Hello,
After many weeks of anticipation, we finally have the contents of the 2025 Autumn Budget confirmed. In an unprecedented occurrence, some Budget policies were leaked before the Chancellor took to the Dispatch Box, owing to the Office for Budget Responsibility (OBR) publishing its Economic and Fiscal Outlook document online, ahead of schedule.
There is a vast amount to digest in the detail, with many measures that have not made it to the mainstream headlines. It is hard to think of anyone who will not be affected in some way by the announcements.
The rossmartin.co.uk team have been working through the night to deliver our most comprehensive Budget coverage to date. Below you will find our freeview ‘At a glance’ guide to the Budget, which gives a basic summary of the major tax announcements.
In addition, having analysed the Budget small-print, we have also published 12 exclusive subscriber-only guides which delve into the detail of the announcements to give you a clear summary of the essential information you need to be up-to-date and effectively advise your clients.
Some pre-budget speculation came true, with changes to the salary sacrifice rules in respect of pension contributions, the introduction of a mansion tax and the largest tax-raising measure: a further freeze to the personal allowance, higher and additional Income Tax rate thresholds.
The Chancellor did, however, make some announcements that were less well anticipated. These included increased rates of Income Tax for dividends, savings and property income, and a restriction on the amount of Capital Gains Tax (CGT) relief available on a disposal to an Employee Ownership Trust (EOT).
Capital allowances also saw some changes, with a reduction to the main rate of Writing Down Allowances and the introduction of a new 40% First Year Allowance.
If you are not a rossmartin.co.uk subscriber, you can sign up here. As well as gaining instant access to our current Budget coverage, you can look forward to additional expert analysis in the coming days and weeks.
The rossmartin.co.uk tax team
Online PRACTICAL tax resources for accountants and tax advisers BY accountants and tax advisers.
Autumn Budget 2025
Autumn Budget 2025: At a glance
The Chancellor, Rachel Reeves, presented her Autumn Budget on 26 November 2025. This is our 'At a glance' summary of the key tax announcements and measures.
Capital Allowances: Autumn Budget 2025
Changes to Capital Allowances announced at the 2025 Autumn Budget on 26 November 2025 include a new 40% First Year Allowance for companies and unincorporated businesses and a reduction to the main rate of Writing Down Allowance.
Capital Gains Tax: Autumn Budget 2025
Changes to Capital Gains Tax (CGT) announced at the 2025 Autumn Budget on 26 November 2025 include the halving of relief for Employee Ownership Trusts and exclusion for Business Asset Disposal Relief purposes. There is also a new requirement to claim Incorporation Relief, which has previously been automatic.
Companies: Autumn Budget 2025
Changes for companies announced at the 2025 Autumn Budget on 26 November 2025 include increases to the investment limits for the Enterprise Investment Scheme and Venture Capital Trusts.
Compliance & Administration: Autumn Budget 2025
Changes to compliance and administration announced at the 2025 Autumn Budget include tax advisers being required to register with HMRC and a doubling of Corporation Tax late filing penalties. Longer term, e-invoicing will become mandatory for all VAT invoices in 2029 and behavioural penalties will be simplified.
Employment Taxes: Autumn Budget 2025
The 2025 Autumn Budget saw changes to employment taxes, including a cap on relief from National Insurance for salary sacrifice pension contributions, the removal of tax relief on non-reimbursed homeworking expenses, an increase in National Minimum Wage (NMW)/National Living Wage (NLW) rates and changes to the eligibility criteria for various share schemes.
Income Tax and National Insurance (for individuals): Autumn Budget 2025
Changes to Income Tax and National Insurance (for individuals) announced at the 2025 Autumn Budget on 26 November 2025 include an increase in the rates of Class 2 and Class 3 National Insurance, separate rates of Income Tax for property income, an increase in the rates of tax on savings income, an increase in the rates of dividend tax and a reform to the current ISA system.
Inheritance Tax: Autumn Budget 2025
Changes to Inheritance Tax (IHT) announced at the 2025 Autumn Budget on 26 November 2025 include IHT thresholds being frozen at their current levels for an additional year until 2031, and the introduction of a spousal transfer on any unused APR/BPR £1m allowance.
Land & Property: Autumn Budget 2025
Changes to land and property announced at the 2025 Autumn Budget on 26 November 2025 include higher rates of Income Tax on property income, the introduction of a 'mansion tax' on high-value properties and a business rates relief package.
Large Corporates: Autumn Budget 2025
Changes for large corporates announced at the 2025 Autumn Budget on 26 November 2025 include a significant focus on Transfer Pricing.
Overseas & Residence: Autumn Budget 2025
Changes to overseas and residence announced at the 2025 Autumn Budget on 26 November 2025 include aligning PAYE and Overseas Workday Relief, abolition of the dividend tax credit for non-UK residents and changes to voluntary NICs for periods spent abroad.
Stamp Taxes: Autumn Budget 2025
Changes to Stamp Taxes announced at the 2025 Autumn Budget include a Stamp Taxes on Shares modernisation project intended to lead to Stamp Duty and Stamp Duty Reserve Tax being replaced by a single tax on transfers of securities that will be known as the Securities Transfer Charge (STC).
VAT: Autumn Budget 2025
VAT changes announced at the 2025 Autumn Budget include the exclusion of ride-hailing services from the Tour Operators Margin Scheme (TOMS) and a new relief for businesses donating goods to charities.
Budget Update webinar: the accountants’ guide and insights – planning strategies and more. Live at 10am on 28 November and on demand thereafter. Order now at £99+VAT per person.
Quick News
Advisory fuel rates from 1 December 2025
HMRC have published new advisory fuel rates for company car drivers that apply from 1 December 2025.
Guides & Updates
Self-employed
Fines and penalties
How are fines, penalties and payments for damages treated for tax purposes? What determines whether a fine or penalty is allowable or disallowable?
Losses (sideways): Restriction for uncommercial trades
What is sideways loss relief? What restrictions apply? When do they apply? What is an uncommercial trade?
Partnerships
When does a partnership exist?
When does a partnership exist? Why does it matter? What are the implications for different taxes?
Directors & Companies
Pre-trading expenses (companies)
What are pre-trading expenses? What tax relief is available for pre-trading expenses? What are the restrictions to relief? What expenses will not qualify? What about pre-incorporation expenses?
Employers
Agency workers: Employment intermediaries rules (subscribers)
What are the tax rules for employment intermediaries and agencies? Are agency workers subject to PAYE?
Private Client & Estate Planning
CGT: Date of acquisition or disposal
When is the date of acquisition or disposal of an asset for Capital Gains Tax (CGT) purposes? When do special rules apply? Why does it matter?
Tax Return questionnaire
What information is needed to complete a Self Assessment Tax Return? This questionnaire will help you gather the documents and information required.
Capital Allowances
What expenditure qualifies for plant & machinery allowances?
What is plant and machinery? What expenditure qualifies as plant and machinery? What is treated as part of a building?
VAT
Correcting VAT errors
What are the VAT error correction time limits? Can you correct errors through the VAT return? Do you have to notify HMRC?
Fuel scale charges (VAT)
What is the VAT fuel scale charge? What alternatives are there to the VAT fuel scale charge? Does the VAT fuel scale charge apply to vans?
Continuing Professional Development (CPD)
Recent and upcoming webinars include:
- Budget Update
- Monthly Tax Update - November 2025
- Practice Insight - November 2025 (free)
- Monthly Tax Update - October 2025
- Practice Insight - October 2025 (free)
- Making Tax Digital for Income Tax - Roadmap to April 2026
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Virtual Tax Partner© Support
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