Spring Statement 2025: Harsher penalties for late tax payments and lower-earning landlords brought into MTD scope

Spring Statement 2025 at a glance

standfirst: The Business & Accountancy Daily team gives a rundown on key changes from hike in tax penalties for late payment to stifling tax avoidance promotors, plans for strict rules to clamp down on tax advisers turning a blind eye to avoidance, and MTD extensionSpring Statement: late payment penalties rise to 10%Spring Statement: crackdown on tax advisers with £3k daily finesSpring Statement: HMRC to stifle tax avoidance promotersSpring Stat…

Spring Statement 2025 – Closing the Tax Gap - HaysMac - Award-winning Chartered Accountancy Firm

The UK government's new measures to close the tax gap and generate over £1 billion in additional tax revenue annually by 2029-30. Key initiatives include enhanced debt recovery, increased compliance staff, stricter penalties for late payments, and stronger action against tax fraud.

Important updates to Making Tax Digital and late payment rates you might have missed in the Spring Statement | Accountants Bury St Edmunds, Ipswich & Thetford - Knights Lowe

This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property. Firstly, there will be tougher penalties for late tax payments under Making Tax Digital (MTD). Secondly, the MTD scheme… The post Important updates to Making Tax Digital and late payment rates you might have missed in the Spring Statement appeared first on Accountants Bury St Edmunds, Ipswich & Thetford - …

New tax rules are 'last straw' for landlords, Propertymark leader claims

Angharad Trueman tells The Neg many landlords will say a requirement to provide tax info quarterly is too much.

Spring Fiscal Statement 2025 Webinar

In this 30-minute webinar, the Ellacotts Tax, Agriculture & Property, VAT and Wealth Planning team discuss the Spring Fiscal Statement 2025. If you have a question that needs to be answered, please contact us. Spring Fiscal Statement 2025 Summary download Information for readers: This material is published for the information of clients. It provides only an overview of the regulations in force at the date of publication, and no action should be …

HMRC late payments interest rates to increase from 6 April 2025 - NNBN - Supporting Business Growth

HMRC interest rates for late payments will be increased by 1.5% for all taxes from 6 April 2025. The HMRC interest rates for late payments will be increased by 1.5% for all taxes from 6 April 2025 following a change in legislation. This increase was announced at Autumn Budget 2024 and the change will take effect from 6 April 2025. Information on the interest rates for payments will be updated shortly. How HMRC interest rates are set HMRC interes…