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07 Apr 2025
Increases to the National Living Wage and National Minimum Wage took effect from 1 April.
Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.
The first Finance Act of the Labour government has gained Royal Assent and passed into law.
The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.
The financial benefits of MTD for VAT could be as high as £915 million, according to analysis carried out by HMRC.
Chancellor Rachel Reeves has unveiled plans to cut red tape as the government aims to kickstart economic growth.