- The UK Autumn Budget 2026 announced a temporary doubling of the bank surcharge, changes to capital allowances, modernisation of the distributions framework, and a new programme to simplify the corporate tax system.
- Confirmed measures include implementation of the Pillar Two Side-by-Side package, reform of the foreign permanent establishment exemption, modernisation of stamp taxes, and a new duty to correct errors in tax returns.
- VAT changes include expanded deeming rules for online marketplaces, a new zero-rate for donated medicines, and a roadmap for mandatory e-invoicing.
- Other business tax measures include a new mechanism for double tax relief on income from US LLCs and other reverse hybrids, a consultation on taxation of sovereign investment, and a reduction in the BADR lifetime limit with a new Founders’ Relief.
Source: bakermckenzie.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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