Read on for the latest accounting, tax & business news from TidyCloud
Tax and accounting bodies back e-invoicing adoption
The UK’s professional tax and accounting bodies have backed the adoption of e-invoicing in their responses to a government consultation.
One in four employers plan to make redundancies in next quarter
The number of employers expecting to increase staff numbers in the next three months has fallen to a record low outside of the pandemic.
Price rises most likely response to US tariffs
Price increases are the most likely response to US tariffs by affected firms, according to a survey conducted by the British Chambers of Commerce (BCC).
Companies House begins to verify identities
A new service has been launched that allows individuals to verify their identity directly with Companies House through GOV.UK.
Key Tax Changes April 2025
Several tax changes have taken effect in April 2025, here are some of the key ones to be aware of.
No further tax increases in Spring Statement
Chancellor Rachel Reeves announced ‘no further tax increases’ in the 2025 Spring Statement.
Employment reforms continue to stifle business hiring intentions
The government’s employment reforms are causing employers to put their hiring plans on hold, according to the Institute of Directors (IoD).
Financial benefit of MTD could be as high as £915 million
The financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC.
End of tax year 2024/25
The 2024/25 tax year ends on 5 April. Now’s your last chance to make sure you take advantage of the tax incentives available to you.