What’s New in UK Tax?

by | Jun 2, 2025 | Accounting | 0 comments

Tax changes don’t have to mean sleepless nights. Here’s what’s landed this month – and how AD Accountancy keeps it simple for you.

If you run a small business, you’ve probably noticed tax updates come thick and fast – and usually with enough jargon to make your head spin. But don’t worry, we’ve boiled it all down into what matters most to you this month.

And the best part? At AD Accountancy, we don’t just throw the rulebook at you. We break it down, tailor it to your setup, and sort it out – no faff, no fuss.

Making Tax Digital (MTD) – Closer Than You Think

April 2026 might feel a way off, but the switch to Making Tax Digital for Income Tax and VAT is creeping ever closer. If you’re still relying on spreadsheets or – heaven forbid – paper records, now’s the time to get your books sorted.

What we do: We’ll get you digital in days, with the right cloud tools, training, and full setup support. Simple, clean, and ready for whatever HMRC throws your way.

Late Filing Penalties – Don’t Get Caught Out

HMRC is tightening up late penalties for returns and payments. A missed deadline could now trigger more than just a slap on the wrist – we’re talking interest, extra charges, and even the odd investigation if it becomes a habit.

What we do: We keep you bang on time with automated reminders, organised deadlines, and a proactive check-in system. Sleep easier knowing your deadlines are in safe hands.

Rising NICs & CGT – The Silent Budget Drainers

From April 2025, Employer National Insurance has risen from 13.8% to 15%. At the same time, the threshold has dropped – meaning you’re paying more for each team member. Capital Gains Tax (CGT) is also facing a squeeze, with reduced annual exemptions and tougher scrutiny from HMRC.

What we do: We’ll assess your payroll and investment strategies to make sure you’re paying what’s fair – not a penny more. Plus, we’ll spot savings and plan tax-efficient withdrawals where we can.

Losing Reliefs – Time to Plan Smart

If you’re in retail, hospitality, or leisure, business rates relief has been slashed from 75% to 40%. That’s a big jump in overheads for many small businesses. And there are whispers that more reliefs may be scaled back next.

What we do: We look ahead. That means smart tax planning, cash flow forecasting, and using every available allowance before it disappears. Don’t lose money just because the rules changed.

What Next? Your Own Tax Plan

Your business deserves more than a generic update – it deserves a plan. We tailor everything to how you work, what your business needs, and what you’re trying to achieve.

If you’re unsure how any of these changes apply to you, or you just want things done properly without the nonsense, we’re here.

Want it all broken down for your setup? Give us a bell.

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Accounting isn’t one-size-fits-all – we tailor our approach to suit you. Whether you’re a sole trader, partnership, or limited company, we make managing your finances simple, so you can focus on growing your business.

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