28 November 2025
Budget 2025
The Chancellor of the Exchequer, Rachel Reeves MP, delivered her Budget on Wednesday 26 November 2025. Analysis of the tax announcements can be found on our dedicated Budget website, including our commentary on individual measures. A recording of our EMEA Dbriefs webcast on the Budget is available to watch on demand.
OECD releases consultation on global mobility of individuals
On 26 November 2025, the OECD Inclusive Framework published a scoping consultation document on the effect of global mobility of individuals on the international tax framework. The consultation asks for feedback and evidence to inform the agenda for the next phase of the OECD Inclusive Framework’s work in this area, covering personal tax, employment tax and corporate tax issues. The consultation also encourages businesses to make suggestions as to how the international tax framework, including domestic legislation and double tax treaties, could deal with the challenges raised by global mobility. The consultation closes on 22 December 2025.
HMRC publish Guidelines for Compliance on Investment Zones
On 27 November 2025, HMRC published the latest in their Guidelines for Compliance (GfC) series. New GfC15, Help with Investment Zones, sets out the tax reliefs available in Investment Zone special tax sites. It also explains how to qualify for the tax reliefs, highlights common errors, and advises what records should be kept. HMRC state that their policy has not changed and that the guidelines should be read alongside their published guidance.
Advisory fuel rates
On 21 November 2025, HMRC published the new advisory fuel rates for company cars applicable from 1 December 2025. The previous mileage rates, effective from 1 September 2025, can be used for up to one month from the date the new rates apply. The rates for all diesel, petrol and LPG engine sizes are unchanged from the previous quarter. This is the second quarter with two advisory electricity rates (one for home charging and one for public charging) since their introduction from 1 September 2025. The rate for home charging has decreased by 1 pence per mile and the rate for public charging is unchanged from the previous quarter.
Building Safety Levy updates: England and Scotland
On 19 November 2025, the Building Safety Levy (England) Regulations 2025 were made in Final by the Secretary of State. The regulations make provision for the Building Safety Levy to be charged on specified applications for building control approval made on or after 1 October 2026. Broadly, the levy will apply to developers of new residential buildings and purpose-built student accommodation in England requiring a building control application, with certain exemptions. The regulations set out how the levy is to be charged, including its calculation and administration. Associated operational guidance was published by the Ministry of Housing, Communities and Local Government in July 2025.
Separately, on 18 November 2025, the Scottish Minister for Public Finance stated that the commencement date for the Scottish Building Safety Levy will be deferred by one year, to April 2028.
OECD publishes updated corporate tax statistics
The OECD has released the 2025 edition of its annual Corporate Tax Statistics publication and accompanying database. The report and data provide internationally comparable statistics, covering over 170 jurisdictions, designed to support the analysis of corporate taxation, in general, and of base erosion and profit shifting (BEPS), in particular. The OECD highlights that statutory corporate tax rates have continued to remain stable, with an average combined statutory rate of 21.2% in 2025 (21.1% in 2024).
EMEA Dbriefs webcasts
As a reminder, the next EMEA Dbriefs tax webcast will take place on Tuesday 9 December 2025 at 13.00 GMT/14.00 CET. In Off payroll workforce tax and legal risk, our panel will discuss upcoming reforms to tax legislation for labour supply chains involving intermediaries which will make businesses joint and severally liable to account to HMRC for employment taxes liabilities of third-party employees. We will highlight practical steps organisations could take, explore the draft legislation, discuss connected tax and legal matters, and set out a potential roadmap for businesses.