Autumn Budget 2025 – What it means for your family business
Following yesterday’s Autumn Budget, our Family Business Tax Partner, Yvette Jacobs-Lee, has recorded a short update outlining the key announcements and what they mean for family-run enterprises. In this year’s video, Yvette covers three areas that matter most to family business owners: Cash extraction: the impact of increased dividend tax rates and what this means…
READ MOREAutumn Budget 2025: Businesses
The reaffirmed commitment to the Corporate Tax Roadmap published at last year’s Budget means that this Budget brings a set of more piecemeal changes for businesses. Some of these, such as changes to the UK’s transfer pricing regime, are expected and, broadly, welcome. Others, such as the decision to restrict the level of capital gains…
READ MOREAutumn Budget 2025: Employers
The biggest headline for employers – albeit one that had been anticipated – is a restriction to the availability of salary sacrifice schemes for pension contributions. The government’s decision to cap relief rather than abolish it entirely will introduce complexity, and employers should use the time between now and the April 2029 start date for…
READ MOREAutumn Budget 2025: Individuals
Much of the speculation ahead of the Budget was again focused in the personal tax space. In the event, what we saw was a mixed bag. No overall increase in income tax but 2% added to the rates of tax applicable to property income, savings income and dividends will push up taxes for those with…
READ MOREBudget 2025: Will there be changes to inheritance tax?
Read our Autumn Budget 2025 commentaries for businesses, individuals and employers. With last year’s major inheritance tax (IHT) reforms impacting certain businesses, farms and pension savings – and further changes expected in the Autumn Budget 2025 – many individuals are questioning how best to protect their wealth. Frozen tax thresholds, the rising cost of living…
READ MORESpring Statement 2025: What you need to know
Despite increasing pressure on the public finances, the Chancellor has largely stuck to her promise that there would only be one major fiscal event each year. The message from this Spring Statement 2025 was that the world has changed significantly since the Budget last October, but that the government remains committed both to economic growth…
READ MOREAutumn Budget 2024: UK tax changes affecting non-doms
Following last month’s Budget, there is now more clarity on the detail of how the new tax regime will work, once the existing tax regime for non-UK domiciled individuals (non-doms) is abolished from 6 April 2025. Here, we discuss the key points and how individuals will be affected. What key points have now been confirmed…
READ MOREAutumn Budget 2024: Employee ownership trust changes
The UK government’s Autumn Budget on 30 October 2024, introduced several changes to EOTs. These changes aim to make the rules more robust and ensure that EOTs are used for their intended purpose of benefiting employees rather than for tax avoidance. The following changes apply to EOTs established on or after 30 October 2024: Control restrictions:…
READ MOREBudget 2024 – family business focus
Our Family Business Tax Partner, Yvette Jacobs-Lee explores the latest announcements from the Autumn Budget 2024 and shares her expert insights on the key takeaways, how these changes could impact your family businesses, and what you should be considering. How can we help? Our family business team has decades of experience working with successful family-run…
READ MOREAutumn Budget 2024
Ahead of the Budget the Prime Minister said that it was time for the UK “to embrace the harsh light of fiscal reality”. We now know more – in the short to medium term at least – of who will feel the full glare of that light. With this Budget the Chancellor has aimed to…
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