Insights
Insight • Real Estate and Construction
What are the proposed changes to Land Remediation Relief?
Insight • Real Estate and Construction
Last week, the UK government opened a consultation on reforming Land Remediation Relief (LRR). LRR is a Corporation Tax relief that companies can claim when they bring contaminated or derelict land back into use. It is part of the wider push to develop brownfield land and help meet the government's housebuilding targets.
Insight • Financial Services
A turning point for Form PF reporting
Insight • Financial Services
The past few years have seen significant changes to the Form PF reporting regime. In 2023, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) (together, the "Commissions") introduced reporting requirements for certain event-driven occurrences.
Insight • Financial Services
Preparing your business for the upcoming changes to CASS 6 and 7
Insight • Financial Services
FCA Handbook Notice 142, which was released in June 2026, confirms the final handbook changes made following its consultation paper CP25/37. This introduces targeted CASS 6 and 7 rule changes, which come into force on 25 September 2026
Insight • Financial Services
SMCR reforms: a step towards a more proportionate regime
Insight • Financial Services
The Financial Conduct Authority (FCA) has started rolling out the first phase of reforms to the Senior Managers and Certification Regime (SMCR), following the Government's review of UK financial services regulation.
Insight • Financial Services
AI in asset management: what the FCA expects
Insight • Financial Services
AI is becoming part of everyday life across asset management, and the Financial Conduct Authority (FCA) has a consistent message for firms using it: pair AI innovation with strong governance, transparency, resilience, and accountability to ensure safe and responsible adoption.
Financial Services
Getting your FCA application right in 2026
Financial Services
Over the past 12 months, there has been a noticeable improvement in the FCA's approach to processing authorisation and Variation of Permission (VoP) applications. In July 2025, the FCA introduced a revised target to determine complete authorisation applications within four months, reducing its previous six-month target.
Insight • Hospitality
The revised Tipping Code has been withdrawn: what hospitality businesses should do now
Insight • Hospitality
The Government has withdrawn the draft revised Code of Practice on tips without explanation, creating uncertainty around proposed worker consultation requirements. However, the current tipping regime remains fully in force and hospitality businesses should not assume that future reforms have disappeared.
News • Real Estate and Construction
Changes to the Capital Goods Scheme for VAT
News • Real Estate and Construction
Following its announcement in the Spring 2025 Tax Update, the Government has now confirmed changes to the Capital Goods Scheme (CGS) that will take effect from 29 July 2026, with the aim of reducing VAT compliance burdens for VAT-registered businesses and organisations.
Devon Buffoni explores HMRC’s growing enforcement focus on profit shifting in AccountingWEB
Devon Buffoni, Associate Director in Buzzacott’s Business Tax team, has been featured in AccountingWEB exploring the Public Accounts Committee’s (PAC) recent report on HMRC’s large business compliance work and what it signals for multinational groups.
Financial Services
The most anticipated consultation for UK asset managers in a decade
Financial Services
On 14 July 2026, the FCA published three consultation papers , setting out the most substantial reform of the UK Alternative Investment Fund Managers (AIFM) regime.