2025 - Page 11 of 27

08 May 25

Income reporting threshold increased

The £3,000 reporting threshold for trading, property, and other income will simplify tax returns—300,000 people could be freed from filing. A digital alternative is also

08 May 25

Changes to VAT on donations to charities

The government is consulting on new VAT relief for goods donated to charities for free use. Could this fix an unfair gap in current rules? Have your say by 21 July 2025. A new

08 May 25

Electronic invoicing consultation

The government wants your say on e-invoicing. Quicker payments, fewer errors, and better VAT reporting are on the table. A 12-week consultation could shape the future. HMRC and

07 May 25

How to Increase Gross Profit Returns

Gross profit is one of the clearest indicators of how well your business is performing. It’s the money left after deducting the direct costs of producing goods or services from

07 May 25

Fresh Ideas for Additional Revenue Streams

For many small and medium-sized enterprises (SMEs), the core business keeps the lights on, but additional income streams can provide much-needed stability and growth. Whether

02 May 25

Tax Diary June/July 2025

1 June 2025 - Due date for corporation tax due for the year ended 31 August 2024. 19 June 2025 - PAYE and NIC deductions due for month ended 5 June 2025. (If you pay your tax

01 May 25

State Benefits – What is taxable and what is not

Not all state benefits are tax-free! Some, like the State Pension and Carer’s Allowance, are taxable, while others, like PIP and Universal Credit, are not. Knowing the difference

01 May 25

Is income from hobbies taxable?

Not every money-making hobby counts as a business for tax purposes. Knowing when a hobby crosses into trading territory is vital to avoid unexpected tax bills. If your side project

01 May 25

Tax refunds for dissolved companies

Dissolving a company ends its legal existence — but unresolved assets become property of the Crown under bona vacantia. Directors must act carefully to settle assets and

01 May 25

Tax treatment of income after cessation

After a business closes, income can still arise. Post-cessation receipts must be properly reported and taxed under specific rules. Knowing what qualifies — and what does not

Year: 2025

Income reporting threshold increased

Changes to VAT on donations to charities

Electronic invoicing consultation

How to Increase Gross Profit Returns

Fresh Ideas for Additional Revenue Streams

Tax Diary June/July 2025

State Benefits – What is taxable and what is not

Is income from hobbies taxable?

Tax refunds for dissolved companies

Tax treatment of income after cessation

IHT Unused Pension Funds and Death Benefits changes

IHT Agricultural and Business Property Relief changes confirmed

Capital Gains valuations of goodwill

SJPR