Budget 2025 – changes to business rates

A round-up of the impact on different types of businesses

Promoting electronic invoicing across UK businesses and the public sector

The UK will introduce mandatory e-invoicing for all VAT invoices from 2029

Consultation: Proposed amendments to the SASB Standards (SASB/ED/2025/1) and the Industry-based Guidance on Implementing IFRS S2 (ISSB/ED/2025/2)

ACCA welcomes the opportunity to provide views in response to the ISSB’s exposure drafts (ED) on proposed amendments to the SASB Standards (SASB/ED/2025/1) and the Industry-based Guidance on Implementing IFRS S2 (ISSB/ED/2025/2), which should be read together. We appreciate the efforts that have gone into these projects, and provide our comments on areas which we consider most important or where we have perspectives to add.

ACCA: Recommendations for ASEAN

In support of ASEAN’s long-term vision for regional competitiveness and integration, this paper sets out ACCA’s policy recommendations to ASEAN policy-makers, regulators and business leaders.

Personal allowance for higher rates

Includes an example for a higher rate taxpayer

Tax rise on property, savings and dividend income

Changes aim to narrow the gap between tax paid on income from employment and income from assets

CGT and the disposal of employee ownership trusts

Capital gains tax relief to be halved from November 2025

Work from home expenses

New restrictions on claiming additional allowances

Apprenticeship levy unchanged

Levy unchanged, but Level 7 apprenticeships are changing

Reform of salary sacrifice pension contributions

Government introduces £2,000 NICs cap from 2029

High Value Council Tax Surcharge

New charge on residential properties in England worth £2m or more

Fixed late filing penalties for corporation tax to increase

Government intends to restore original value and encourage greater compliance

EMI scheme gets a boost for scale-ups

Reforms support the government’s efforts to support entrepreneurship

Umbrella companies and PAYE

New measure may impact 700,000 individuals who work through umbrella companies

Update on MTD for ITSA

Those joining the scheme will not face late-submission penalties in the first year

Capital allowances and electric car changes

The Chancellor has announced two key changes for capital investments and changes to the taxation of electric cars

Reeves boosts her fiscal headroom amid large tax rises

Uncertainty remains around the impacts of tax rises and the UK’s future productivity

Income tax thresholds

Outlining changes to the application of these thresholds

EIS and VCT: new limits and tax relief changes

Greater support for early-stage and scaling companies

Creating and updating your AI usage policy

Why it is crucial to implement a robust internal policy

Consultation: Late payments: tackling poor payment practices

ACCA welcomes the opportunity to respond to the Department for Business and Trade (“DBT”) on Late payments consultation: tackling poor payment practices.

Key MTD compliance and professional indemnity insurance considerations

The PII considerations that accountants need to keep in mind

Consultation: Guidance for audits of smaller and/or less complex entities – Practice Note Exposure Draft

ACCA welcomes the opportunity to provide feedback on the Guidance for audits of smaller and/or less complex entities - Practice Note Exposure Draft (“the practice note”).

Consultation: Artificial Intelligence in the Malaysian Financial Sector

ACCA welcomes the opportunity to provide feedback on Bank Negara Malaysia’s discussion paper, Artificial Intelligence in the Malaysian Financial Sector.

FRC small and medium-sized enterprises market study

ACCA welcomes the opportunity to contribute to the Financial Reporting Council’s (FRC) market study into the challenges faced by small and medium-sized Enterprises (SMEs) in relation to audit and reporting.

Consultation: Post-implementation Review of IFRS 16 Leases

ACCA welcomes the opportunity to provide views in response to the IASB’s request for information for the post-implementation review of IFRS 16 Leases (the Standard). We hope that our comments, which include feedback from our Global Forum for Corporate Reporting, are a helpful contribution to this process.

Consultation: Budget 2025 – Stakeholder Representation

Budget 2025 Stakeholder Representation - ACCA

Consultation: HMRC summary of responses - Closing in on promoters of marketed tax avoidance

ACCA wrote to HMRC to highlight our principle observations and concerns. Please download the attachment on this page to read this submission.

Consultation: HMRC’s policy paper on Enhancing powers to tackle tax advisers who facilitate non-compliance, and modernising and mandating tax adviser registration

ACCA wrote to HMRC to highlight our principle observations and concerns on HMRC’s policy paper on Enhancing HMRC's powers to tackle tax advisers who facilitate non-compliance, and Modernising and mandating tax adviser registration with HMRC.

Consultation: FRED 87 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland

ACCA welcomes the opportunity to provide feedback on FRED 87 ‘Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Adapted formats.

AASG risk assessment

New guidance on verifying beneficial owners has been released

Consultation: European Commission open consultation on the 28th regime

ACCA welcomes the opportunity to comment on the EC’s public consultation on a new 28th regime. ACCA supports the concept, including alignment initiatives that make it easier for small businesses to grow and enter new markets. Our overarching message is that regulation remains proportionate and limited to what is necessary.

Consultation: Amended ESRS - Exposure Draft 2025

ACCA welcomes the opportunity to respond to EFRAG’s consultation on the amended ESRS exposure draft. The proposed amendments represent progress towards simplification of the ESRS and enhanced interoperability with the IFRS Sustainability Disclosure Standards.

Consultation: Securities and Exchange Commission of Pakistan’s (SECP) Gender Equality Policy 2025–2028

ACCA welcomes the opportunity to provide feedback on the Securities and Exchange Commission of Pakistan’s (SECP) Gender Equality Policy 2025–2028.

Ireland for Finance Strategy 2026 to 2030

A public consultation issued by the Department of Finance, Ireland Comments from ACCA to the Department of Finance, Ireland

Exposure draft of UK Sustainability Reporting Standards: UK SRS S1 and UK SRS S2

A public consultation issued by the Department for Business and Trade Comments from ACCA to the Department for Business and Trade

Developing an oversight regime for assurance of sustainability-related financial disclosures

A public consultation issued by the Department for Business and Trade Comments from ACCA to the Department for Business and Trade

Transition plan requirements: implementation routes

A public consultation issued by the Department for Energy Security and Net Zero Comments from ACCA to the Department for Energy Security and Net Zero

Lockton’s cybersecurity checklist

Protecting your practice from attacks

FRC Stewardship Code 2026 Draft Guidance

ACCA's most recent response on the Code's development, we support the creation of tailored guidance that helps signatories to disclose and explain the effectiveness of their investment goals.

Consultation: Advisory Committee on Sustainability Reporting (ACSR) Proposed Framework for Sustainability Assurance

ACCA commends the Advisory Committee on Sustainability Reporting (ACSR) on developing the Proposed Framework for Sustainability Assurance and for inviting public feedback on the proposed framework through a formal consultation process.

Consultation: Proposed International Standard on Sustainability Assurance (UK) 5000

ACCA welcomes the opportunity to comment in response to the FRC Proposed International Standard on Sustainability Assurance (ISSA) (UK) 5000.

What is FGI and why is this cover important?

Guarding against first-party fraud or theft

Consultation: Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships 2026

ACCA welcomes the opportunity to respond to the Draft Statement of Recommended Practice – Accounting by Limited Liability Partnerships 2026.

Consultation: Corporate Governance Framework (CGF) Public Exposure

ACCA welcomes the opportunity to contribute to the Corporate Governance Framework (CGF) - Public Exposure issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and National Association of Corporate Directors (NACD).

Consultation: The Tax Administration Framework Review - Improving HMRC’s approach to dispute resolution

ACCA welcomes the opportunity to comment on the Tax Administration Framework Review: Improving HMRC’s approach to dispute resolution. We acknowledge HMRC’s efforts to increase the use of ADR and look forward to contributing to future consultations.

Consultation: ISSB exposure draft (ED) for proposed amendments to IFRS S2 in relation to greenhouse gas emissions

ACCA welcomes the opportunity to provide views in response to the ISSB’s exposure draft (ED) on proposed amendments to IFRS S2 in relation to greenhouse gas emissions disclosures.

Preparing for the EU AI Act

Compliance and insurance guidance for AI providers and deployers

Consultation: Invitation to comment on Exposure Draft Charities Statement of Recommended Practice (SORP)

ACCA welcomes the opportunity to respond to Exposure Draft of the new Charities SORP. The SORP has an essential role to provide charity sector specific guidance in applying the updated Financial Reporting Standard FRS102 applicable in the UK and the Republic of Ireland issued in September 2024.

Consultation: HMRC's reform to behavioural penalties

ACCA welcomes the opportunity to respond to HMRC’s Open consultation: Behavioural penalties reform. There are innumerable benefits of a more consistent, streamlined penalties system.