2026–27—Fiscal events including Budget

Copyright © 2026 LexisNexis

This subtopic draws together content on the fiscal events for 2026–27, starting with the Spring Forecast on 3 March 2026.

For more information on the Budget and Finance Bill processes, as well as the fiscal timetable more generally, see Practice

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Tax News

FTT allows recovery of pre-registration input tax by reference to post-registration use (Aspire in the Community Services Ltd v HMRC)

Tax analysis: In Aspire in the Community Services Ltd v HMRC, the First-tier Tax Tribunal (FTT) decided that, when HMRC allows a partly exempt person to treat as input tax VAT on costs incurred before the effective date of VAT registration (EDR), it is how the costs are used after the EDR which matter because that is the effect of the statutory legislation.

FTT sets aside discovery assessments for being out of time because inaccuracy was not deliberate (Outram and another v HMRC)

Tax analysis: In Outram and another v HMRC, the First-tier Tax Tribunal (FTT) allowed the taxpayers’ appeals against discovery assessments issued to disallow trading losses claimed under an ineffective avoidance scheme. The FTT found that the assessments, which relied on deliberate behaviour, were out of time.

UT partly allows appeal but upholds disallowance of the compensatory element of an early redemption premium on loan notes under the loan relationships imported loss rule (UK Care No 1 Ltd v HMRC)

Tax analysis: In UK Care No 1 Ltd, the Upper Tribunal (UT) allowed the appeal of the appellant company (UKC1) in part. It considered section 327 of the Corporation Tax Act 2009 (CTA 2009), which provides for the disallowance of 'imported losses' (ie losses arising while the company is not within the UK tax net) under the loan relationships regime. The case concerned an early redemption of loan notes. The UT held that CTA 2009, s 327 can apply to a ‘loss’ which includes expenses, and it upheld the disallowance of the compensatory (non-penalty) element of an early redemption premium as an imported loss; however, it allowed relief for the unamortised issue costs and issue discount as referable to the post-migration period.

Tax weekly highlights—26 February 2026

This week's edition of Tax weekly highlights includes: (1) a reminder of the Spring Forecast on Tuesday 3 March 2026, (2) an update on the progress of the National Insurance Contributions (Employer Pensions Contributions) Bill in the House of Lords, (3) new Scottish statutory instruments relating to the commencement of Scottish aggregates tax from 1 April 2026 and the uprating of Scottish landfill tax rates, and (4) analysis of the Upper Tribunal’s decision in the Lycamobile UK Limited case concerning the VAT treatment of telecom plan bundles.

View Tax by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Contributory negligence in personal injury claims

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a