An overview of recent tax developments and upcoming changes in the UK, primarily stemming from Legislation Day 2025. We discusses measures aimed at closing the tax gap and creating a fairer, more sustainable tax system, including proposed reforms to inheritance tax reliefs for agricultural and business property, and the inclusion of inherited pension pots in estates. We also outline HMRC's Transformation Roadmap, detailing its shift towards a digital-first organisation by 2030, and provides an update on the Making Tax Digital (MTD) for Income Tax initiative, clarifying exemptions and new concepts like 'latency'. Finally, we address an identified error with Class 2 National Insurance contributions for the 2024/25 tax year.Simply Accounts & TaxE: [email protected]: www.simplyaccountsandtax.com YouTube

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