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On 26 November 2025, Chancellor Rachel Reeves presented her second Budget to Parliament. After the tax-raising budget of 2024, it had been hoped by the government that widely applicable tax increases would not be required again in 2025. However, with economic pressures continuing to apply, tax increases have been announced…
HMRC Reminds Seasonal Sellers to Check Tax Obligations As the festive season approaches, HM Revenue & Customs (HMRC) is urging anyone who earns money from Christmas crafts, seasonal market stalls, or selling festive items to check whether they need to report their earnings for last year. HMRC’s ‘Help for Hustles’…
HM Revenue and Customs (HMRC) is writing to some taxpayers to tell them what they need to do to get ready for the new Making Tax Digital rules that come into force next April. What is Making Tax Digital? Making Tax Digital for Income Tax is a new way for…
Companies House Identity Verification becomes mandatory from 18 November 2025. From 18 November 2025, identity verification with Companies House will start to be required for company directors and People with Significant Control (PSCs). The measure is intended to improve the reliability of information on the UK’s company register and support…
HM Revenue and Customs (HMRC) has been reminding taxpayers that there are now fewer than 100 days left to file their tax return and pay any tax due for the 2024-25 tax year. The online filing deadline applicable to the majority of taxpayers is 31 January 2026. According to HMRC…
Welcome to the November Tax Update. In this issue we take a look at planned IHT relief restrictions, MTD for Digitally Excluded Taxpayers, VAT on biscuits, SDLT, advisory fuel rates for electric cars and upcoming dates on the Accounting Horizon. PLANNED INHERITANCE TAX RELIEF RESTRICTIONS FROM APRIL 2026 In Autumn…
Why Thinking Like a CFO Can Help You Shape Your Business For many small and medium-sized business owners, bookkeeping, payroll and VAT returns are seen as a necessary part of their routine. These tasks are essential, but in terms of shaping your business, they can only tell you what has…
How to Save on Childcare Costs with the Tax-Free Childcare Scheme Running your own business often means juggling a lot – and for many, that includes childcare. With autumn school breaks rapidly approaching, HMRC is reminding working families that the Tax-Free Childcare scheme can be a good way to make…
Why getting minimum wage calculations right matters more than ever Matthew Taylor CBE, author of the influential Taylor Review of Modern Working Practices, has been appointed as the first Chair of the new Fair Work Agency – a body that’s set to change how the UK enforces employment rights. The…
What the CMA’s new powers over Google mean for UK businesses The Competition and Markets Authority (CMA) has confirmed that Google has been designated with strategic market status (SMS) for its general search and search advertising services – marking a major moment in how the UK regulates big tech. This…