United Kingdom: Tax Authorities

Macfarlanes offers a distinctive approach to serving private capital managers by integrating top-tier legal expertise with complementary non-legal services. This combination creates a comprehensive solution designed specifically for the unique needs of private capital firms.

The new tax year started on 6 April. While the world of share schemes didn’t change much overnight, this is still an important time to reflect on your share plans...

Over recent years a number of anti-avoidance measures have been introduced in a bid to tackle “disguised employment”. Disguised employment refers to those situations where arrangements...

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In February 2026, the European Commission published the non-confidential version of its decision to conditionally approve Abu Dhabi National Oil Company’s (ADNOC) acquisition of Covestro AG (Covestro), shedding further light on its approach to enforcing the merger component of the Foreign Subsidies Regulation (FSR).

As we approach the end of the 2025/26 tax year, now is the ideal time to review your personal tax position and assess whether you are making full use of the reliefs and allowances available.

The most significant change is the introduction of mandatory identity verification for UK company directors and persons with significant control (PSCs) under the Economic Crime and Corporate Transparency Act 2023.

Last January we wrote about how everything felt a bit "déjà vu" – with Trump about to enter the White House for a second term, and an optimistic Labour government still riding off a landslide victory

From May 2026, a new mandatory UK registration regime will apply not only to professional tax advisers but also to many in-house tax teams within corporates, asset managers and financial institutions. The broad definition of "tax adviser" means teams supporting group entities, funds, joint ventures or employee tax matters may be caught, even where tax advice is not their primary role. With strict eligibility conditions and significant penalties for non-compliance, organisations should begin assessing their