HMRC have published their Agent Update for October 2025. We have summarised the key content with links to our detailed guidance on the topics covered, including the introduction of a new student loan plan type, adjustments for calculating Capital Gains Tax (CGT) for the 2024-25 tax year, and updates to various areas of HMRC guidance.
Hello,
There are several important updates for employers this week, as HMRC publish their latest Employer Bulletin. In other tax news, we have updates on the Scottish and Welsh Budgets, and three new tax cases, including two Court of Appeal (CoA) decisions.
HMRC have published their Employer Bulletin for October 2025. We have summarised the key content for you, which links to our detailed guidance on the topics covered.
Mark Drakeford, Cabinet Secretary for Finance and Welsh Language, set out the 2026-27 Welsh Budget on 14 October 2025.
Missed our SME Tax Updates in September? Here is a summary of the month.
In Mainpay Ltd v HMRC [2025] EWCA Civ 1290, the Court of Appeal (CoA) found that an umbrella company did not have overarching employment contracts with its workers. This meant that reimbursed travel and subsistence expenses could not be paid tax-free.
Shona Robison MSP, Scottish Cabinet Secretary for Finance and Local Government, has confirmed that the 2026-27 Scottish Budget will be published on Tuesday, 13 January 2026. This is two days earlier than previously expected.
In GW Martin & Co Ltd & Anor v HMRC [2025] TC09650, the First Tier Tribunal (FTT) found that payments made under a tax avoidance scheme were taxable as employment earnings under s.62 ITEPA 2003 and s.3 SSCBA 1992.
Hello,
With the introduction of the first phase of Making Tax Digital for Income Tax (MTD for IT) less than six months away, HMRC have published guidance on how to apply for an exemption when taxpayers are considered 'digitally excluded'.
The Office for National Statistics (ONS) has published a correction to the Public Sector Finance figures because HMRC made mistakes in calculating VAT income. HMRC's error gives the Chancellor an extra £2.4 billion in VAT cash receipts and lowers UK borrowing by around £1bn in FYE March 2025.
