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Weekly tax highlights ― 17 February 2025

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance

Weekly tax highlights ― 17 February 2025

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance
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Direct taxes

Employer Bulletin: February 2025

HMRC has published the February 2025 issue of the Employer Bulletin, providing important updates and information relevant to employers and agents.

This edition includes updates and information on the following:

  1. •

    end of year reporting: Employers are reminded to prepare for end-of-year reporting, including the final Full Payment Submission (FPS) or Employer Payment Summary (EPS) by 5 April 2025. New online forms for PAYE and Construction Industry Scheme repayments have been introduced, and updates to Basic PAYE Tools will be released by the end of March 2025

  2. •

    tax Updates and Changes to Guidance: Changes to the classification of double cab pickups for tax purposes will take effect from 6 April 2025. The Official Rate of Interest may now change within the tax year, starting 6 April 2025. Employers are advised to check payroll for female employees paying reduced National Insurance rates

  3. •

    employee hours data requirements: Confirmation that employers will not be required to provide more detailed employee hours data to HMRC from April 2026

  4. •

    general Information and

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  • 17 Feb 2025 08:01

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