The accountancy sector is gearing up to tackle several important regulatory milestones in 2025 and accountants will need to consider the impact of these policies on their clients and gear up their advisory services to help businesses to adapt.

Business rate relief

Starting from 1 April, retail, hospitality, and leisure properties that have been receiving a 75% business rates relief will see a reduction to 40%. In recent years, many businesses in these industries have taken advantage of the Retail, Hospitality and Leisure Relief (RHLR) scheme, which provided a 75% reduction, capped at £110,000.

Electric car tax