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Global Market Commentary – April 2025

April 2025 was a historic month for stock markets, which declined rapidly upon President Trump’s announcement of huge international trade tariffs, then rose almost as quickly when he reined back on them.

Changes to Employee Protection

Changes to Employee Protection under the Worker Protection Act 2023

Spring Holidays and Office Closures

Changes to Tax from April 2025

Spotlight on -
Changes to Tax from April 2025

Dates for the Diary

Check out what's coming up in the next few months...

Global Market Commentary – March 2025

The mood among institutional investors has deteriorated in recent weeks, due to US-centric concerns. Trade tariffs, sticky inflation and slowing growth are the dominant topics of conversation.

Accounts & Tax Returns – Action Required

We need your accounts records and personal tax information.

Spring Statement 2025 – Review

Yesterday, Chancellor Rachel Reeves delivered her Spring Statement. We have sifted through the details and hope the following review, which we feel will be the most significant to our clients, will be helpful.

HMRC to close their online accounts and tax filing service

HMRC have issued guidance confirming that from 31 March 2026 their online filing service for company accounts and tax returns will close.

Side hustle sales threshold raised to £3,000

Further information has been released by the Government on the increase in the trading allowance rate and when this will come into effect, but beware; the £3,000 is not a tax relief increase, only an administrative increase.

What happens if you can’t pay your tax bill?

If you are a taxpayer and you are concerned that you cannot pay your tax bill on time, you have the option to set up an online “time to pay” arrangement with HMRC.  This means you can spread the cost of you tax bill over a period of 6-12 months, helping improve cash flow.

Check-out time looms for FHL tax regime

Further to our article in December 2024 and with the tax regime for furnished holiday lettings ending in April 2025, there are practical issues that affected property owners need to know about.