The Chancellor, Rachel Reeves, presented her Spring Statement on 26 March 2025. It walked the tightrope of keeping to the Government's fiscal rules and not increasing taxes while addressing a £14bn deficit in public finances. The Chancellor confirmed that the Office of Budget Responsibility (OBR) had cut its growth forecast for the coming year in half from 2% to 1%.

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With the Chancellor’s Spring Statement just a few days away, there is a little less tax news than normal this week. As a result, we continue to focus on planning around the end of the tax year, and we explore some particularly interesting court and tribunal decisions.

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News this week includes a proposed reporting easement for ‘side-hustlers’ and a new service for tax agents to escalate and resolve self-assessment and PAYE queries with HMRC. We also continue to look forward to the new tax year, with a range of new and updated guides and resources.

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This week we bring news of the planned closure of the HMRC/Companies House joint online filing service for companies. We explore HMRC’s new consultation on the proposed changes to Agricultural Property Relief (APR) and Business Property Relief (BPR), and, as the end of the current tax year draws near, we consider last-minute tax planning opportunities for 2024-25.

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This week we explore HMRC’s February Agent Update, new advisory fuel rates, HMRC’s latest compliance activity and much more besides.