Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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Massachusetts Sales Tax Break Could Boost Nantucket Affordable Housing Projects
A proposed sales tax exemption in Massachusetts could provide financial relief to affordable housing development projects in Nantucket, where high construction costs present significant barriers. By reducing the sales tax burden on materials or services related to qualifying affordable housing projects, the measure aims to incentivize development in one of the country's most expensive real estate markets. The tax break is positioned as a targeted policy tool to address local housing shortages, and its passage could serve as a model for other high-cost communities across the state.
Lawmakers reject FBR proposal to access bank account data
Pakistani lawmakers have rejected a proposal by the Federal Board of Revenue (FBR) to gain access to citizens' bank account data. The FBR had sought this access as part of efforts to broaden the tax base and improve compliance monitoring, but parliamentarians raised concerns over privacy rights and potential misuse of financial information. The rejection represents a significant setback for the tax authority's data-driven enforcement strategy. This dispute highlights ongoing tensions between revenue collection ambitions and civil liberties protections in Pakistan's tax administration reform agenda.
FBR proposes sales tax on 21 additional retail product categories
Pakistan's Federal Board of Revenue (FBR) has proposed extending sales tax to 21 additional retail product categories as part of efforts to broaden the tax base and increase government revenues. The move targets sectors currently operating outside the formal sales tax net. The proposal is part of wider fiscal reform measures aimed at improving tax collection efficiency and reducing reliance on a narrow set of taxable goods. If implemented, the expansion would significantly widen the scope of sales tax obligations for retailers across multiple product segments in Pakistan.
Guidance: Import Control System 2: service availability and issues
The UK's Import Control System 2 (ICS2) is a customs IT platform managing import declarations and safety/security data for goods entering Great Britain. This guidance page tracks service availability, outages, and known technical issues affecting the system. ICS2 is central to UK customs and trade compliance, directly impacting importers, freight forwarders, and customs agents who must submit entry summary declarations. Disruptions to ICS2 can delay customs clearance and affect duty assessments, making it a critical operational tool for businesses engaged in cross-border trade with the UK post-Brexit.
Form: Initial registration as a reporting fund (CISC1)
This UK HMRC form (CISC1) is used by collective investment schemes seeking initial registration as a reporting fund. Reporting fund status determines how UK investors are taxed on their returns — gains are taxed as income rather than capital gains if the fund fails to meet reporting requirements. Registration enables funds to distribute or report income annually, affecting the personal tax treatment of investors. This is relevant to fund managers and investors navigating the UK's offshore fund tax regime, with direct implications for personal income tax liability on fund returns.
France E‑Invoicing Reform: Decision Tree for Foreign Companies without a Fixed Establishment
France's e-invoicing reform introduces a decision tree framework to help foreign companies without a fixed establishment navigate compliance obligations. The reform, part of France's phased mandatory e-invoicing rollout, clarifies when and how non-established businesses must participate in the French e-invoicing and e-reporting system. The guidance addresses key questions around registration requirements, platform usage (Partner Dematerialization Platforms vs. the public portal), and reporting duties. This is particularly relevant for foreign entities conducting B2B transactions in France who need to determine their exact obligations under the new regulatory framework ahead of implementation deadlines.
PAYE rules for labour supply chains that include umbrella companies from 6 April 2026
From 6 April 2026, new UK PAYE rules will apply to labour supply chains involving umbrella companies. Under the changes, the deemed employer rules shift PAYE and National Insurance Contributions obligations up the supply chain, making recruitment agencies or end clients responsible for payroll tax compliance where umbrella companies are used. This aims to tackle non-compliant umbrella arrangements that facilitate tax avoidance. The guidance outlines how to identify the deemed employer, calculate PAYE, and report correctly, significantly impacting staffing agencies, contractors, and businesses using temporary labour through umbrella structures.
Notice: Notices made under the Taxation (Cross-border Trade) Act 2018
This UK government publication consolidates formal notices issued under the Taxation (Cross-border Trade) Act 2018, the primary post-Brexit legislation governing UK customs, tariffs, and trade remedies. These notices have legal force and cover matters such as tariff rates, customs procedures, trade remedy measures, and preferential trade arrangements. They are directly relevant to importers, exporters, and customs practitioners operating under the UK Global Tariff. The notices reflect ongoing updates to the UK's autonomous trade and customs framework following its departure from the EU customs union and single market.
Peshawar Enforcement raises Rs2.9b from confiscated gold, silver & foreign currency in FY2025-26
Pakistan's Peshawar Enforcement collectorate raised Rs2.9 billion in fiscal year 2025-26 through confiscation and auctioning of smuggled gold, silver, and foreign currency. The enforcement action highlights customs authorities' crackdown on illicit cross-border flows of precious metals and undeclared foreign exchange. Revenue generated from seized contraband contributes to Pakistan's customs receipts, underscoring the role of enforcement operations in bolstering government finances and combating smuggling that undermines formal trade and tax compliance frameworks.
Introducing the 2026 Croatian VAT Guide
A 2026 Croatian VAT guide has been introduced, providing comprehensive guidance on VAT compliance requirements in Croatia. The guide covers key aspects of the Croatian VAT framework, including registration obligations, rates, filing requirements, and compliance procedures relevant for businesses operating in or trading with Croatia. As an EU member state, Croatia's VAT system aligns with EU VAT directives while maintaining country-specific rules. The guide serves as a practical resource for multinational businesses and tax professionals navigating Croatian VAT obligations, reflecting any legislative updates or regulatory changes taking effect in 2026.
Guidance: Child Trust Fund providers guidance
HMRC guidance for Child Trust Fund providers covers the regulatory and tax-advantaged framework governing these savings accounts for children born between 2002 and 2011. Child Trust Funds are tax-exempt savings vehicles, meaning providers must adhere to specific rules regarding contributions, transfers, and withdrawals to maintain their tax-advantaged status. The guidance addresses provider responsibilities including account management, reporting obligations, and compliance requirements. This is relevant to personal savings taxation and the administration of tax-privileged accounts in the UK, making it pertinent to personal income tax policy and financial product regulation.
Case Study: A Taxually Alternative for Amazon FBA VAT Compliance in Germany, Poland, and the Czech Republic
This case study examines hellotax as an alternative to Taxually for Amazon FBA sellers managing VAT compliance in Germany, Poland, and the Czech Republic. It highlights the challenges e-commerce sellers face with multi-country VAT registration, filing, and reporting obligations across these markets. The article compares features, pricing, and service quality between the two platforms, focusing on automation of VAT returns, fiscal representation, and OSS (One Stop Shop) registration support. It targets Amazon FBA merchants seeking cost-effective and reliable VAT compliance software solutions for Central European markets.
76 Country Profiles on E-Invoicing, E-Reporting, E-Transport, SAF-T Mandates, and ViDA Initiatives
A comprehensive resource compiling 76 country profiles covering e-invoicing, e-reporting, e-transport, SAF-T mandates, and VAT in the Digital Age (ViDA) initiatives across global jurisdictions. The profiles provide a comparative overview of each country's current regulatory status, implementation timelines, and technical requirements for digital tax reporting obligations. This reference tool is designed to help businesses and tax professionals understand the rapidly evolving global landscape of digital compliance mandates, enabling cross-border planning and ensuring readiness for jurisdiction-specific requirements across multiple regions and regulatory frameworks.
Briefing document & Podcast: E-Invoicing & E-Reporting in Lesotho
A briefing document and accompanying podcast covering e-invoicing and e-reporting developments in Lesotho. The content outlines Lesotho's current framework and regulatory requirements for digital tax reporting, providing businesses operating in or with Lesotho an overview of compliance obligations. As African nations increasingly adopt digital tax administration tools, Lesotho's approach to e-invoicing reflects broader regional trends toward real-time or near-real-time transaction reporting to tax authorities, aimed at improving VAT collection efficiency and reducing the tax gap through enhanced data visibility.
Poland KSeF Self Billing: Who Really Owns E-Invoicing, E-Reporting and Compliance?
Poland's KSeF (Krajowy System e-Faktur) self-billing framework raises important questions about ownership of e-invoicing, e-reporting, and compliance responsibilities. The article examines who bears accountability when self-billing arrangements are in place under the mandatory KSeF system, exploring the roles of buyers, suppliers, and intermediaries. As Poland prepares for mandatory KSeF implementation, clarity on self-billing governance is critical for businesses to ensure compliance, avoid penalties, and correctly manage structured invoice data within the national e-invoicing infrastructure.
Making an entry summary declaration
This UK government guidance covers the requirements for making an entry summary declaration (ENS) for goods entering Great Britain. It details the customs pre-arrival safety and security obligations, including who must submit declarations, timing requirements, and the information needed. The ENS is a key customs compliance requirement under UK trade law, relevant to importers, carriers, and freight forwarders managing cross-border goods movements into the UK. Non-compliance can result in goods being held or refused entry, making this a critical customs and trade document for businesses engaged in international trade with the UK.
Substantial additional VAT assessments for tablet and phone traders not too high
A court upheld substantial additional VAT assessments imposed on traders dealing in tablets and phones, ruling the amounts were not disproportionately high. The case involved traders found to have under-reported VAT liabilities, likely in connection with supply chain fraud or under-declaration of sales. The ruling confirms tax authorities' right to levy significant additional assessments in sectors prone to VAT carousel or missing trader fraud, reinforcing that penalties and back-taxes in the electronics trading sector will be scrutinised but not automatically reduced on proportionality grounds.
Comments on T-184/25 (A) – Management of Securitised Mortgages is Taxable
This article comments on case T-184/25 (A), examining whether the management of securitised mortgages constitutes a taxable supply for VAT purposes. The court found that such management services do not qualify for the VAT exemption typically applied to financial services, rendering them taxable. The ruling has significant implications for securitisation vehicles and servicers, as it narrows the scope of VAT exemptions in mortgage management and may increase VAT costs for financial institutions involved in securitisation structures across EU jurisdictions.
Policy paper: Temporary reduced rate of VAT for children's meals, tickets and family attractions
This UK government policy paper outlines a temporary reduced rate of VAT applicable to children's meals, tickets, and family attraction admissions. The measure represents a targeted VAT relief aimed at reducing costs for families accessing leisure and hospitality services. The policy details the scope of qualifying supplies, the applicable reduced rate, and the time-limited nature of the relief. Businesses in the hospitality, tourism, and entertainment sectors need to understand eligibility criteria to correctly apply the reduced VAT rate and ensure compliance with HMRC requirements during the applicable period.
False Invoices, VAT Credit Denial and Income Tax Consequence
This article explores the dual tax consequences of false invoicing: denial of input VAT credits and additional income tax implications. When businesses use fictitious or fraudulent invoices, tax authorities not only disallow VAT deductions but also treat the inflated or fabricated expenses as non-deductible for corporate income tax purposes. The piece highlights how false invoicing schemes trigger compounding tax liabilities across both VAT and income tax regimes, exposing businesses to significant financial penalties, interest charges, and potential criminal liability for tax fraud.
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