Weekly tax highlights ― 6 May 2025

Produced by a Tolley Owner-Managed Businesses expert

Owner-Managed Businesses

Guidance

Direct taxes

Check Employment Status for Tax (CEST) tool updated

As announced in the spring update the CEST tool has been updated.

As announced in the spring update, the tool has been amended to simplify the language. Information for some taxpayers has been removed where special rules apply and is now covered within the tool itself. Useful links have also been included for related guidance.

See Simon’s Taxes E4.1040.

Employment Related Securities Bulletin 60

HMRC has published Employment Related Securities Bulletin 60 (April 2025).

Updates in the Bulletin include:

•
employer’s National Insurance contributions joint elections: changes to the administration process ― As announced in the spring update changes have been made to elections to transfer employer’s NIC to employees who have employment related securities. The elections to transfer NIC to single or multiple employees have been updated and are now pre-approved HMRC legal documents.
•
reminders to submit ERS returns and EMI notifications by 6 July.
•
changes to employee benefit trusts introduced in FA 2025.

See Simon’s Taxes E4.508F.

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