January downloadable guides

What are the changes to UK company size thresholds?

The UK government has increased the thresholds for small and medium size companies from April 2025. These changes will reduce the amount of reporting required in sets of accounts as well as increasing the level at which companies need an audit of their financial statements.

The increase in Employer’s National Insurance in April 2025

A key measure from the recent autumn budget was the announcement that employer’s national insurance (NI) will increase from 13.8% to 15% from 6 April 2025.

In addition to the increase in rate, the threshold at which employers start paying NI on their employees’ salaries will fall from £9,100 to £5,000.

Tax for online sellers

HMRC has been publicising the tax treatment of income for online sellers on websites such as eBay and Vinted as the platforms start sharing their sales data with HMRC from January 2025. The announcement comes as online platforms start sharing sales data with HMRC from January 2025, a new process that when announced last year, generated claims that people would have to pay tax when they sold their unwanted items online.