After the Budget, the Business & Accountancy Daily team trawled through the detail to provide a rundown of over 30 key measures affecting businesses, accountants and tax advisers with details of the changes, reaction and implications for individual taxpayers and business owners. Our selection of the most important announcements is listed below. For detailed technical information, download the Budget 2025 Report by our team of Croner-i tax specialists
- Dividend tax up 2% from 2026
- Abolition of £62 homeworking tax relief
- Overhaul of self assessment in-year payments
- 2% rise in income tax on property
- Tax on savings interest hiked by 2%
- Writing down allowance reduced to 14%
- Pension salary sacrifice capped at £2k
- ISA limit slashed to £12k
- MTD penalties waived in year one
- HMRC will end letters in post from March 2026
- Government drops plan to regulate tax advisers
- £2.5k mansion tax for expensive houses
- Thresholds frozen to 2031
- 3p mileage charge for EVs
- Mandatory e-invoicing by 2029
- £1m IHT allowance transferable for farms and business
- Enterprise management incentive eligibility expanded
- 50% CGT on employee ownership trusts
- Treasury confirms loan charge settlement will cost £365m
- McCann loan charge review calls for HMRC to offer settlement opportunity
- HMRC will contact loan charge people with offer in January
- How loan charge bills will be calculated
- Bolt and Uber caught by TOMS ban on VAT on taxi fares
- Fuel duty up 5p in staged rise
- All private jet passengers to pay APD
- £1bn hike in gambling taxes
- HMRC to pay tax whistleblowers
- More powers for HMRC
- HMRC register for tax advisers mandatory from May
- Penalties for late corporation tax filing double
- Employee car ownership schemes saved
- Long grass for £135 low-value parcel threshold
Plus
Download the Budget 2025 Report by our team of Croner-i tax specialists for expert analysis all in a handy PDF