As expected, the Chancellor lived up to his reputation as a cautious operator and made very few significant tax announcements in his final Spring Budget. Both the medium-term economic policy and the direction of travel of the tax regime were confirmed, and the government will proceed with the gradual reduction of corporation tax rates and the introduction of interest and loss relief restrictions. At the link below, please find our summary of the main tax announcements.
Highlights for business include:
- Corporation tax rate confirmed down to 17 % by 2020
- Amendments to proposed corporate interest restriction rules
- Increase of main rate of Class 4 National Insurance Contributions (NICs) by 2 % over the next two years to bring self-employed and those using personal service companies into greater alignment with employees
- Reduction of new tax-free dividend allowance from £5,000 to £2,000
- Targeted reliefs on business rates for pubs and small businesses
Read our Full Review of the Spring Budget Here
A&M Tax Policy Insights – February 2026
March 26, 2026
A&M Tax Policy Insights covers Pillar One fallout, DST trends, UN talks, and key global tax updates, tariffs, and treaties impacting cross‑border operations.
IRS Creates Limited Opportunity to Revisit “Irrevocable” §163(j) Elections
March 25, 2026
Revenue Procedure 2026-17 creates a limited window to revoke certain “irrevocable” §163(j) elections, including the RPTOB and CFC group elections, in light of OBBBA-driven changes.
India Tax Alert | The Corporate Laws (Amendment) Bill, 2026
March 25, 2026
The Bill represents a significant shift toward streamlining corporate restructuring and reducing the regulatory friction for M&A transactions. Here is a summary of the key provisions from an M&A and restructuring perspective.
New Tax Treaty Between Spain and the Netherlands: Signing Approved by the Spanish Council of Ministers and the Expected Impact on Spanish Real Estate Investments
March 24, 2026
On March 10, 2026, the Spanish Council of Ministers approved the signing of a new double tax treaty between Spain and the Netherlands, formally replacing the current agreement signed in 1971, one of the oldest treaties in Spain’s tax treaty network.
