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HR | Key changes to employment law in 2025 for employers

Our HR expert Stacie Cheadle looks at what’s to come in 2025 for employers from changes to annual leave rollup to re-engagement rules and hikes in NMW from April, and the much publicised Employment Rights Bill

3 Jan 2025

HR

Work

Careers

Leadership & Management

Legal & Guidance

Image for tewkesbury man jailed ps100k aston martin fraud

Business | Tewkesbury man jailed for £100k Aston Martin fraud

A 65 year old from Tewkesbury has been jailed after an ill-conceived crash for cash plot, which attempted to defraud LV= out of £102,827

3 Jan 2025

Business

Called to Account

Tax | PAYE celebrates 80th birthday

It is now 80 years since the introduction of PAYE, which saw tax collected on a weekly and monthly basis rather than twice a year for anyone earning over £100

3 Jan 2025

Tax | Businesses to pay 60% more in NICs per employee

An employee on minimum wage is set to cost an employer £2,583 more per year due to upcoming rises in employer’s National Insurance and minimum wage

3 Jan 2025

Tax

Employment Tax

HMRC

Tax | HMRC launches R&D tax disclosure service

HMRC has set up a special R&D disclosure scheme for companies which have made excessive claims and are out of time to amend corpation tax returns

3 Jan 2025

HR | People in the news: Deloitte, Sage, Thomas Coombs

In this week’s career moves, partner promotions and hires at Moore Kingston Smith, PKF Smith Cooper, Thomas Coombs, Deloitte, KLL, Sage, Praxity

3 Jan 2025

HR

Work

Careers

Leadership & Management

Image for how navigate latest inheritance tax changes

Tax | How to navigate latest inheritance tax changes

Ian Dyall, head of estate planning at Evelyn Partners, looks at ways to deal with sweeping changes to IHT from business property relief to tax on pension pots

2 Jan 2025

Tax

Personal Tax

Tax Planning

Image for labours private school vat raid begins

Tax | Labour’s private school VAT raid begins

Labour’s addition of VAT on private school fees came in from 1 January with many parents having to cough up thousands of pounds if their schools decide not to cover the increase

2 Jan 2025

Tax | HMRC received 40k tax returns for Christmas

As the self assessment deadline looms closer HMRC had a festive win with over 4,000 people filing their tax return on Christmas Day itself

2 Jan 2025

Tax

Personal Tax

HMRC

Image for 1k spike individuals revealing offshore income

Tax | 1k spike in individuals revealing offshore income

HMRC nudge letters convinced 22% more people to come forward with their offshore assets in 2024

2 Jan 2025

Business | Deloitte tax partner joins Southgate on New Year’s Honours

Gareth Southgate has been knighted for his achievements managing the England football team, joined by David Moyes with an OBE, while several accountants are honoured

2 Jan 2025

Tax | Gifts to charities in wills increases to £2.1bn

Over 400 estates donated at least £1m to charities to avoid inheritance tax in 2024 with the total reaching the highest amount ever recorded

2 Jan 2025

Tax

Personal Tax

Tax Planning

Image for pkf littlejohn wins ps125k kinovo audit

Finance | PKF Littlejohn wins £125k Kinovo audit

AIM listed Kinovo has appointed PKF Littlejohn as statutory auditor, replacing Moore Kingston Smith

2 Jan 2025

Finance

Auditing

Corporate Governance

Image for hmrc catches spice garden over ps250k tax bill

Tax | HMRC catches up with Spice Garden over £250k tax bill

The owner of an Indian restaurant has been slapped with a bill for over £250,000 after HMRC officers witnessed staff hiding cash under the till

24 Dec 2024

Business | Outlook 2025: from private equity boom to pressure on remote working

Francesca Lagerberg, CEO of Baker Tilly International, sets out her predictions for the accountancy world in 2025 from a surge in private equity investment, to less remote working to support junior staff and increasingly complex regulatory pressures

24 Dec 2024

Tax | HMRC Newcastle staff go on strike

Hundreds of HMRC staff in Newcastle have kicked off eight weeks of strike action which will affect phone lines used by employers and the construction industry scheme

24 Dec 2024