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Autumn Budget 2025

November 27, 2025

Autumn Budget 26 November 2025

This was Rachel Reeves’ 2nd Budget as Chancellor since the current Government was elected in 2024. We would not blame anyone for thinking that the Budget had been going on for at least a month or so beforehand with all the briefing and media announcements in advance. Those...

Employment legislation changes - April 2025

March 28, 2025

National Insurance Changes

From 6 April 2025, there will be the following key changes to National Insurance:Changes to Contribution Rates:The rate at which employers pay National Insurance will be adjusted from 13.8% to 15%. This will increase the cost of employing all staff from 6 April 2025.Decrease...

AUTUMN BUDGET - 30 OCTOBER 2024

October 30, 2024

The Budget of huge change. Rachel Reeves delivered her first Budget for the new-ish Labour Government, notable as the first by a female Chancellor in the UK’s history.Prior to the Budget there had been huge speculation about the content. Tax rises were expected, and the Ch...

Making Tax Digital – Update September 2024

September 5, 2024

We wanted to update you with the latest position on Making Tax Digital. For those that don’t know this is a long term project by HMRC (the UK Government’s tax collection agency) to digitalize tax records. The thinking is that digital and more regular filings will reduce ...

BUDGET 2024

March 7, 2024

Key points

The key points are covered below. You can also view or download our more detailed booklet by clicking the link above:OverviewMost tax rates and allowances were announced in advance at the Autumn Statement, and the significant new proposals were all predicted – there were n...

Autumn Statement 2023

November 23, 2023

Mind your headroom

In the weeks leading up to the Autumn Statement, the press was full of speculation about tax cuts. This was a surprise, just over a year after the tax cuts announced by Kwasi Kwarteng were judged imprudent by the international markets, contributing to a fall in the value of ...

Autumn Statement 17 November 2022

November 18, 2022

This was the third fiscal statement this year and the third different chancellor to deliver it. We have had four Chancellors in the UK this year, but Chancellor three of the year, Nadeem Zahawi, didn’t get the opportunity to deliver a fiscal statement at all. Jeremy Hunt�...

The Growth Plan

September 23, 2022

EDIT - 17 October 2022

The text below was written at the time of the fiscal statement on 23 September 2022. Since then the original Chancellor, Kwasi Kwarteng, rowed back on the removal of the Additional Rate (45% tax above £150,000 of personal income). After pressure from&nbs...

Autumn Budget 2021

October 27, 2021

AUTUMN BUDGET 2021

Rishi Sunak delivered his third Budget as Chancellor on 27 October 2021. This year it was combined with the Spending Review for Government Departments and that spending element did take up the bulk of the speech which was light on new tax measures. The Chancellor certainly e...

Budget 2021

March 4, 2021

A year ago Rishi Sunak delivered his first Budget as Chancellor. That was against the pandemic just starting and events overtook it rapidly. This year, with the pandemic appearing to be coming under control, he had a chance to lay out a future plan to restore the economy. Th...