HMRC Announces Updated Bonus Rates for SAYE Share Option Schemes from 23 May 2025
On 9 May 2025, HM Revenue & Customs (HMRC) confirmed revised bonus and early leaver rates applicable to Save As You Earn (SAYE) employee share option schemes. The updated rates will take effect from 23 May 2025 and apply to all SAYE contracts granted on or after that date. The SAYE scheme, widely referred to […]
Mandatory Payrolling of Benefits Delayed Until 2027
HMRC has confirmed that the mandatory payrolling of benefits in kind (BiK) will now be introduced from April 2027, rather than April 2026 as originally planned. The decision provides employers and payroll teams with an extra year to prepare for the change. Although the requirement is delayed, employers may still choose to payroll benefits on […]
Right to Work Checks to Be Extended to Gig Economy
The government plans to expand the scope of right to work checks through a new clause in the Border Security, Asylum and Immigration Bill. At present, checks are required only for individuals working under standard employment contracts. Under the updated rules, these checks would also apply to less traditional arrangements, such as casual workers, individual […]
New Single Tax on Securities to Replace Stamp Duty
From 2027, a single tax will replace stamp duty and Stamp Duty Reserve Tax (SDRT) on the purchase of UK securities. The changes, which were confirmed in the Government’s Spring 2025 Tax Update, aim to simplify the current system and improve efficiency. How will the new single tax work? The buyer will be […]