Weekly tax highlights ― 10 February 2025

Produced by a Tolley Owner-Managed Businesses expert

Owner-Managed Businesses

Guidance

Direct taxes

Updated bonus rates for Save As You Earn share option schemes

The bonus rates for Save As You Earn (SAYE) share option schemes have been reduced with effect from 21 February 2025.

The bonus rates for Save As You Earn (SAYE) share option schemes have been reduced with effect from 21 February 2025 following the cut in the Bank of England base rate to 4.5%.

See Simon’s Taxes E4.577.

SI 2025/111 The Designation of Special Tax Sites (East Midlands Investment Zone) Regulations 2025

Regulations have been made to designate special tax sites in the East Midlands Investment Zone.

These Regulations designate special tax sites within, or connected to, the East Midlands Investment Zone in which certain tax reliefs are available.

The tax reliefs available in special tax sites in England include Stamp Duty Land Tax (SDLT) relief on qualifying acquisitions of land, a 10% enhanced rate of structures and buildings allowance, a 100% first year allowance for qualifying expenditure on plant and machinery, a zero rate of secondary Class 1 National

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