Financial Services Tax Newsletter May 2026

Welcome to the latest edition of the BDO Financial Services Tax Newsletter, where we bring you key updates and insights on tax developments within the FS industry


With the first Pillar Two filing deadline approaching on 30 June, this edition highlights the key administrative considerations for in-scope groups and the practical steps businesses should be taking now to prepare. We also examine the upcoming annual VAT recovery rate adjustment deadline for December year-end businesses — an important exercise for many FS organisations managing partial VAT recovery positions.

Alongside these domestic developments, we continue to share international updates through BDO’s global tax publications, including the latest insights across Transfer Pricing and Global Employer Services.

We hope you find this edition useful and practical. As always, our specialists are available should you wish to discuss any of these topics further.



fs-2030-event-information-card

Upcoming Event

BDO, in partnership with Byrne Wallace Shields LLP and Ibec Financial Services Ireland, will participate in an exclusive leadership forum for CEOs and senior leaders of regulated financial services firms. The discussion will focus on supervisory expectations, global group complexity, operational resilience, AI risk and emerging geopolitical challenges facing regulated firms. 

Find out more and register your interest using the button below.

Learn moreOpens in a new window/tab

Stay informed on the latest Tax developments impacting Financial Services. 
Subscribe to our Tax Newsletter for expert insights and essential updates delivered to your inbox.