The Chancellor, Rachel Reeves, has now delivered her much-anticipated Autumn Budget, providing an outline of the UK’s latest economic plans.

Our experts have now had time to go through the government’s announcements and created an in-depth analysis to help you understand the impacts of the changes on your business and personal tax situation.

Click the link below to download the guide.

Download the guide

Significant points in our guide

• Personal tax allowances and rates on general income frozen for a further three years to April 2031
• Also frozen: NICs employer threshold and upper earnings limit, and IHT nil band, to April 2031; Plan 2 Student Loan repayment threshold to April 2030
• No immediate changes to reliefs on pension schemes, but salary sacrifices above £2,000 to be subject to National Insurance from April 2029
• Increases in income tax rates on dividend income from April 2026, and on rental and savings income from April 2027
• Only minor changes to Inheritance Tax rules announced last year
• Total ISA investment limits and rules remain the same, but from April 2027 there is a new £12,000 limit for cash held in ‘Cash ISAs’ within the total £20,000 annual allowance.
• Corporation tax rates unchanged, but Writing Down Allowances reduced from April 2026; new FYA from 1 January 2026
• Council tax surcharge on properties worth over £2 million to apply from April 2028

What you need to consider

• Self-employed and individual landlords: (a) review your situation to see if and when MTD would apply to you (b) consider incorporating your business (trade or BTLs etc) into a limited company
• Inheritance Tax: Review your estate for inheritance tax purposes before April 2026 to see what can be done to mitigate IHT
• Business Sale: If you are selling your business or shares in a trading company/group, are you entitled to BADR (CGT rate increased from 14% to 18% from April 2026)
• High Value Council Tax Surcharge: To be introduced on properties worth more than £2 million (in 2026) to apply from April 2028: £2,500 for properties over £2 million rising to £7,500 for properties over £5 million
• Corporate structures Review: Family member as shareholders to mitigate Income Tax. Group structures to avoid tax on disposal of businesses
• Use of Umbrella companies / Agency staff: Recruitment agencies and end clients will be responsible for ensuring PAYE and Class 1 NICs are correctly applied to workers engaged via umbrella companies.

If you need further support in understanding what these changes mean for you, get in touch with our team directly at info@raaccountants.com.

These articles are for guidance only and professional advice should be obtained before acting on any information contained in them.

No responsibility can be accepted for loss occasioned howsoever to any person as a result of action taken or refrained from as a result of reading.