UK's 2025 budget raises taxes on dividends and property, cuts capital allowances, and introduces new reporting and VAT rules, with changes phased in from 2026 to 2029.

The UK’s 2025 Autumn Budget introduces major tax reforms set to take effect from April 2026, including a 2% rise in income tax on dividends, savings, and property income, with thresholds frozen until 2031. A 40% first-year capital allowance will launch for qualifying assets, while the writing-down allowance drops to 14%. A three-year stamp duty exemption on new IPOs begins November 2025. From 2027, large multinationals must report cross-border transactions annually. Pension salary sacrifice relief will be capped at £2,000 per employee from April 2029, with excess contributions subject to National Insurance. Remote gaming and betting duties will rise significantly. VAT changes include new electronic invoicing rules by 2029 and removal of low-value import relief by March 2029.