In the Spring Budget earlier this year, the government announced that the temporary Annual Investment Allowance (AIA) cap of £1 million would be extended until 31 December 2021.
Autumn Budget 2021 – £1 million Annual Investment Allowance
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Autumn Budget 2025 – High Value Council Tax Surcharge
From 2028–29, homes in England worth £2 million or more will face a High Value Council Tax Surcharge of £2,500–£7,500. Fewer than 1% of properties will be affected, raising £430 million annually.
Autumn Budget 2025 – Alcohol and Tobacco Duty
From 2026, tobacco, vaping liquid, and alcohol duties will rise. Tobacco increases start this November, while alcohol and vaping changes follow next year.
Autumn Budget 2025 – Pension changes
From 2029, salary sacrifice for pensions will be capped at £2,000. Main allowances remain unchanged, and the Triple Lock stays in place.
There had been heated speculation that the Chancellor would change the pension rules to help
Autumn Budget 2025 – Minimum Wage increases
From April 2026, minimum wage rates will rise significantly, with the NLW reaching £12.71. New youth employment schemes will also launch.
Budget Summary 26 November 2025
The Budget Summary reveals frozen thresholds, higher taxes on investments, and new levies on property and vehicles, impacting individuals and businesses alike.
Pre-Budget tax planning – act now
With the UK Budget on the horizon, now is the time to act. Reviewing your allowances, income, and investments can help you make the most of current tax rules before any changes take effect.
Budget confirms change in non-dom tax status
It was confirmed as part of the Autumn Budget measures that changes announced by the previous government at the Spring Budget earlier this year will proceed almost entirely as initially announced. From April 2025, the government will abolish the
Autumn Budget 2024 – NIC changes
As had been widely predicted, the Chancellor announced increases to the rate of National Insurance contributions (NICs) that are paid by employers.
Budget summary 30 October 2024
The long awaited and much anticipated first Budget of the new Labour government was delivered to Parliament today – 30 October 2024 – by the Chancellor, Rachel Reeves. Here’s a summary of the key announcements.
Autumn Budget at a Glance
Rachel Reeves delivered her first Budget as Chancellor of the Exchequer on 30 October 2024. The Budget aims to deal with the £22 billion ‘black hole’ in public finances whilst restoring stability and rebuilding public services.
Recent speculation on forthcoming Budget
There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget on the 30th of October. Speculation is rife regarding the likely targets for tax increases. We have listed a few of the more persistent predictions below.
Measures to support household budgets
In a recent press release, the government confirmed policies to support household incomes from 1 April 2024.
Spring Budget 2024 – NIC changes
As had been widely expected, the Chancellor announced further changes to National Insurance contributions (NIC) rates for employees and the self-employed.
Budget summary 6 March 2024
Today, Chancellor Jeremy Hunt unveiled his Spring Budget 2024. Read our summary of the key announcements and impact of the tax changes.
Scottish Budget 2024-25
Scotland’s Finance Secretary, Shona Robison, presented her first Budget, addressing economic challenges post-Brexit. New tax bands aim to raise £1.5 billion in additional Income Tax revenue. Land transaction taxes remain stable. Approval by the Scottish Parliament is pending.
Spring Budget 2023 – Pension changes
One of the key measures of the Spring Budget was the announcement that the £40,000 cap on annual pension contributions will be increased by 50% to £60,000 from 6 April 2023.
Spring Budget 2023 – Capital allowances
Designed in part to help offset the increased Corporation Tax main rate, the Chancellor announced the introduction of a new ground-breaking 100% first-year capital allowance for qualifying plant and machinery assets.
Spring Budget Summary 2023
The Chancellor of the Exchequer, Jeremy Hunt, delivered his first Spring Budget to parliament on Wednesday 15th March. Here’s a summary of the key takeaways, including new variations in the UK tax rates, allowances, reliefs and other matters of interest in the update.
Autumn Budget 2021 – Dividend tax rates
As announced on 7 September 2021, the 1.25% increase in NIC contributions from April 2022 will be mirrored by a similar increase in the tax charge on dividends. From April 2022, the dividend tax increases will apply as follows:
Basic rate
Autumn Budget Summary 27 October 2021
As with the Spring Budget 2021, much of the detail for the Autumn Budget had been leaked to the press prior to the official report to parliament, 27th October 2021.
But we now have all the details and, as usual, there is much to consider. The
Autumn Statement 2023
Chancellor Jeremy Hunt’s November 22, 2023 Autumn Statement prioritizes inflation control, with potential delays to major tax cuts, possibly pushing the annual Budget to spring 2024.
What the 2026 Employment Law Changes Mean for Employers
From April 2026, employment law changes will tighten rules on pay, leave, redundancies, and enforcement, requiring employers to act early to stay compliant.
Tax-free and taxable State Benefits
Understanding which state benefits are taxable and which remain tax-free helps individuals manage income, avoid surprises and stay compliant with HMRC rules.