This Month's Tax Tips and News
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May 2025
- Tax rises inevitable amid tariff trade war?
The dust had barely settled on Rachel Reeves' Spring Statement before shockwaves were sent through financial markets following news of trade tariffs... read more.
- HMRC could get new powers in tax avoidance clampdown
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... read more.
- Financial reporting: major changes for business sizes take effect
Significant changes affecting financial reporting have kicked in, meaning many businesses may be re-classified in terms of their sizes. read more.
- Chancellor adds more fuel to ISA reform fire
After much rumour and conjecture, it seems that some potentially significant changes to ISAs (Individual Savings Accounts) are on the way. read more.
- May Questions and Answers
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.... read more.
- May Key Dates
19 May - For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe... read more.
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