UK and International Tax news
Finance Bill 2026-27 – Draft Legislation For Consultation
Tuesday 21st July 2026
HMRC have published draft legislation for technical consultation before the 2026-27 Finance Bill is introduced in Parliament.
For most of the measures announced, HMRC have issued a tax information and impact note setting out what the policy seeks to achieve, with a summary of the expected impacts, draft legislation, and an explanatory note which provides a more detailed guide to the legislation.
Measures announced cover, in particular, the following:
- EMI schemes and simplification of the process to grant options
- ISAs and compliance package
- Introduction of the side-by-side package and amendments to multinational and domestic top up taxes
- Reform of the foreign PE exemption
- Securities transfer tax and modernisation of stamp taxes on shares
- Cryptoasset loans and liquidity pools
- Tax treatment of stablecoins
- Changes to reporting BIKs from April 2027
- Modernising the correction of errors
In addition, consultation documents have been issued on the following:
- Aligning the time limits for recovery of NICs with income tax
- Reforming land remediation relief
- Simplifying treaty relief from withholding tax on interest paid overseas
- Introduction of electric VED
- Cryptoasset taxation and stablecoins
- Modernising stamp taxes on shares and the 1.5% charge
- Reforming the customs treatment of low value imports into the UK
- Tax treatment of predevelopment costs
The technical consultation period will close on 7 September 2026.
If you would like more detail on any of the above, please contact Keith Rushen on 0207 486 2378.
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