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Latest guidance for employers
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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 rules at section 228A ITEPA. Important update regarding tax refunds. Payrolling of benefits in kind.… Read more…
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HMRC offers time to help pay self assessment tax bills
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HMRC is offering self assessment taxpayers a reminder that help is available to manage their tax bill. The deadline to file and pay any tax owed is 31 January 2026, but people who are unable to pay in full by then may be able to set up a Time to Pay arrangement online and spread… Read more…
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£725 million UK apprenticeship overhaul targets youth unemployment
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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 apprenticeships and foundation apprenticeships over the next three years. As part of the package, the… Read more…
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Spring Statement set for 3 March 2026
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The Spring Statement has been scheduled for 3 March 2026 by the Chancellor of the Exchequer Rachel Reeves. Ms Reeves has asked the Office for Budget Responsibility to prepare an economic and fiscal forecast for publication on that date. The government said: ‘As set out at the Budget, the Spring forecast will not make an… Read more…
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Salary sacrifice changes will impact over three million employees
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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 6 April 2029 and will see a new £2,000 limit on the amount of contributions… Read more…
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MTD penalties waived for first year of Income Tax
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Self assessment taxpayers due to join Making Tax Digital (MTD) for Income Tax next April will not face penalties if late filing quarterly updates. In the Autumn Budget 2025 documents, the government said it will not charge penalty points if those joining MTD submit any of their compulsory quarterly updates of income and expenses late… Read more…
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E-invoicing will be fundamental change for VAT-registered businesses
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The mandatory introduction of e-invoicing for all VAT-registered businesses selling to UK business customers from April 2029 will be a fundamental change, says the Chartered Institute of Taxation (CIOT). The government announced the requirement in the Autumn Budget 2025 policy documents. It said: ‘Continued collaboration between the government and the private sector is essential for… Read more…
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Inheritance Tax reliefs threshold to rise to £2.5 million for farmers and businesses
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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 £5 million in qualifying agricultural or business assets between them before paying Inheritance Tax (IHT),… Read more…
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