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A paper file with the title of 'LOANS'
Updated on 31 March 2025

Loan charge review – call for evidence launched

The government has commissioned a new independent review of the Loan Charge. A call for evidence has now been published, closing on 30 May 2025. Individuals wishing to respond are asked to do so at their earliest opportunity, using the form provided. 

numerous piles of coins of different heights ranging from low to high with little blue people figures on top of each pile.
Updated on 20 March 2025

NMW increases – why you might not feel the full effect

From 1 April 2025, the national minimum wage (NMW) for adults 21 and over will increase to £12.21. For many low paid workers, this may help with the increased cost of living. However for others, the pay rise may be less than expected, due to various interactions. Here we set out a few of the key ...

Black text on a white background that reads 'THE END'
Updated on 14 March 2025

The end of the tax credits system

Tax credits are being replaced by universal credit. Most existing tax credit claimants have now moved to universal credit or pension credit. In line with previously announced plans, there will be no more tax credit awards after 5 April 2025. If you are still receiving tax credits, you may need to ...

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