Europe

EU vape customs operation results show OLAF and 30 countries seized more than 94 million illicit nicotine products, exposing major excise and customs risks.

27 flavors of tax headache? No more. The EU 28th Tax Regime study shows how an optional, harmonized code could save companies billions and finally unify the Single Market.

The global tax floor is holding. The OECD Pillar Two Revenue 2026 report confirms that profit shifting is down 20%, while Pillar One faces a critical Q3 deadline.

A landmark win for PE firms. The ECJ VAT Holding Ruling 2026 clarifies that management services to non-EU subs still allow for full VAT recovery on deal costs.

Brussels is building a wall. The new EU Steel Import Tariffs 2026 agreement halves duty-free quotas and doubles out-of-quota taxes to 50% to save European steel.

The era of unlimited business relief is over. HMRC’s latest directive on the IHT BPR Cap 2026 explains how to navigate the new £2.5m limit and 20% tax on surplus assets.

It’s official. The CBAM Price Benchmark 2026 has been set at €78.45 per tonne of CO2, marking the first live market-indexed pricing for EU carbon imports.

The digital frontier is getting a “transparency net.” The Digital Asset MCAA has been signed by 48 nations, mandating global data sharing for crypto transactions.

The digital taxman is online. The first HMRC MTD Performance 2026 data shows a 92% success rate for software linking, alongside new “off-grid” exemptions.

The definitive CBAM regime is here. Importers are rushing to secure Authorized CBAM Declarant status as carbon certificate prices align with the EU ETS.