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Late payment penalties for taxpayers announced in Spring Statement
Higher fines and interest from April 2025.
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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
UK Finance sets out growth plan
Proposals to strengthen financial services and boost economy.Buy-to-let companies now UK’s largest business type
Landlords shift to limited companies for tax benefits.New Companies House registration rules for accountants
Identity verification to be phased in from April 2025.Bigger rewards for tax fraud whistleblowers
HMRC will pay informants a share of the recovered tax.Side hustle threshold to rise to £3k a year
Threshold increase simplifies tax for side income earners.Beneficial loans rate increased to 3.75%
New HMRC rates affect arrangements from April 2025.Free online accounts and tax filing service to close
Businesses must switch to commercial software by April 2026.US tariffs could hit UK consumers
Bank of England warns of economic risks.IR35 reforms raise £4.2bn extra tax
Stricter rules push more self-employed into PAYE roles.Treasury hints at possible shift in ISA policy
Only 8% back proposals to limit cash ISA advantages.