Tax Update Spring 2025

After some disappointment that the Spring Statement did not include much to report on from a tax angle or alleviate the burden of the NIC increase which is now live, it seems that HMRC were really holding their light under a bushel as we now find ourselves awash with proposals issued in the snappily titled Tax update spring 2025: simplification, administration and reform summary.

Welcome measures include a reversal of the additional requirements to report employee hours through payroll, pushing back the mandatory payrolling of benefits to April 2027, and a small uplift in the capital goods scheme threshold.

The most exciting measure was a consultation on what steps are required to introduce VAT free donations of surplus goods to charities for their own use. This has been one of CTG’s long term campaigns alongside others including the CBI and we strongly encourage you to support this measure by responding to the consultation.