Autumn Budget 2025

Yesterday’s Autumn Budget 2025 finally ended an extended period of intense speculation. Business owners have been braced for Rachel Reeves’ latest raft of tax increases, while still working to adjust after the last round.

With what felt like a never-ending succession of stories, media speculation around the potential content had been rampant for weeks.

The Reality…

The Chancellor’s announcements yesterday have finally provided clarity, allowing us all to move from speculation to practical planning.

The key announcements included:

• Personal Tax thresholds to be frozen for three years from 2028-29.
• Salary sacrificed pensions contributions to be taxed.
• Increased tax rates on dividends, property and savings income.
• Writing Down Allowance main rate for Corporation tax reduced.
• Mileage based charge for electric vehicles from 2028.
• Gambling tax increased.
• Capital Gains Tax reduced.
• Mansion Tax introduced on properties worth over £2m.
• Increased Tax administration, compliance and debt collection measures.
• Fuel duty freeze extended and then to increase.

The Summary…

As ever, our summary includes the key measures announced yesterday, along with more detailed analysis and guidance on what the announcements might mean for you. Click below to access your copy.

If you’d like to read the Chancellor’s speech in full, you can do that here.

There was a lot of content in yesterday’s speech, and there will definitely be more detail to come. We’ll work through all of that, and the inevitable small print, and will post updates with this extra information as appropriate.

As always, if you have any specific questions from any of the announcements so far or the impact they may have on your personal or business affairs, please get in touch.