Yearly Archives: 2025


National Insurance changes f...

Event date: 1st Jan 1970

Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to employees and to the self-employed.

National Insurance changes from April 2025
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Relief for holiday let losse...

Event date: 1st Jan 1970

From 6 April 2025 onwards, furnished holiday lettings are treated for tax purposes in the same way as other residential let

Relief for holiday let losses
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Tax deadline approaching if ...

Event date: 1st Jan 1970

A non-natural person (normally a company) that owns residential properties, may need to complete a Return to declare the “Annual Tax on Enveloped Dwellings” – also known as ATED.

Tax deadline approaching if you own residential properties not in a personal name
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The HMRC official rate of in...

Event date: 1st Jan 1970

The official rate of interest is a rate set by HMRC which is used to calculate the benefit in kind tax charge on cheap employment-related loans, and also the amount charged to tax in respect of the provision of employer-provided living accommodation where the cost of that accommodation is more than £75,000.

The HMRC official rate of interest
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What is a negligible value c...

Event date: 1st Jan 1970

A negligible value claim means that a claim is made that an asset is worthless, without actually selling the asset.

What is a negligible value claim?
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Tax year end compliance requ...

Event date: 1st Jan 1970

The end of the 2024/25 tax year means that many employers will be submitting various compliance forms to HMRC in the coming months.

Tax year end compliance requirements for employers
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Daily penalties – watch out ...

Event date: 1st Jan 1970

If your 2023/24 tax return has not been submitted to HMRC, then you are likely to face £10 daily penalties, if this remains the case from 1 May 2025.

Daily penalties – watch out from 1 May 2025
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PAYE only taxpayer – a 2024/...

Event date: 1st Jan 1970

HMRC have announced that anyone with only PAYE income, will not be required to complete a 2024/25 tax return.

PAYE only taxpayer – a 2024/25 Return may not be required…but…
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Yorkshire firms advise Tiffi...

Event date: 1st Jan 1970

Leading independent North East and Yorkshire accountancy and business advisory firm Clive Owen LLP, and regional law firm Andrew Jackson Solicitors LLP, have supported Bradford-based Tiffin Sandwiches (“Tiffin”),…

Yorkshire firms advise Tiffin Sandwiches on successful acquisition of Scottish company
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