To help small business owners manage expenses and maximize savings, business energy experts Utility Bidder have outlined key financial dates to remember for the upcoming year and beyond.
Key Dates for Business Owners:
March 2025
- 26th March: Chancellor Rachel Reeves has confirmed that the Spring Forecast will take place on this date.
- 31st March: Deadline for filing Corporation Tax returns for companies with a financial year ending 31st March 2024. Missing this deadline may result in fines.
- March–October 2025: Implementation of Market-Wide Half-Hourly Settlement (MHHS) begins.
About MHHS: Mandated by Ofgem, MHHS is a major initiative to modernize the UK’s electricity market by enabling more accurate energy consumption measurement. It will rely on smart meters to settle energy use in half-hourly intervals, supporting net-zero targets and increasing market competition. Keeping meter readings updated ensures businesses are charged correctly for energy usage.