The United Kingdom has announced a significant reform of the tax treatment of foreign sovereign investors as part of its Autumn Budget 2026, presented on 28 October. The proposal seeks to replace the current non-codified sovereign immunity regime with a new statutory framework, providing greater legal certainty and transparency while expanding the circumstances in which foreign states may be subject to UK taxation.
The United Kingdom has announced a series of significant tax changes as part of its Autumn Budget 2026, presented by Chancellor of the Exchequer John Healey on 28 October. The measures affect individuals, financial institutions and businesses, with a particular focus on increasing tax revenues while maintaining incentives for investment and business activity.
Indian tax authorities have intensified their scrutiny of international spirits companies following an investigation into the customs classification of bulk Scotch whisky imports. The proceedings involve Diageo and Pernod Ricard, two of the leading players in India's alcoholic beverages market, and raise questions about the scope of the tariff reductions introduced under the India-UK trade agreement.
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