Mar 27, 2025 | Government Announcements
As announced in the Spring Statement, from April 2025, taxpayers who miss payment deadlines will face significantly higher penalties. The changes are part of a broader drive to close the tax gap and are set to affect self assessment income tax and other payment types....
Mar 14, 2025 | Government Announcements
From 18 March 2025, accountants, solicitors, and trust and company service providers (TCSPs) registered for anti-money laundering supervision in the UK can apply to become authorised corporate service providers (ACSPs) with Companies House. Initially voluntary, the...
Feb 13, 2025 | Government Announcements
The Employment Rights Bill has been amended following the committee stage in Parliament, introducing key changes that will impact hiring and employment contracts. The Bill is still subject to further revisions, with no implementation date confirmed. The time limit...
Feb 11, 2025 | Government Announcements
Following the Bank of England’s base rate cut to 4.5% on 6 February, HMRC will lower its late payment and repayment interest rates from 25 February. The late payment interest rate will drop from 7.25% to 7.0%, while the repayment interest rate will decrease from 3.75%...
Feb 7, 2025 | Government Announcements
The Bank of England (BoE) has cut the base rate by 0.25%, bringing it to its lowest level since May 2023. Seven members of the Monetary Policy Committee (MPC) supported the move, but two pushed for a deeper cut to 4.25%. Governor Andrew Bailey warned that inflation...
