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HMRC SME Action Plan 2025-2028

HM Revenue and Customs (HMRC) has published its SME Action Plan for 2025 to 2028. The plan outlines government support for small and medium-sized enterprises, focusing on reducing barriers and increasing opportunities for them to engage with public sector supply chains. It sets out procurement spend targets and actions to enhance SME participation.

IRS Tax Credit Reporting Relief for 2023-2025

The IRS is providing reporting relief for Forms 3468 and 8835 for tax years 2023-2025. Taxpayers with over 200 forms can submit a single aggregated form with an attached PDF detailing each facility/property, addressing concerns about data import limitations under the Inflation Reduction Act.

IRAS Raids Over 20 Locations for GST Refund Fraud

The Inland Revenue Authority of Singapore (IRAS) conducted island-wide raids at over 20 locations, arresting one suspect and seizing evidence related to suspected Goods and Services Tax (GST) refund fraud. The operation targeted schemes involving fictitious purchases and inflated transactions, with businesses across Logistics and Wholesale Trade identified.

Singapore IRAS: Direct Tax Bills for 1 Million Taxpayers

The Inland Revenue Authority of Singapore (IRAS) will issue direct tax bills to approximately 1 million taxpayers starting mid-March 2026 under the Direct Notice of Assessment initiative. This aims to simplify the tax process for most individuals, who will no longer need to file a tax return. The notice also highlights that over $5 million in penalties were collected for late and non-payment for the previous tax year.

Singapore Cambodia Double Taxation Agreement Protocol Enters Force

Singapore and Cambodia's Second Protocol to their Double Taxation Agreement has entered into force on March 6, 2026. The protocol amends the agreement to incorporate Base Erosion and Profit Shifting standards and includes a new Article 28 on Entitlement of Benefits.

Mandatory GST InvoiceNow for All Businesses by April 2031

Singapore's Inland Revenue Authority (IRAS) will mandate all GST-registered businesses to use the InvoiceNow e-invoicing network by April 2031. This phased rollout, starting April 2028, aims to increase productivity and improve tax compliance through digital invoice submission. Transitional funding will be provided to offset onboarding costs.

Singapore-Taipei Tax Agreement Enters Force, Lowers Withholding Tax

Singapore and Taipei have entered into a new tax agreement that lowers withholding tax rates on cross-border income flows. This agreement, effective February 13, 2026, replaces a 1982 agreement and aims to enhance bilateral trade and investment.

Congress Must Authorize Section 122 Tariffs Under Trade Act

This analysis from the Tax Foundation argues that Congress must authorize tariffs imposed under Section 122 of the Trade Act, following a Supreme Court ruling. The article suggests that if Congress does not vote to approve these tariffs, they will expire after 150 days, potentially leading to a refreshing debate on trade policy.

Tax Policy to Lower Housing Costs by Expensing Residential Structures

The Tax Foundation proposes that policymakers consider expensing for residential structures as a federal tax policy to address housing supply shortages. This policy would allow developers to immediately deduct the cost of building new housing, contrasting with current law which requires deductions over 27.5 years.

Dividend Tax Rates in Europe

The Tax Foundation's analysis of dividend tax rates in 35 European countries for 2025 shows Ireland with the highest top rate at 51%, followed by Denmark at 42% and the UK at 39.35%. Estonia, Latvia, and Malta are noted as not levying dividend taxes.

NH Tax Amnesty Program Recovers $103.8M

The New Hampshire Department of Revenue Administration announced its 2026 Tax Amnesty Program generated $103.8 million in recovered tax revenue, exceeding its goal. The program offered eligible taxpayers a one-time opportunity to pay outstanding taxes without penalties and with a 50% reduction in interest.

GRA DTRD Retreat Strengthens VAT Compliance and Revenue Mobilization

The Ghana Revenue Authority's Domestic Tax Revenue Division held a management retreat to strengthen VAT compliance and revenue mobilization strategies. The retreat focused on achieving a GH¢163 billion target for the DTRD in fiscal year 2026 as part of the Authority's overall GH¢230 billion internal target.

Electronic Transfer Levy Repealed April 2025

The Ghana Revenue Authority has announced that the Electronic Transfer Levy (E-Levy) will be repealed effective April 1, 2025. This repeal signifies a removal of a specific tax measure that impacted electronic financial transactions.

VAT Registration Threshold Increased to GH₵750,000

The Ghana Revenue Authority has announced an increase in the VAT registration threshold for businesses dealing in goods from GH₵200,000 to GH₵750,000, effective January 1, 2026. This change is part of broader reforms under the Value Added Tax Act, 2025 (Act 1151), which also includes the abolition of the COVID-19 Health Recovery Levy and the VAT Flat Rate Scheme.

GRA Investigates Extortion Allegations Against Customs Task Force

The Ghana Revenue Authority (GRA) has initiated an internal investigation into allegations of extortion by officers of the Customs Division Task Force in the Ashanti Region. The Traders Advocacy Group Ghana (TAGG) reported instances where containers were intercepted and additional, allegedly unjustified, payments were demanded.

IRS Seeks Public Input on 2026-2027 Priority Guidance Plan

The IRS and Treasury Department are seeking public recommendations for guidance projects to be prioritized for the 2026-2027 fiscal year. The plan will identify tax issues to be addressed through regulations, rulings, and other administrative guidance, focusing on areas related to recent legislation and executive orders.

IRS Notice 2026-23

The IRS has issued Notice 2026-23, providing updated guidance on tax reporting requirements. This notice outlines new procedures and clarifies existing regulations for affected entities. The comment period for this notice is open until May 29, 2026.

Child Benefit Statistics 2025

HM Revenue & Customs has announced the upcoming release of Child Benefit statistics for 2025, detailing families and children claiming benefits by geographical location. The data, to be released on April 23, 2026, will include population counts at various administrative levels across the United Kingdom.

Arkansas Racing Commission Meeting Notice

The Arkansas Department of Finance and Administration announced that the Arkansas Racing Commission will hold a public meeting on February 26, 2026, at 11:00 a.m. in Little Rock. The notice provides the meeting location, parking instructions, and a livestream link for remote attendance.

February 2026 General Revenue Report

The Arkansas Department of Finance and Administration has posted the February 2026 General Revenue Report. This report provides an update on the state's revenue collections for the specified period.

West Memphis Office Closure for Maintenance

The Arkansas Department of Finance and Administration announced that its West Memphis State Revenue Office (DMV) was closed on February 19, 2026, due to required maintenance. The office was expected to reopen the following day, with other local revenue offices remaining open.

West Memphis Office Closure for Maintenance

The Arkansas Department of Finance and Administration announced that its West Memphis Revenue Office was closed for the remainder of February 18, 2026, due to required maintenance. The notice also provided a link for making appointments for future visits.

Mountain View Revenue Office Reopening

The Arkansas Department of Finance and Administration announced that the Mountain View Revenue Office will reopen on Tuesday, February 17, 2026, after being closed for critical maintenance. The office will resume normal operating hours.

IRS Denies Tax Exemption for 501(c)(4) Organization

The IRS has issued a final determination denying tax-exempt status to a 501(c)(4) organization. The organization failed to file a protest within the 30-day period following a proposed adverse determination. The IRS cited the organization's operations as a real estate management association funded similarly to a homeowners' association as the basis for denial.

IRS Denies Tax Exemption Under IRC Section 501(c)(3)

The IRS has issued a final determination denying tax-exempt status to an organization under IRC Section 501(c)(3). The organization failed to submit a protest within the 30-day period following a proposed adverse determination. As a result, donors cannot deduct contributions, and the organization must file federal income tax forms.

IRS Approval of Scholarship Procedures Under IRC Section 4945(g)(1)

The IRS has approved the scholarship procedures of a private foundation under IRC Section 4945(g)(1). This determination means that grants made under these approved procedures will not be considered taxable expenditures for the foundation and may not be taxable to the recipients if used for qualified educational expenses.

IRS Written Determination on Portability Election Extension

The IRS has issued a written determination granting an extension of time for a decedent's estate to make a portability election. This election allows a surviving spouse to utilize the deceased spouse's unused exclusion amount for estate tax purposes. The determination addresses the specific circumstances under which such an extension was granted.

IRS Written Determination: Extension for Entity Classification Election

The IRS has released a written determination granting an extension of time for an entity (X) to file Form 8832, Entity Classification Election. The entity inadvertently failed to timely elect to be classified as an association taxable as a corporation for federal tax purposes.

IRS Written Determination on Qualified Opportunity Fund Election Extensions

The IRS has issued a written determination granting relief under sections 301.9100-1 and 301.9100-3 for a taxpayer's late election to self-certify as a Qualified Opportunity Fund. The determination addresses the specific facts of a limited liability company that failed to file Form 8996 due to a misunderstanding of reporting requirements.

IRS Ruling on Inadvertent S Corporation Election Termination

The IRS has issued a written determination addressing an inadvertent termination of an S corporation election due to late Qualified Subchapter S Trust (QSST) elections. The ruling grants relief under Section 1362(f), allowing the corporation to retain its S corporation status.

IRS Written Determination on S Corporation Reorganization and Equity Grants

The IRS has released a written determination (PLR-112688-25) addressing a corporate reorganization involving an S corporation and subsequent equity grants to employees. The determination clarifies the tax treatment of these transactions, particularly concerning the S corporation status and the issuance of shares under employee compensation plans.

IRS Written Determination: Extension for Entity Classification Election

The IRS has released a written determination granting an extension of time for a foreign eligible entity to file an election to be treated as a disregarded entity for U.S. federal income tax purposes. This determination addresses the application of § 301.9100-3 for late entity classification elections.

IRS Written Determination: Extension of Time for Tax Elections

The IRS has issued Written Determination 202612008, granting an extension of time for a taxpayer to make a regulatory election to adopt a specific taxable year. The determination addresses the criteria for relief under §§ 301.9100-1 through 301.9100-3 of the Procedure and Administration Regulations.

IRS Final Rule on Nonpersonal Use Vehicle Substantiation

The IRS has issued final regulations defining qualified nonpersonal use vehicles. These regulations add unmarked vehicles used by firefighters or rescue/ambulance crew members as a new category of qualified nonpersonal use vehicles, exempting them from certain substantiation requirements. The changes affect governmental units and employees who use these vehicles.

IRS Corrects Estate Basis Reporting Rule

The IRS has issued correcting amendments to a final rule published in September 2024 concerning estate basis reporting under sections 1014(f) and 6035 of the Internal Revenue Code. These corrections address inadvertent overwrites in the previous language and are effective March 19, 2026.

IRS Updates to Form 8829 Instructions

The IRS has updated the instructions for Form 8829, used by taxpayers to calculate the deductible expenses for business use of a home. The updates clarify references on Line 11 and Line 17 of the form, specifically regarding student loan interest deductions and the use of the Line 11 Worksheet.

IRS Form 8850 No Longer in Use After 2025

The IRS has announced that Form 8850 will no longer be in use after December 31, 2025. This form was previously used to pre-screen employees for the Work Opportunity Tax Credit. The credit itself will not apply to employees beginning work after this date.

IRS Internal Revenue Bulletin 2026-13

The IRS published Internal Revenue Bulletin 2026-13, including proposed regulations on electronic furnishing of payee statements for digital asset sales by brokers and guidance on a new pilot program for child accounts. The bulletin also includes a notice requesting comments on modifying electronic furnishing requirements for brokers and other persons.

Wyoming DOR Tax Rate Changes and Legislative Updates

The Wyoming Department of Revenue's March 2026 Taxing Issues newsletter announces upcoming sales and use tax rate changes effective April 1 and July 1, 2026, in Laramie County, Casper, and Albany County. It also details legislative updates from the 2026 Budget Session, including the reorganization of use tax statutes into sales tax statutes.

Washington State Unclaimed Property Day Awareness

The Washington State Department of Revenue is promoting National Unclaimed Property Day on February 1st to encourage residents to search for and claim their lost money. The department processed over 389,000 claims and returned $182 million last year, with an estimated 33 million people in the U.S. having unclaimed property.

Working Families Tax Credit Applications Open

The Washington State Department of Revenue has opened applications for the 2025 tax year for the Working Families Tax Credit (WFTC). This program offers reimbursements of up to $1,330 and has already distributed over $491.4 million since its launch in 2023. This is the final year to apply for the 2022 tax year.

Auto Repair Owner Sentenced for Tax Theft

A Washington state auto repair business owner, Marlo Brown, has been sentenced to six months in jail for tax theft and filing a false tax return. She pleaded guilty to pocketing sales tax collected over four years and was ordered, along with her co-owner husband Phillip Brown, to pay back $36,875 to the state.

Working Families Tax Credit Applications Open Feb. 1

The Washington Department of Revenue is opening applications for the Working Families Tax Credit (WFTC) for Tax Year 2025 on February 1, 2026. Eligible individuals and families can receive up to $1,330, with applications also accepted for prior years 2022, 2023, and 2024.

Washington State Retail Sales Increase 3.9% in Q3 2025

The Washington State Department of Revenue reported that taxable retail sales increased by 3.9% to $63.4 billion in the third quarter of 2025 compared to the same period in 2024. This report details sales figures across various sectors and highlights performance in key counties and cities.

Vermont Tax Department Newsletter: Winter 2026

The Vermont Department of Taxes has issued its Winter 2026 newsletter, providing updates on tax year 2025 forms and instructions, reminders from Taxpayer Services, and information on business income tax form set seminars and FAQs. The newsletter also encourages subscriptions to future updates.

Vermont Current Use Applications Transition to myVTax Portal

The Vermont Department of Taxes is transitioning its Current Use application processing from the eCuse platform to the myVTax taxpayer portal. This change aims to streamline submissions for new applications, transfers, agricultural certifications, and forest management reports, offering enhanced convenience and faster processing for taxpayers and officials.

Vermont Personal Income Tax Returns Accepted Jan 26, Deadline April 15

The Vermont Department of Taxes announced that it will begin accepting personal income tax returns for tax year 2025 on January 26, 2026, with a filing deadline of April 15, 2026. The announcement also highlights expanded tax credits and exemptions for Vermonters, including increased child tax credits, expanded earned income tax credits, and new exemptions for Social Security and military retirement benefits.

Vermont FY2027 Education Tax Rate Forecast

The Vermont Department of Taxes has released its FY2027 education tax rate letter, forecasting an average increase of 11.9% for resident homeowners and the non-homestead tax rate. This projection is based on state law calculations and collaboration among state agencies. The letter highlights concerns about the cumulative impact of tax increases on families and seniors.

Vermont Dept of Taxes Summer Newsletter 2025 Legislative Highlights

The Vermont Department of Taxes has released its Summer 2025 Newsletter, highlighting recent legislative changes and upcoming events. The newsletter includes information on tax law updates, a tax symposium scheduled for October 21, 2025, and a new guide for restaurants.

Nebraska General Fund Receipts - February 2026

The Nebraska Department of Revenue has published the General Fund Receipts for February 2026. This notice provides a monthly update on the state's revenue collections.