HMRC have released the November 2025 edition of the Employment-Related Securities (ERS) Bulletin. It contains some useful information and important reminders around the ERS reporting process. Here is our enhanced version.
SME Tax News
Hello,
On 4 November, the Chancellor gave an unprecedented pre-Budget ‘Scene Setter’ speech. This felt somewhat like the typical preamble we are accustomed to on Budget Day itself, immediately before announcements are made.
In John Boulting v HMRC [2025] TC09673, the First Tier Tribunal (FTT) found that a Purchase of Own Shares (POS) was carried out wholly or mainly for the purpose of benefiting a company’s trade.
The Welsh Revenue Authority has launched a consultation on legislative proposals relating to the Welsh Tax Acts. Views are being sought on proposals aimed at clarifying the application of tax in specific areas.
The Administrative Burdens Advisory Board (ABAB) has released its 'Tell ABAB report 2024 to 2025'. This demonstrates increasing levels of awareness around Making Tax Digital (MTD) for Income Tax, poor channels of communication with HMRC and a slight improvement in 'customer experience'.
Missed our SME Tax Updates in October? Here is a summary of the month.
With the introduction of Making Tax Digital (MTD) for Income Tax (IT) less than six months away, HMRC have begun writing to taxpayers who will be mandated into the regime from 6 April 2026.
Hello,
VAT on biscuits, reasonable excuses for late filing and the agency rules are among this week’s hot topics. We have also published another new guide, for subscribers, this time examining the Capital Gains Tax (CGT) and Income Tax consequences of land leases.
Westminster City Council has publicly criticised "unscrupulous traders" for trying to claim business rates tax exemption for running snail farms in commercial premises. This is a year after we reported that Liverpool Council had rejected a claim for agricultural business rates relief for an empty office building that was being used as a 'snail farm'.
In Tyler Security Limited v HMRC [2025] TC09663, the First Tier Tribunal (FTT) found that the agency rules applied to dog handlers being supplied through a third-party.
