- HMRC published draft guidance on a new advance tax certainty service for major UK investment projects, launching July 2026.
- The service offers binding tax certainty before significant investments, for projects with at least GBP 1 billion in expenditure.
- It covers corporation tax, VAT, stamp taxes, pay-as-you-earn, and the construction industry scheme.
- The draft guidance explains eligibility, application process, covered taxes, and financial thresholds, and may change before finalization.
- The guidance outlines first-year procedures, especially if demand exceeds HMRC capacity, and will be updated as the service develops.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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