UK Launches Turbo Tax Service to Attract Billion-Pound Investments in 2026
A new tax service, Turbo Tax, aimed at boosting major investments in the UK will launch in July 2026. The Advance Tax Clearance Service (ATCS), a Turbo Tax for large-scale projects, will offer businesses greater certainty on tax treatment. Only those planning to spend at least £1 billion in the UK will qualify for this investment basics scheme.
The ATCS was first announced in the Corporate Tax roadmap at Autumn Budget 2024. It will cover corporation tax, VAT, stamp duty land tax (SDLT), income tax, the PAYE Regulations, and the Construction Industry Scheme. The goal is to encourage investment by reducing uncertainty around tax obligations, providing small business ideas with a clear path to growth.
The ATCS will provide long-term tax certainty for large UK investment projects. Clearances will remain valid for five years, unless legal or judicial changes occur. The scheme is designed to support businesses committing at least £1 billion to UK expenditure.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Over 1.7M in Baden-Württemberg at Poverty Risk, Emmendingen's Housing Crisis Urgent
- Life Expectancy Soars, But Youth Suicide and Substance Abuse Pose Concern
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
