If you’ve been a little lax about making tax payments on time, you might want to take note of some big changes coming in April 2025. In a bid to close the tax gap, the UK government has announced some hefty penalty hikes for those who miss tax deadlines. So, what does this mean for you?

An employee's wages or salary are deducted from his or her gross salary through payroll deductions in the United Kingdom. Employers deduct these from employee paychecks before they receive net pay.

HMRC’s flagship tax transformation programme is now expected to cost five times the original forecast in 2016 (in real terms) following repeated delays. HMRC omitted significant costs to customers from some key business case documents seeking approval for further funding, according to a new report by the National Audit Office (NAO).

From employment law to tax and VAT, learn about important dates, deadlines, and upcoming changes to legislation that affect small businesses. Zyla Accountants is helping you prepare for 2023 with our must-read checklist