United Kingdom: Government Policy & Public Finance

The UK determines tax residence based on the Statutory Residence Test (SRT). While the rules can be complex, incorporating five Automatic Overseas Tests, four Automatic UK Tests, eight potential split year cases, and the sufficient ties test (with five possible ties), in many cases the outcome ultimately turns on a simple metric: the number of days spent in the UK.

There are a number of potential tax advantages when using FICs, including Inheritance Tax, but these will vary depending on the size

The Advertising Standards Authority ruled against Brighton & Hove City Council's public health campaign linking wood burners to particulate pollution near schools, despite the Council presenting extensive scientific...

The Fundraising Regulator has launched a consultation proposing new registration thresholds for free draw operators, requiring them to contribute 20% of ticket sales to charity—matching society lottery standards. These proposed changes follow the Government's publication of a Voluntary Code of Good Practice for Prize Draw Operators and could significantly impact how charitable free draws operate in the UK.

On 22 April 2026, the Financial Conduct Authority (FCA) published its policy statement PS26/6, confirming a package of reforms to the Senior Managers and Certification Regime (SM&CR).

The UK Supreme Court has ruled that businesses receiving government furlough payments during the Covid-19 pandemic must deduct those amounts from their business interruption insurance claims where savings clauses apply.

On May 8, 2025, the United States and the United Kingdom announced a significant trade agreement aimed at strengthening economic ties between the two nations.

On 6 May 2025, the United Kingdom and India finalised a landmark Free Trade Agreement, marking a significant milestone in bilateral relations. This agreement, the UK's most substantial post-Brexit trade deal...

Significant changes were introduced to the UK's tax rules for non-domiciled individuals from 6 April 2025. The remittance basis for non-UK domiciled individuals has been replaced with a residency-based system.