The level of the Agricultural Property Relief (APR) and Business Property Relief (BPR) thresholds will be increased from £1 million to £2.5 million, the government has announced. The change will allow spouses or civil partners to pass on up to…
HMRC has published the latest issue of the Employer Bulletin. The December issue has information on various topics, including: Changes take effect 6 April 2026 — prepare for new PAYE responsibilities in labour supply chains. Clarifying the Optional Remuneration Arrangement…
The UK will bring cryptocurrencies, including Bitcoin, into a regulatory framework with legislation due by 2027. The government says that firm and proportionate rules will give legal clarity over the sector’s regulatory position. It says they will also boost consumer…
The Autumn Budget is unlikely to kickstart the UK economy with the nation’s growth outlook remaining subdued, according to research from the British Chambers of Commerce (BCC). The UK economy is expected to grow by 1.4% in 2025, revised slightly…
A £725 million package of skills reforms to the apprenticeship system with the aim of helping to tackle youth unemployment and drive economic growth, has been announced by the UK government. The government says the reforms will create 50,000 additional…
The removal of full tax-free salary sacrifice on pensions with a new £2,000 limit will hit over three million employees at 290,000 companies, according to government figures. The change to pension salary sacrifice is due to come into effect from…
Taxpayers lost £10.9 billion to fraud and error as the UK government’s pandemic response left the front door open to fraud, according to an independent report. The Covid Counter Fraud Commissioner, Tom Hayhoe’s, final report to Parliament finds many schemes…
Although there are less than two months until the self assessment deadline there is still time to start an accurate return, says HMRC. In addition, the tax authority is asking people filing their tax return for the 2024/25 tax year…
The majority of sole traders do not have a clear understanding of Making Tax Digital (MTD) for Income Tax, according to research from IPSE, the self-employed association. A survey conducted by IPSE found that 70% either have not heard of…
Reducing the qualifying period for unfair dismissal protection is a sensible move, says the Resolution Foundation. The government is amending the Employment Rights Bill to reduce the qualifying period for unfair dismissal protection from two years to six months, rather…
