Last week, all the remaining stages of the Finance Bill took place in the House of Lords on 19 March 2025. Although there was a debate, these stages were a formality only as the Lords cannot make changes to a Finance Bill. The Bill subsequently received Royal Assent on 20 March and is now Finance Act 2025. The Act reflects many of tax changes which are due to take effect from the start of the new tax year next week on 6 April 2025 or the beginning of the new Financial Year 2025 from 1 April 2025. We will be reminding readers of the key changes taking effect in next week’s Chartered Accountants Tax News.
We previously reported on the National Insurance Contributions (Secondary Class 1 Contributions) Bill, which will implement the changes to employer national insurance contributions announced in the 2024 Autumn Budget. The Bill was returned to the House of Commons to consider proposed amendments. It is expected that consideration of these amendments will take place today, Monday 24 March 2025.
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