Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we're here to help.
Minimum wage rose on 1 April
Increases to the National Living Wage and National Minimum Wage took effect from 1 April.
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No further tax increases in Spring Statement
Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.
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Finance Act 2025 receives Royal Assent
The first Finance Act of the Labour government has gained Royal Assent and passed into law.
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Side hustle trading threshold raised to £3,000 per year
The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.
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Financial benefit of MTD could be as high as £915 million
The financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC.
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Chancellor unveils plan to cut red tape
Chancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth.
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Employment reforms continue to stifle business hiring intentions
The government's employment reforms are causing employers to put their hiring plans on hold, according to the Institute of Directors (IoD).
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