Read on for the latest accounting, tax & business news from TidyCloud
Christmas crafters urged to check tax rules
HMRC is urging those making money from Christmas crafts, seasonal market stalls, or selling festive items to check if they need to report their earnings.
Advisory fuel rates for company cars (Dec 2025)
New company car advisory fuel rates have been published and took effect from 1 December 2025.
Budget 2025 – Hidden Details
Here is a summary of some of the smaller, but impactful, measures announced in the UK Budget 2025.
Budget at a Glance 2025
After numerous rumours and an early leak of the Office of Budget Responsibility’s report on their findings, Rachel Reeves delivered her 2025 Budget on 26 November 2025 which she stated took the ‘fair and necessary choices to deliver on the government’s promise of change’.
Chancellor should use budget to reform tax system, IFS says
Chancellor Rachel Reeves should use the Autumn Budget to reform the UK’s tax system, says the Institute for Fiscal Studies (IFS).
Chancellor to explore reforms to business rates on second premises
Chancellor Rachel Reeves will look at fixing the cliff edges in business rates that can discourage small business investment and growth, according to a report from HM Treasury.
HMRC to resume taking tax owed by debtors directly from their bank accounts
HMRC has resumed its programme allowing direct recovery of money from debtors’ bank accounts
Over 850,000 self employed to be pulled into first phase of Making Tax Digital
HMRC has confirmed that 864,000 self-employed workers and landlords will be pulled into the quarterly reporting rules for MTD for Income Tax when it comes into force.
More small firms expect to shrink than grow
The proportion of small firms expecting to contract, sell or close outnumbered the percentage hoping to grow, the Federation of Small Businesses (FSB) has warned.