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Displaying 1-10 of 25 results
Employers reminded of minimum wage increases
- Article
- 31 Mar 2025
From April 2025, the national living wage (NLW) will increase by 6.7% and the national minimum wage (NMW) by as much as 18% depending on the category of the worker.
HMRC increases interest rates for tax paid late
- Article
- 31 Mar 2025
As first announced at the Autumn Budget 2024, the interest rate charged by HMRC for late payments of most taxes and duties will increase from 7% to 8.5% from 6 April 2025.
Government considers extending R&D advanced clearance service
- Article
- 28 Mar 2025
After preliminary discussions with key stakeholders, including ICAEW, a consultation on widening the advanced clearance process for research and development (R&D) tax relief was published alongside the Spring Statement on 26 March 2025.
International tax treatment of pension lump sums clarified
- Article
- 27 Mar 2025
HMRC has updated its international manual to include long-awaited guidance on the tax treatment of lump sum pension payments under the UK’s double tax agreements (DTAs).
MTD income tax will be extended in 2028
- Article
- 26 Mar 2025
Alongside the Spring Statement 2025, it was announced that Making Tax Digital (MTD) for income tax will be extended to those with turnover of more than £20,000 from April 2028. Taxpayers in MTD income tax will need to use commercial software for their final tax return.
Government takes further action to reduce tax debt
- Article
- 26 Mar 2025
At the Spring Statement 2025, the government announced a package of new measures intended to reduce tax debt and close the tax gap. Taken together, the measures are expected to raise over £1bn in additional tax revenue per year by 2029/30.
Tax news in brief 26 March 2025
- Article
- 26 Mar 2025
Highlights from the broader tax news for the week ending 26 March 2025, including: the Finance Bill has become law; and a new requirement for agents to use advanced electronic signatures in some circumstances from 6 April 2025.
New tax return box for student loans and payrolled benefits
- Article
- 24 Mar 2025
Taxpayers who make student loan repayments and whose income includes payrolled benefits in kind (BIKs) may need to complete a new box when submitting their self assessment (SA) return for 2024/25.
How do changes to tax come into effect?
- Article
- 24 Mar 2025
The government announces changes to tax rules, rates and allowances at the Budget and other fiscal events. We explain how these changes become law in a new video.
CGT adjustment may be needed to 2024/25 tax returns
- Article
- 24 Mar 2025
HMRC has published a calculator to work out the adjustment that may be needed to the 2024/25 self assessment tax return as a result of the in-year change to the main rates of capital gains tax (CGT).
Displaying 1-10 of 25 results