Insights

Budget 2025 Changes to Income Tax

The personal allowance and tax thresholds remain frozen until 2031, steadily pulling more people into higher tax bands. However, from April 2026, dividend tax rises by 2%, with further increases to savings and property income from 2027. Penny White, Associate Director Tax provides a detailed explanation.

November 28, 2025

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Capital Allowances Changes in Budget 2025: What Business Owners Need to Know

The budget introduced two significant changes to the UK’s capital allowances rules for providing tax relief on expenditure on qualifying plant & machinery. They are aimed at encouraging investment by accelerating relief for a wider range of businesses, however the actual impact is likely to be more nuanced and require careful planning to ensure that […]

November 28, 2025

Effect of the budget on landlords

Amid further press speculation as to proposed changes prior to this weeks’ Budget, we finally know what is actually in store for landlords over the next couple of years. Hot on the heels of the recent raft of new legislation affecting the property market, the Chancellor’s speech sees further announcements targeting landlords Charles Dickens famously […]

November 27, 2025

Salary sacrifice: The cap is coming

Salary sacrifice is a popular way to boost pension savings. Employees give up part of their salary, and their employer pays the equivalent amount into their pension. The big win? Both employee and employer save on National Insurance contributions (NIC), making it a hugely tax-efficient strategy. Change is however on the horizon. From April 2029, […]

November 27, 2025

Budget 2025 Inheritance Tax- More than meets the eye?

Following the introduction of the restriction to Agricultural Property Relief (APR) and Business Property Relief (BPR) to £1m at 100% in the 2024 budget, farmers and other business owners have been forced to consider succession planning more quickly than they had expected. Historically, with the availability of 100% relief on qualifying property, and the CGT […]

November 27, 2025

CGT relief slashed for EOT disposals

Under the new rules announced in the Budget, Capital Gains Tax (CGT) relief for business owners selling shares to an Employee Ownership Trust (EOT) has been substantially reduced. Effective immediately (26 November 2025) CGT relief will be reduced from 100 per cent to 50 per cent. The change is intended to ‘retain a strong incentive […]

November 27, 2025

Budget 2025 – the full report

Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget. The increases will be achieved through a range of measures, including extending the freeze on Income Tax thresholds for a further three years. Tax increases In addition to maintaining Income Tax thresholds, taxes on property, dividend and saving income will be […]

November 27, 2025

Budget 2025 – The rumours and the facts

On 26th November 2025 the UK Chancellor presented her much-anticipated second Budget. Her speech was prefaced by a stern dressing down by the Deputy Speaker about the discourtesy shown to the House of the way in which Rachel Reeves has courted the press in recent months. And courted it she has, with rumours rife in […]

November 27, 2025

The UK Budget – an overview

Following widespread speculation and an early leak of the OBR’s report, Rachel Reeves presented the 2025 Budget today. In her address, Reeves emphasized that the budget made the “fair and necessary choices” required to fulfill the government’s commitment to change. Whilst our experts digest the content and prepare more detailed guidance, here is a brief […]

November 26, 2025

Summary of the Charity SORP 2025 release

The Charity SORP Committee published the 2025 Statement of Recommended Practice (SORP) in October, following extensive consultation. The new SORP introduces several major updates to charity financial reporting, with the most significant changes outlined below. Introduction of a three-tier reporting framework A new size-based tier system aims to reduce reporting burdens for smaller charities while […]

November 24, 2025

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