To go straight to the articles in the latest edition please scroll down to the section(s) below that are of interest to you. For a preview of these articles, read the introduction to the latest edition from Sharon Baynham here:
The media headlines continue in the run-up to the Budget on 26 November and so once again we have a couple of articles in this edition that focus on what is shaping up to be the biggest political event this year. Our spotlight article covers an evidence session held by the Treasury Select Committee which considered tax policy options ahead of the Budget. Expert witnesses included economists from the Resolution Foundation and the Institute for Fiscal Studies. The discussion went much further than what the Chancellor should do next month, and highlighted areas of distortion in the tax system and how fundamental reform is needed in some areas. Our second article is a link to our own Tim Sarson’s latest column in CityAM which offers a pithy analysis of what taxes might rise in the Budget.
The Department for Business and Trade has published its second naming list of National Minimum Wage (NMW) failures which includes 491 employers and fines of £10.2 million. Our third article discusses the common failures identified in the report and how employers can put their best foot forward in light of the ongoing focus on NMW compliance.
In other news, we discuss an update to an HMRC Notice which adds more territories to their list of territories with qualifying income inclusion rules and qualifying domestic top-up taxes in relation to Pillar Two. HM Treasury has published guidance on Business Rates Multipliers for local authorities in relation to retail, hospitality and leisure hereditaments. The OECD has published a 10-year BEPS update and a voluntary framework for exchanging information on real estate. The Welsh Government has outlined the key decisions it is proposing to take in relation to Welsh taxes, and HMRC have revised their guidance on R&D Intensive SME Tax Relief for periods beginning before 1 April 2024.
Finally, we include our usual links to Indirect Tax Weekly Talking Points and our Week in Tax summaries of the key tax developments from around the world.
Tax matters for business
Articles of interest to businesses
Tax experts give their views on tax policy ahead of Budget 2025
Well-known tax experts give evidence to the House of Commons Treasury Committee in advance of Budget 2025
CityAM: These are the taxes Reeves will raise at the Budget
In his latest column for City AM, Tim Sarson explores what to expect from the upcoming Budget
Indirect Tax Weekly Talking Points – 29 October 2025
This week’s edition covers key UK and EU decisions, including a successful Nutella biscuit appeal and CJEU rulings on factoring & fees
Tax matters for employers
Articles of interest to employers
Tax experts give their views on tax policy ahead of Budget 2025
Well-known tax experts give evidence to the House of Commons Treasury Committee in advance of Budget 2025
CityAM: These are the taxes Reeves will raise at the Budget
In his latest column for City AM, Tim Sarson explores what to expect from the upcoming Budget
National Minimum Wage: a timely reminder of the cost of non-compliance
Employers can learn from errors identified in the latest naming round before the Fair Work Agency’s launch in April 2026
Tax matters for Individuals
Articles of interest to individuals
Tax experts give their views on tax policy ahead of Budget 2025
Well-known tax experts give evidence to the House of Commons Treasury Committee in advance of Budget 2025
CityAM: These are the taxes Reeves will raise at the Budget
In his latest column for City AM, Tim Sarson explores what to expect from the upcoming Budget
Other news in brief
- HMRC Notice on Pillar Two top-up taxes relevant territories and taxes updated
- New guidance on Business Rates Multipliers
- OECD publishes 10 year BEPS update and a voluntary framework for exchanging information on real estate
- Welsh Government outlines the key decisions it is proposing to take in relation to Welsh taxes
- HMRC Guidance Update: Clarification to R&D Intensive SME Tax Relief for periods beginning before 1 April 2024
International round up - Week in Tax
