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Treasury and the energy department shifted the final request for proposals after revising the first phase’s financing and procurement design.
Finance officials cited an additional KRW63.2 trillion in 2026 tax revenue and discussed using part of it to reduce bond issuance.
The Finance Ministry said revenue and spending both rose year on year in October–August, while borrowing financed most of the overall cash shortfall.
The Treasury and Finance Ministry reported 12.9 billion lira of monthly surplus as revenue slightly exceeded spending.
HMRC estimates £94.2 billion in corporate tax liabilities for 2024–25.
The four governments also discussed fiscal pressures and preparations for the 2027 Spending Review.
ONS says borrowing was about a fifth higher year on year as spending grew faster than receipts.
HMRC’s provisional 2024–25 estimate shows relief up 5% and claim numbers down 17%, with new schemes appearing in the series.
HMRC set the excise rate at £2.20 per 10 ml, including for liquids without nicotine.
Proposed rules would let eligible sellers pay 25% of the relevant tax liability in each of four annual installments.
Treasury says the revised GloBE return provides a mechanism for US-headquartered groups to elect the side-by-side safe harbor.
The Treasury analysis draws on 5,702 bank reports filed over a one-year period; the activity is suspected, not adjudicated fraud.
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