Monthly Tax Update - November 2025

Objectives

To update delegates on recent and proposed changes in taxation that are relevant to their clients.

Key topics

BUDGET 2025 PREDICTIONS

• Sharon’s blog: Autumn Budget Tax Rises Loom: Why Accountants Must Prepare Now for Client Conversations and Strategic Advisory

EMPLOYMENT TAXES

• Tackling tax non-compliance in the umbrella company market – Legislation Day Update
• Dog handler provider bitten by the agency rules
• No shelter under umbrella for travel and subsistence payments

BUSINESS & CORPORATE TAXES

• Purchase of Own Shares – background
• Purchase of own shares – recent FTT ruling
• Loans to participators (s455) – background
• HMRC contacting agents about loans to participators

VAT

• VAT measures that will probably be announced in Budget 2025
• VAT on food: Were HMRC taking the biscuit?

ETHICS AND PROFESSIONAL CONDUCT IN RELATION TO TAXATION

• Source of ethical principles and rules
• Professional Conduct in Relation to Taxation
• Further training

Who should attend

Accountants in general practice who advise on tax planning and compliance.