing false public records, 11 counts of computer fraud, nine counts of theft, and two counts of attempted theft.

State Sales Tax Revenue Totaled $4 Billion in March

Texas Comptroller of Public Accounts reported state sales tax revenue totaled $4 billion in March 2026, representing a 10 percent increase over March 2025. Revenue growth was driven by strong business spending in wholesale trade, construction, mining, and manufacturing sectors, while retail trade showed its largest monthly gain since June 2022.

MTD for Income Tax Screening Equality Impact Assessment

HMRC published a Screening Equality Impact Assessment for Making Tax Digital (MTD) for Income Tax. The assessment demonstrates how equality considerations are integrated into HMRC's decision-making processes for MTD implementation. The document examines potential impacts on customers with protected characteristics under the Equality Act 2010.

Form 3468 Energy Credit Correction

The IRS issued a correction to the 2025 Instructions for Form 3468 (Investment Tax Credit for Energy Property) affecting pages 20 and 21. The correction adds limited exceptions for qualifying geothermal and solar energy property within the applicable percentage tables for Part VI, Section A (Line 1b) and Section B (Line 3b). Taxpayers who filed before March 27, 2026 may file an amended return to apply the corrected percentages.

2026 State Tax Data Compares All 50 States Across 40+ Measures

The Tax Foundation released its annual Facts & Figures 2026 publication comparing all 50 states across 40+ tax measures including rates, collections, and burdens. The handbook, distributed to state legislators and governors since 1941, provides an interactive web tool and downloadable PDF for comparing state tax data. This is the latest edition of a long-standing reference resource for taxpayers, policymakers, and researchers analyzing state tax competitiveness.

Georgia Income Tax Cut and Property Tax Reform Analysis

Tax Foundation published analysis of Georgia's HB 1116 and SB 476, which propose a reduction of the state income tax rate to 4.99%, raising the standard deduction to $50,000-$100,000, and implementing a 3% property tax levy limit. The analysis questions the policy approach, arguing that property tax elimination would reduce tax code efficiency and that full income tax elimination could harm the economy by taxing business inputs.

Nebraska Personal Property Return Deadline May 1, 2026

The Nebraska Department of Revenue issued a reminder that personal property returns and schedules are due on or before May 1, 2026. All businesses with tangible personal property in Nebraska must file these reports annually with their county assessor. The filing deadline applies to Form 941 or Form 941P depending on the property type.

5% Income Tax Rate Cut

West Virginia Tax Division announces implementation of SB 392, a 5% income tax cut codified as W. Va. Code § 11-21-4j. The rate reduction is effective June 12, 2026 and retroactive to January 1, 2026, affecting all West Virginia individual taxpayers and requiring updated employer withholding tables.

Alcoholic Products Producer Approval Requirements

HMRC guidance specifies that from 1 February 2025, all producers of alcoholic products must hold an Alcoholic Products Producer Approval (APPA). Producers include those manufacturing beer, cider, wine, spirits, or other fermented products, as well as those whose activities alter alcohol by volume or product classification. Packagers of bulk alcoholic products do not require an APPA but may need excise warehouse approval.

Waiver of Estimated Tax Penalties for Farmers and Fishermen

The IRS issued Notice 2026-24 waiving estimated tax penalties under IRC § 6654 for qualifying farmers and fishermen for the 2025 taxable year. The waiver addresses delayed Form 8995 software updates—IRS corrected the form on January 27, 2026, but compliant software was unavailable until February 23, 2026. Qualifying taxpayers must file returns and pay full tax by March 2, 2026 (the extended deadline) to claim the penalty relief.

VAT Import One Stop Shop Scheme Intermediary Service Availability Issues

HMRC published guidance on the VAT Import One Stop Shop (IOSS) scheme for intermediary services, providing updates on service availability and known issues affecting the online portal. This informational guidance affects businesses involved in cross-border e-commerce imports to the UK and the EU. The page serves as a reference point for operational status and troubleshooting information.

Vaping Duty Stamps: Dimensions, Security and Purchase Requirements

HMRC published guidance on vaping duty stamps effective 1 April 2026, establishing physical and digital stamp requirements for vaping products sold in the UK. Stamps measure 18mm x 42mm and come in wet (coils of 20,000) and dry (boxes of 1,000+) formats. Only approved purchasing operators may buy stamps from the appointed supplier, with 3-month purchase limits set by HMRC.

Vaping duty £2.20 per 10ml, how to pay

HMRC published guidance on 1 April 2026 explaining how to pay Vaping Products Duty, a new excise duty on vaping liquids. The flat rate is £2.20 per 10ml (22p per 1ml), applicable whether or not liquid contains nicotine. Manufacturers, importers, and warehousekeepers of vaping products in the UK must make monthly payments by the 15th of each month.

Vaping Products Duty and Vaping Duty Stamps Force of Law Notice

HMRC published a force of law notice establishing the new Vaping Products Duty regime under Part 4 of the Finance Act 2026. The notice provides legal text for vaping duty stamp requirements and related regulations. Manufacturers and importers of vaping products must comply with these provisions effective 1 April 2026.

Application Withdrawal for Excise Warehousekeeper

HMRC published guidance explaining the process for withdrawing an application to be an excise warehousekeeper for alcohol, tobacco, and vaping products. Applicants may withdraw via the Government Gateway online portal or by post if unable to use digital services. HMRC aims to review withdrawal requests within 45 working days.

Most US States Underfund Highways with Road Tax Revenues

Tax Foundation released research analyzing state highway funding sources for FY 2023. Only Maryland (92.2%) and New Jersey fully cover highway spending through road use taxes, while the remaining 48 states and D.C. rely on general fund transfers. Alaska has the lowest coverage at 17.4%, followed by North Dakota at 26.8%. The analysis examines how gas tax revenues erode due to inflation and electric vehicle adoption.

2025 Original Issue Discount (OID) Treasury Tables

The IRS has released the 2025 Original Issue Discount (OID) Tables for Treasury Instruments, available as a ZIP file containing Section I-C (Inflation-Indexed Debt Instruments), Section II (Stripped Components of U.S. Treasury and Government-Sponsored Enterprises), and Section III-A (Short-Term Treasury Bills maturing January 2025 through December 2026). These annual tables are used to calculate OID accruals for tax reporting purposes.

Liberation Day Tariffs: President Trump Tariffs & Trade Policy

Liberation Day Tariffs: President Trump Tariffs & Trade Policy

Hybrid Writing Down Allowance Calculator

HMRC published guidance and a calculator on 1 April 2026 to help entities determine their hybrid writing down allowance rate when accounting periods span the rate change from 18% to 14%. The hybrid rate applies separately to Corporation Tax (effective 1 April 2026) and Income Tax (effective 6 April 2026).

Secretary of State Entity Identification Numbers for Tax Filings

The California Franchise Tax Board issued guidance clarifying that the Secretary of State's new 12-digit alphanumeric entity identification numbers require only numeric digits for tax filings and payments. Taxpayers using software or FTB's Web Pay application must enter only the numeric portion, as the system will reject alpha characters, dashes, or spaces.

Correction to Individual Shared Responsibility Child Dependent Penalty Amount

The California Franchise Tax Board issued a correction to the Individual Shared Responsibility penalty amount for dependent children, raising it from $450 to $475 per child due to a rounding error in 2025 indexing. Updated penalty information has been posted to the personal health care mandate webpage, tax professionals webpage, and the individual shared responsibility penalty estimator.

Option to tax property when cancelling VAT registration

HMRC published guidance for businesses cancelling their VAT registration on disclosing option to tax information for land and buildings. Businesses must provide property addresses, land registry title numbers, purchase dates, and details of previous and subsequent owners when submitting their deregistration request.

Publication 1099 General Instructions for Information Returns

The IRS has converted the General Instructions for Certain Information Returns (Forms 1096, 1097, 1098, 1099, 3921, 3922, 5498, and W-2G) from standalone instructions to Publication 1099. This is a formatting reorganization that consolidates the instructions into a new publication format. The change affects employers, financial institutions, brokers, and other entities that file information returns for tax year 2026.

Education Tax Credit Scholarship Values for 2026-2027

The NH Department of Revenue Administration issued Technical Information Release 2026-001 announcing the adjusted allowable average value of Education Tax Credit scholarships for the 2026-2027 program year. The program year runs from July 1, 2026 through June 30, 2027. This routine annual adjustment updates scholarship values that participating businesses and nonprofits use to determine tax credit amounts under the Education Tax Credit Program.

Rateable value changes 2026 revaluation England Wales statistics

Rateable value changes 2026 revaluation England Wales statistics

MTD Income Tax Penalties Replace Self Assessment Rules

HMRC has published guidance on new penalties for Making Tax Digital for Income Tax, effective from April 2026. The new regime introduces a points-based late submission penalty system with a threshold of 4 penalty points triggering a £200 penalty, and introduces more proportionate late payment penalties based on payment timing. Taxpayers must submit quarterly updates by 7 August, 7 November, 7 February, and 7 May each year.

Advance Pricing Agreement Annual Report

The IRS APMA Program published its 27th annual report covering calendar year 2025. The program received 178 new APA applications and executed agreements covering 2,676 APAs. APMA maintains 108 staff across Washington DC, California, Florida, Boston, Chicago, Denver, New York City, and Seattle offices.

Texarkana Revenue Office Closure Due to Water Damage

The Arkansas Department of Finance and Administration announced the temporary closure of the Texarkana Revenue Office starting March 30, 2026, due to water damage from a broken pipe. The agency advises affected taxpayers to use other area offices operating under normal hours. This is an operational notice with no regulatory changes.

LDR New Orleans regional office relocates to OMV building

The Louisiana Department of Revenue announced relocation of its New Orleans regional office from Benson Tower to the Office of Motor Vehicles building at 100 Veterans Boulevard, effective April 13, 2026. Walk-in taxpayer services continue unchanged at the new location with hours of 8 a.m. to 4 p.m., Monday through Friday.

HMRC Assist provides feedback for Making Tax Digital users

HM Revenue & Customs (HMRC) has published information about HMRC Assist, a digital feedback service for Making Tax Digital users. The service provides tailored guidance based on software submissions for Making Tax Digital for Income Tax Self Assessment, helping users get their tax returns correct. This is an informational publication dated 30 March 2026.

Report a financial loss from the delay to the replacement credits service

HMRC published guidance on 30 March 2026 explaining that the National Insurance replacement credits service has been delayed until April 2027. Affected parents and carers who reached State Pension age from 6 April 2016 onwards may report financial losses caused by the delay through HMRC's complaints process. HMRC will calculate and make one-off payments from April 2027 when the replacement credits service opens.

Hawaii Tax Review Commission Meeting Agenda

The Hawaii Department of Taxation has issued the agenda for the Tax Review Commission meeting scheduled for April 1, 2026. The meeting will cover topics such as reviewing past minutes, discussing potential consultant studies, and procedural matters for hiring consultants.

Submit Childcare Evidence to HMRC

HM Revenue & Customs has published guidance on submitting evidence for Tax Free Childcare or Free Childcare for Working Parents applications. Applicants must submit requested evidence within 14 calendar days via an online form to avoid decisions being made on available information.

IRS Grants Use of Substitute Mortality Tables for Pension Plans

The IRS has granted a request from Taxpayer to use plan-specific base substitute mortality tables for computations under section 430 of the Internal Revenue Code for Aggregated Group 2. This approval is effective for up to 5 plan years beginning January 1, 2026, and applies to male and female participants.

IRS Grants Use of Substitute Mortality Tables for Pension Plan

The IRS has granted a request from Taxpayer to use plan-specific base substitute mortality tables for Plan 1, effective for up to 5 plan years beginning January 1, 2026. This approval is for male and female participants and is based on updated mortality experience data, including data from merged plans.

Tax Election Extension Request for Treaty Sourcing Rule

The IRS has issued a written determination granting an extension of time for taxpayers to make a treaty election under section 865(h)(2)(A). This allows taxpayers to treat certain capital gains from the sale of foreign stock as foreign source income, potentially reducing their U.S. tax liability.

IRS Ruling on Income Excludability and Deductible Contributions

The IRS has issued a Private Letter Ruling (PLR-111952-25) addressing the income excludability of a taxpayer under section 115(1) and the deductibility of contributions. The ruling details the taxpayer's organizational structure, governance, funding sources, and compliance with state and federal ethics and financial reporting requirements.

IRS Written Determination 202613001 - Proposed Transaction Rulings

The IRS has issued Written Determination 202613001, providing rulings on the federal income tax consequences of a proposed transaction involving a tribal entity. The transaction includes the formation of corporations under the Oklahoma Indian Welfare Act and subsequent asset transfers and liquidations.

IRS Written Determinations Index Published

The IRS has published its weekly index of written determinations, including rulings, technical advice memoranda, and Chief Counsel advice, for the week ending March 27, 2026. This index is arranged by Code section and provides reference numbers for requesting specific documents, which cannot be used as precedent.

Employer Contributions to Section 530A Trump Accounts

The IRS has provided guidance on employer contributions to new Section 530A Trump Accounts, established by the One Big Beautiful Bill Act of 2025. Employers can contribute up to $2,500 annually per employee or dependent, which is excluded from taxable earnings. Further guidance on non-discrimination rules is anticipated.

UK Pensions Law Digest: Pension Schemes Bill, IHT, PPF, TPR Updates

This UK pensions law digest summarizes recent developments including House of Lords amendments to the Pension Schemes Bill, updates on Inheritance Tax legislation, Pension Protection Fund levy rules for 2026/27, and new guidance from the Pensions Regulator. It also covers consultations on simplified pension advice and reporting standards.

Tax Incentives Review for Renewable Energy Sector Changes in Brazil

Mayer Brown has released an analysis of Brazil's Complementary Law No. 224/2025, which revises tax incentives for the renewable energy sector. The new law presents challenges for investors and developers, impacting project viability and financial structuring.

Publication 531 Not Revised for Tax Year 2025

The IRS has announced that Publication 531 will not be revised for tax year 2025, as it is now a continuous use product. Taxpayers may be eligible for a deduction for qualified tips received in 2025, claimed on Schedule 1-A (Form 1040).

Correction to 2025 Form 8940 Instructions

The IRS issued a correction to the 2025 Instructions for Form 8940, specifically regarding Schedule Q, Line 7. Lines 7a through 7d were incorrectly added and have been removed, with the information consolidated into a single Line 7. This correction clarifies the requirements for demonstrating a subordinate organization's affiliation with a central organization.