Source Currency: Volume 198, Issue 5055. Citation Taxation, Taxation, 29 October 2026, 5 (4) .This week Confession time News update In brief Taxpayer debt falls, but still much higher than pre-pandemic Taxation (Wales) Bill published Understanding what drives entrepreneurs Carpet fitter's supplies are separate Reporting in real time over Christmas Support for second quarterly update Tax cases Compensation payments are not deductible No loss relief on loan to trading company Tomlin order has no bearing on taxable income Refund after supplier went into administration Reliance on internal advisers was not reasonable care Articles The UK tax policy laboratory New for old Tilting the scales Consultation carousel spins again Q&A MTD update Tax tip Movers & shakers Readers’s Forum VAT Corporate tax VAT Charitable donations New queries.