The Chancellors Budget and Forecast Statements
After weeks of leaks, tweaks and an OBR report that jumped the gun, Rachel Reeves has delivered her Autumn Budget for 2025. There were no surprises to spook markets, but the Chancellor has opted for stability over growth, sticking firmly to fiscal rules.
After a very busy Autumn Budget—the first under Chancellor Rachel Reeves—today’s Spring Statement revealed little in the way of taxation changes with more of a focus on tackling tax evasion in a bid to close the tax gaps.
How the Autumn Budget affects you and your business.
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After weeks of leaks, tweaks and an OBR report that jumped the gun, Rachel Reeves has delivered her Autumn Budget for 2025. There were no surprises to spook markets, but the Chancellor has opted for stability over growth, sticking firmly to fiscal rules.
Rachel Reeves, the first female Chancellor in UK history, presented her Autumn Budget in October. This was Labour’s first Budget in over fourteen years and both the Chancellor and PM had hinted that difficult decisions would have to be made.
Within the detail of Labour’s first Autumn Budget were several tax increases on company vehicles. These changes will most likely impact the level of tax paid by employees and overall net reward, as well as further increase costs for businesses too.
Yesterday the Scottish Finance Secretary, Shona Robison, announced the Scottish Government’s tax and spending plans for the year from 1 April 2025. There was a collective sigh of relief when she confirmed there would be no further income tax bands introduced this year, but she did raise the Land and Buildings Transaction Tax (LBTT) surcharge for those buying a second residential property in another...
As we step into 2025, the effects of the Autumn Budget 2024 will start to take shape, leaving businesses in the pharma and life sciences sector grappling with its implications. Was it a step forward or a setback? Only time will tell as the changes take effect.
In the government's first Budget, Chancellor Rachel Reeves announced several measures that will impact the UK's Financial Services sector, and we examine here the impact of the policies announced.
Chancellor Rachel Reeves' Autumn Budget contained a sizeable increase in employers' national insurance contributions (NICs). This article examines how this will impact the Financial Services sector's tax cost and compliance requirements.
The recent budget announcements signal a renewed focus on the UK’s energy and infrastructure landscape, particularly in the realms of renewable and clean energy. This strategic shift is crucial for the UK to meet its net zero commitments, and it is expected to provide a significant boost to the green energy sector.
The Budget presented by Rachel Reeves, the first female Chancellor in UK history, can only be described as a complex budget in challenging times, but how will the announcements impact the UK’s Manufacturing and Automotive businesses?
The Government has issued a corporate tax roadmap, which highlights the key points addressed in last week's Autumn Budget. Overall, there is little in the way of surprises for large corporates.
National Living Wage (NLW) rates are to increase from £11.44 per hour to £12.21, an increase of 6.7%, which is yet another large increase to the minimum wage.
Elections often hold surprises. However, this UK general election did not. Rarely has a landslide victory for one party been so thoroughly predicted across political pundits and financial markets. As predicted, Labour won a significant majority, roughly 170 seats at the time of writing. Conservatives survived as the opposition party, and Liberal Democrats picked up a significant number of votes,...
Labour announced further details on the proposed changes to the non-domicile regime, which were first introduced by the Conservative Government in Spring.
With the rise in AI and other disruptive technologies, companies continue to invest heavily in Research and Development (R&D).
As part of its 2024 election manifesto, Labour has committed to the removal of several tax exemptions from private schools resulting in additional VAT costs and compliance obligations.
Welcome to the Let’s Talk Tax series. Hosted by our team of tax experts, we bring you the latest UK and international insights, regulatory changes and technical updates that could impact you, your business and your sector.
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