Here’s a quick overview of key tax and payroll updates for Spring 2025, plus useful resources for UK employers.
These links provide essential updates on tax simplification, PAYE, VAT registration, and employer thresholds for the 2025–2026 tax year.
Below is a summary of what each covers:
🧾 Spring 2025 Tax Update
The government’s Spring 2025 tax update focuses on simplification, administration, and reform. While the full summary wasn’t accessible, it likely includes changes to filing processes, digital reporting, and streamlined compliance measures. Keep an eye on this page for future updates: Spring 2025 Tax Update.
https://www.gov.uk/government/topical-events/spring-statement-2025
💼 PAYE and Payroll for Employers
Employers must operate PAYE if employees earn £96 or more per week, receive benefits, or have pensions. Key responsibilities include:
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Deducting income tax and National Insurance
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Reporting pay and deductions to HMRC on or before payday
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Paying HMRC monthly or quarterly depending on your liability
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Submitting annual reports and notifying HMRC of employee changes Full guide: PAYE for Employers
https://www.gov.uk/paye-for-employers
🧮 Registering for VAT
You must register for VAT if:
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Your taxable turnover exceeds £90,000 in the past 12 months
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You expect to exceed that threshold in the next 30 days Voluntary registration is also possible below the threshold. Late registration may result in penalties. Details here: Register for VAT
https://www.gov.uk/register-for-vat
📊 Rates and Thresholds for Employers (2025–2026)
This guide includes:
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PAYE tax bands and personal allowances
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National Insurance thresholds and rates
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Statutory pay rates (maternity, paternity, sick pay)
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National Minimum Wage (e.g., £12.21/hour for workers aged 21+)
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Student loan repayment thresholds
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Mileage and fuel rates for company vehicles Explore the full breakdown: Employer Rates & Thresholds
https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2025-to-2026
📰 ICAEW Tax News
ICAEW’s Tax Faculty provides expert insights and updates, including:
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Capital losses guidance
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HMRC outreach to wealthy taxpayers
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UK’s ranking in international tax competitiveness
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VAT explainers and property tax updates Stay informed: ICAEW Tax News
https://www.icaew.com/insights/tax-news
🏛️ HM Treasury News
Recent highlights include:
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Spring Statement 2025 and Spending Review
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£29 billion investment in the NHS
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Updates on financial sanctions and economic forecasts Visit: HM Treasury