Spring 2025

When a taxpayer missed a filing error in thier online tax return, it cost them penalties – despite owing no tax. His story is a reminder to stay vigilant with HMRC’s paperless system.

To deal with high levels of error and fraud, the Research and Development (R&D) tax relief regime has been significantly reshaped since 2023, and HMRC risk assessment is now much sharper.

Starting in April 2025, some taxpayers – particularly directors of close companies and the self-employed – will face new mandatory questions on their Self Assessment tax returns.

From 6 April 2025, new statutory entitlements give working parents time off and pay when their baby requires neonatal care. These rights offer vital support during what can be a challenging start to family life and will require employers to update leave policies and payroll systems.

HMRC has cancelled plans to require employers to report detailed employee hours for PAYE starting in 2026. However, employers must still comply with minimum wage regulations and track working hours carefully.

From April 2025, new company size thresholds will change how off-payroll working and IR35 rules apply. Companies may see lighter reporting requirements, but intermediaries should prepare for new responsibilities.

The Office for National Statistics (ONS) regularly reports on how UK businesses feel about the economy, their concerns, and assessment of their performance. For […]

Making Tax Digital for Income Tax (MTD IT) begins its rollout in April 2026, changing how millions of taxpayers report income to HMRC. With mandatory quarterly updates and digital records required, it’s vital to start planning now if you’re likely to be in scope.