Source Currency: Issue 42, 23 October 2025. News in brief Direct taxes Notice 2—Pillar Two top-up taxes relevant territories and taxes Case summaries—direct taxes BAT Industries Plc and ors v HMRC [2025] EWCA Civ 1271 Dialog Semiconductor Ltd v HMRC [2025] UKFTT 1188 (TC) Mainpay Ltd v HMRC [2025] EWCA Civ 1290 John Crooks v HMRC [2025] UKFTT 1148 (TC) Partnership of East London Co-Operatives Ltd v Joanne MacLean [2025] EAT 142 Investment and Securities Trust v HMRC [2025] UKUT 331 (TCC) Case summaries—indirect taxes Hippodrome Casino Ltd v HMRC [2025] EWCA Civ 1259 PO v HMRC [2025] UKFTT 1121 (TC).

Weekly:
Simon's Weekly Tax Intelligence provides a complete weekly news service for current developments in direct and indirect taxation.
* Budget Issue - a special issue published in Budget week includes the taxation parts of the Chancellor’s speech and Financial Statement, Budget Resolutions and official press releases concerning the Budget tax proposals.
* Cross-references are included to Simon’s Taxes and De Voil Indirect Tax Service as appropriate.