MTD filing period
The first MTD filing period opens soon and tax payers need to be aware of what they need to do before August.
-
Who we are
About us
We're more than just accountants. We care about our clients and build long term relationships.
Client stories
We work with some great clients. Read about their challenges and how we have helped them.
Meet the team
Great work requires great people and we think we have some of the best. Learn more about them here.
Business sectors we support
We have a range of clients. No two projects are the same, and every day we solve fresh challenges.
Join our team
If you want to join an enthusiatic team and continue your learning we'd love to hear from you.
- What we do
Taxation for individuals and trusts
Be compliant - we know the rules.
Audit and assurance services
Navigate regulatory complexity - we provide the expertise.
Accounting and taxation for business
Focus on your business - we'll manage the books and tax.
Charity and community interest companies (CICs)
Accounting for good - we have experience of CICs.
International accountancy services
Remove the hassle - let us take care of your International tax and accounting.
Bookkeeping, VAT, cloud accounting & payroll
Reduce the pain - we can handle your monthly calculations.
Tax planning
Reduce your tax liabilities - we'll show you how.
Business advisory and wealth creation
Grow your business and wealth - we know what it takes.
Family Investment Company (FIC)
An effective and flexible strategy to manage and protect family wealth, and to plan for generational succession
- Who we are
- What we do
- Taxation for individuals and trusts
- Audit and assurance services
- Accounting and taxation for business
- Charity and community interest companies (CICs)
- International accountancy services
- Bookkeeping, VAT, cloud accounting & payroll
- Tax planning
- Business advisory and wealth creation
- Family Investment Company (FIC)
- News
- Client stories
- Testimonials
- Contact us
Planning for the November budget
The next UK Budget (the Autumn Budget 2025) is scheduled for 26 November 2025, when the Chancellor of the Exchequer will set out the government’s tax, spending and borrowing plans.
We are currently having meetings with our clients and the rumours about what will be announced often come up. However, it is important to understand that there is no need to make hasty decisions until the rules and timeframes are confirmed.
The UK government is facing mounting pressure. Rising borrowing costs and high levels of debt mean there is limited room for new tax cuts or large spending increases. Many reports expect the Chancellor to look at revenue raising measures. The Budget is a good time for planning but any changes announced may only take effect later (for example from April 2026) or be phased in.
While nothing is confirmed yet, here are areas where change is widely anticipated:
- Property taxes. There are suggestions of new taxes on high value homes, changes to council tax or replacement of Stamp Duty Land Tax with a property tax.
- Pension tax relief. Changes to the tax reliefs on pension savings remain on the radar.
- Capital Gains Tax and Inheritance Tax. These may be reviewed to raise additional revenue.
- Business rates and VAT thresholds. Reforms are expected for business owners, perhaps relating to the VAT registration threshold, business rates relief and the scope of VAT.
- Income tax and National Insurance thresholds. Rumours of rate rises have gained some traction and a freeze of thresholds is also possible.
There are some practical steps you can take now without committing to big decisions such as reviewing your income, expenditures and any investments or property interests. You could ensure your bookkeeping is up to date so you can easily assess the impact of any changes. If you are approaching a key personal event (eg selling a property or winding up a business) then reviewing the current position is essential and you must avoid acting solely on speculation.
The key message from us is there is no need to panic but be ready. While there is significant speculation about tax and spending changes, nothing is guaranteed until the Chancellor’s statement and the published documentation. Acting prematurely can carry risk.
If you would like us to review your current tax position, allowances, reliefs and planning opportunities ahead of the Budget, please get in touch.
Once the Budget is announced, we will help our clients interpret what applies to them and propose any actions (if any) based on their circumstances.
01323 649 509
Related Posts
New tax year payroll checklist for employers
The start of a new tax year is a good opportunity for employers to review their payroll processes and make sure everything is set up correctly for the year ahead. A quick check can help avoid payroll errors, employee queries and HMRC issues later in the year.
Companies House identity checks
Under the Economic Crime and Corporate Transparency Act, Companies House is being given powers to improve the accuracy of the register, reduce misuse of UK companies and strengthen confidence in company information. To assist with this, identity verification began rolling out from 18 November 2025.
- What we do