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Highlights from the broader tax news for the week ending 28 October 2025, including: a reminder for employers that the November 2025 payment deadline falls on a weekend; and improved HMRC guidance to help with compliance checks.

A UK exporter paid the price when selling goods to a company incorporated in Russia operating in a third country. The case highlights the need for businesses to completely understand sanctions rules and their implications.

In a package of reforms aimed at reducing bureaucracy and supporting businesses growth, the UK government has announced plans to remove the requirement for companies to prepare a directors’ report as part of their annual report and accounts.

If cyber security training is to be relevant and effective, business owners and organisation leaders must ensure that it is specifically tailored to how their companies work and the risks they face on any given day.

Security experts at a mid-tier audit firm knew they had to act swiftly when they discovered an attempt on their own system, in which their servers were almost breached by cyber criminals, and used it as a lesson to bolster their own security and training across the business.

When stepping onto a board or taking up a leadership role, how do you assess the ethics of the organisation? Here are the key questions you need to ask.

The monthly public sector finances release for August 2025 published by the Office for National Statistics (ONS) on 19 September reported a provisional shortfall between receipts and total public spending of £18bn in August 2025 and £84bn for the five months then ended. These were £6bn and £12bn over budget respectively and £4bn and £16bn higher than in the same periods in 2024.

The government has announced that it will explore options for reforming business rates, including overhauling small business rates relief to make it easier for smaller businesses to invest and grow.

HMRC has published guidance setting out what it expects of taxpayers who are considering applying novel or improbable interpretations of the law, or are uncertain how the law applies when submitting a tax return or similar document.

Taxpayers who owe tax of up to £50,000 under simple assessment can now apply online for a time to pay arrangement with HMRC.

UK businesses now face tariffs on “vast majority” of exports to the US, following Trump’s suspension of de minimis duty-free treatment of low-value goods from abroad.

As businesses across the Republic of Ireland and Northern Ireland face US tariffs and ongoing turmoil, how can organisations build resilience, manage supply chains and make the right decisions to ensure they thrive?

The UK economy is feeling the effects of growing domestic and international headwinds as GDP slows and inflation continues to rise. ICAEW’s Economies Director Suren Thiru discusses the implications.

HMRC will run a digital campaign to ensure that income tax self assessment (ITSA) taxpayers do not claim tax relief for personal expenditure when completing tax returns for 2025/26.

To promote trust and consumer confidence, the British Standards Institution has published a new standard on auditing artificial intelligence management systems.

HMRC is writing to companies that may have failed to include the correct number of associated companies in their corporation tax return and as a result claimed marginal relief in error.

Following a recent court decision, HMRC is warning homebuyers to take care if they are considering claiming a repayment of stamp duty land tax (SDLT) on the basis that the property is in need of repair.

An accountant that worked across Europe in the 1930s and then used his local knowledge, as well as his business and accounting skills to mastermind clandestine activities during the Second World War.

How to grow: scaling a business isn’t just about growth, it’s about growth with resilience – especially during these times of greater uncertainty.

As reported by ICAEW According to Ofgem, the domestic energy price cap in Great Britain for the third quarter of 2025 commencing on 1...