Treasury doubles down on late payment enforcement.
Spring Statement sees 10% late payment penalty introduced
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Government Announcements
Late payment penalties for taxpayers announced in Spring Statement
Higher fines and interest from April 2025.
New Companies House registration rules for accountants
Identity verification to be phased in from April 2025.
Updates to Employment Rights Bill passed
Tribunal claims, guaranteed hours, fire, and rehire all updated.
HMRC cuts late payment interest to 7%
Late payment and repayment rates reduced from 25 February.
Bank of England cuts interest rates to 4.5%
Inflation forecast to rise as economy stalls.
Government removes CMA chair to pursue growth
Focus turns to reducing barriers to economic expansion.
Scotland’s 2025/26 Budget: Tax cuts, reliefs, and investments
Low earners gain relief; landlords face higher costs.
1.1 % gambling levy proposed for April 2025
Levy to target gambling harm, fairness, and research funding.