Developments in formation and tax legislation.
Changes in formation, tax and filing are listed in date order; you can narrow them down by selecting a country. Selecting a heading opens the detail of the entry.
October 20261
Making Tax Digital: £30,000 threshold from 6 April 2027
Sole traders and landlords with turnover above £30,000 will keep their income tax records digitally and send quarterly updates from 6 April 2027.
- Date
- Who is affected
- Individuals in the UK with trading or rental income as sole traders or landlords (limited companies are outside the scope)
- In force from
- Action required
- Check whether you exceed the threshold and register with software recognised by HMRC.
September 20262
E-invoicing: deadline to appoint a service provider is 30 October 2026
Companies with revenue of AED 50 million or more must appoint an accredited service provider by 30 October 2026 and put the e-invoicing system into operation by 1 January 2027.
- Date
- Who is affected
- Companies in the UAE subject to the e-invoicing system with revenue of AED 50 million or more
- In force from
- Action required
- Appoint your accredited service provider before the deadline.
First fines issued to directors who did not verify their identity
The Insolvency Service and Companies House announced that the first cases against people acting as directors without verifying their identity ended in fines on 16 September 2026.
- Date
- Who is affected
- Directors and persons with significant control of UK companies
- Action required
- Complete your Companies House identity verification.
August 20261
Small Business Relief extended to 31 December 2029
The UAE Ministry of Finance announced that Small Business Relief for corporate tax can also be used in tax periods ending on or before 31 December 2029. The annual revenue threshold of AED 3 million is unchanged.
- Date
- Who is affected
- UAE companies with annual revenue not exceeding AED 3 million
- Action required
- File your corporate tax return on time even if you benefit from the relief.
July 20261
Northern Cyprus minimum wage set at TL 70,893 gross
The monthly minimum wage effective from 1 July 2026 has been set at TL 70,893 gross.
- Date
- Who is affected
- Employers with staff in Northern Cyprus
- Action required
- Prepare payrolls for July 2026 and later at the new amount.
June 20261
Companies House accounts filing changes postponed to April 2028
Filing annual accounts by software only, and small companies filing a profit and loss account, will start in April 2028 instead of April 2027.
- Date
- Who is affected
- All companies registered in the UK
- In force from
- Action required
- If you file your accounts via the web or on paper, plan a move to suitable software before April 2028.
April 20261
Decision amending administrative penalties for tax violations in the UAE now in force
The Cabinet Decision amending the administrative penalties applied to violations of tax legislation entered into force on 14 April 2026. The penalty for failing to update registration details was set at AED 1,000 per violation and AED 5,000 for repeat violations.
- Date
- Who is affected
- All companies registered with the Federal Tax Authority
- In force from
- Action required
- Check that the details in your tax registration are up to date.
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