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Tax Tips and News

Tax rises inevitable amid tariff trade war?
Newsletter issue – May 2025 The dust had barely settled on Rachel Reeves' Spring Statement before shockwaves were sent through financial markets following news of trade tariffs from America. Donald Trump's new tariff regime - which initially included enormous tariffs on most of the world's largest trading nations - has led to fears of a…Read More
HMRC could get new powers in tax avoidance clampdown
Newsletter issue – May 2025 Tax avoidance - and specifically those who promote it - has once again been pushed into the spotlight. That's because of a new review launched by the Government, as trailed at the Spring Statement. New measures are being put forward to crackdown on the promotion of tax avoidance. HMRC would…Read More
Financial reporting: major changes for business sizes take effect
Newsletter issue – May 2025 Significant changes affecting financial reporting have kicked in, meaning many businesses may be re-classified in terms of their sizes. The thresholds to determine whether a company is counted as 'micro, small or medium' changed on 6 April for the first time in 12 years. The Government announced the changed in…Read More
Chancellor adds more fuel to ISA reform fire
Newsletter issue – May 2025 After much rumour and conjecture, it seems that some potentially significant changes to ISAs (Individual Savings Accounts) are on the way. We heard a lot in the build up to the Spring Statement - only to hear no words uttered by the Chancellor in relation to this. Yet, we then…Read More
May Questions and Answers
Newsletter issue – May 2025 Q: My business has always used P11D forms for reporting benefits-in-kind. We don't payroll benefits currently. But I've heard the rules are changing. What does this mean for my business and what do I need to do to prepare? A:You're absolutely right, HMRC has confirmed that from April 2026, the…Read More
May Key Dates
Newsletter issue – May 2025 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC 22nd Deadline for employers operating PAYE to pay HMRC. This is also the quarterly deadline for businesses that pay per quarter. For those paying by…Read More

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Tax Tips and News

Tax rises inevitable amid tariff trade war?

HMRC could get new powers in tax avoidance clampdown

Financial reporting: major changes for business sizes take effect

Chancellor adds more fuel to ISA reform fire

May Questions and Answers

May Key Dates

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