The Budget
The Budget is the UK Government's annual financial statement and review of levels of taxation. It also includes the Government's future financial strategy and economic forecast.
Our Budget knowledge hub has been designed to keep up to date with any announcements and to help you have a better understanding about The Budget and any HM Treasury fiscal statements.
Our Budget knowledge hub focuses on any changes that may affect business owners, sole traders, contractors, landlords and self-employed individuals.
We also post our summary of the changes that affect you or your small business’ finances during the evening of any budgets, while our Twitter feed @TaxAssistUK will also include all the latest information as it happens during the Chancellor's announcement.
We've got you covered
Spring Statement 2026 summary and highlights
The Chancellor Rachel Reeves delivered her 2026 Spring Statement to the House of Commons on Tuesday 3rd March 2026.
Find out moreScottish Budget 2026-27
Shona Robison, Scotland’s Finance Secretary, has presented the Scottish Government’s proposed tax and spending plans for the 2026-27 fiscal year. The Scottish Budget unusually took place after Christm...
Find out moreChanges to business rates announced in the Budget 2025
As business rates are a devolved tax, these changes only apply to England. We round up those that will affect your business.
Find out moreAutumn Budget 2025 summary and highlights
The Chancellor Rachel Reeves delivered her Autumn Budget 2025 to the House of Commons on Wednesday, 26th November.
Find out moreRumours and predictions for what could be in the 2025 Autumn Budget fo...
Chancellor Rachel Reeves will deliver the Government’s 2025 Autumn Budget on 26th November. Here are some of the business-related announcements that could be included in the speech.
Find out moreChancellor Rachel Reeves announces 2025 Budget date
The Chancellor of the Exchequer, Rachel Reeves, has announced the date for the Autumn Budget 2025.
Find out moreSpring Statement 2025 summary and highlights
The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement to the House of Commons on Wednesday 26th March.
Find out moreRumours and predictions for what could be in the 2025 Spring Forecast
Chancellor Rachel Reeves will deliver the Government’s Spring Forecast on 26th March. It is a statement on the state of the UK’s finances alongside the Office of Budget Responsibility’s latest economi...
Find out moreCapital Gains Tax receipts hit record high after Autumn Budget
The latest tax receipt figures for December 2024 show significant increases in Capital Gains Tax (CGT) revenues following recent changes announced in the Autumn Budget 2024.
Find out moreScottish Budget 2025-26
Shona Robison, Scotland’s Finance Secretary, has presented the Scottish Government’s proposed tax and spending plans for the 2025-26 fiscal year.
Find out moreDouble cab pick-ups to be taxed as cars
More details are starting to emerge following the Autumn Budget, including changes to double cab pickup legislation.
Find out moreAutumn Budget 2024 summary and highlights
The UK’s first female Chancellor of the Exchequer, Rachel Reeves, delivered her inaugural Autumn Budget to the House of Commons on Wednesday 30th October.
Find out moreWhat to expect from the Autumn Budget 2024
We look at what could be included on 30th October, when Rachel Reeves announces her first Budget as Chancellor of the Exchequer.
Find out moreE-invoicing consultation to be launched
The Government has announced the launch of a consultation on the wider use of electronic invoicing ‘e-invoicing’ in UK businesses.
Find out moreNew Labour Government announces date of its first Budget
Chancellor Rachel Reeves will unveil the first Budget under the new Government on Wednesday, 30th October.
Find out moreWhat will a new Government mean for you and your business?
Following a change in Government, we have reviewed the Labour Party manifesto, and produced a high-level summary of the key points that may affect you and your business.
Find out moreSpring Budget 2024 summary and highlights
The Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget to the House of Commons on Wednesday 6th March.
Find out moreSpring Budget confirmed for 6th March
Chancellor Jeremy Hunt has announced the Spring Budget 2024 will be presented to Parliament on 6th March 2024.
Find out moreScottish Budget 2024-25
Scotland’s Government has unveiled its draft tax and spending plans for the 2024-25 fiscal year, including a new income tax band targeting those earning between £75,001 to £125,140.
Find out moreThe Cash Basis: What did the Autumn Statement change?
The Government has considered feedback in relation to its consultation on the expansion and simplification of the cash basis for accounting.
Find out moreMaking Tax Digital for Income Tax: What did the Autumn Statement chang...
In November 2023, the Chancellor announced the Autumn Statement. While he did not mention Making Tax Digital in his speech, there have been some changes announced in the executive summary.
Find out moreAutumn Statement 2023 Summary and Highlights
The Chancellor, Jeremy Hunt, announced his second Autumn Statement to Parliament on Wednesday 22nd November, with a remit to bolster the UK economy and encourage fresh investment in businesses.
Find out moreThe announcements to expect in the Government’s 2023 Autumn Statement
Read the predictions and rumours for what will be announced in the Government’s 2023 Autumn Statement on 22 November.
Find out moreBudget 2023: Pension Tax Changes
As part of his Budget on 15th March, Chancellor Jeremy Hunt announced the following significant changes to the amounts individuals may save into their pensions.
Find out moreScottish Budget 2023-24
Deputy First Minister, John Swinney, has outlined the Scottish Government’s spending and tax plans for the 2023-24 financial year to Holyrood.
Find out moreAutumn Statement 2022 Summary and Highlights
Jeremy Hunt announced his first Autumn Statement as Chancellor of the Exchequer to Parliament on 17th November, in a bid to bring economic stability to households, businesses and the financial markets...
Find out moreNew Chancellor reverses most of the mini-Budget tax cuts
The new Chancellor of the Exchequer has brought forward the Government’s Medium-Term Fiscal Plan due on 31st October, overturning many of the measures within the ‘Growth Plan’ that was announced on 23...
Find out moreThe Growth Plan: How it affects the property market
The Government’s Growth Plan included a string of significant tax measures that are already having a significant impact on landlords, and the UK property market as a whole.
Find out moreBasic rate of income tax remains at 20%
In his Growth Plan statement on 23rd September, the Chancellor announced plans to cut the basic rate of income tax by 1% from 6th April 2023. However, on 17th October, the Government reversed course a...
Find out moreReversal of National Insurance and dividend tax increases
In a widely anticipated move, at the Growth Plan statement on 23rd September, the Chancellor announced further details of a reversal of planned increases in National Insurance contributions (NICs) and...
Find out moreIR35 - Repeal off-payroll working rules reversed
On 23rd September, the Chancellor announced that the off-payroll working rules, originally introduced for the public sector in 2017 and later expanded to the private sector in 2021, will be repealed f...
Find out moreCorporation Tax to remain at 19%
The Growth Plan statement on 23rd September confirmed the Government's plans for corporation tax rates from April 2023
Find out moreThe Growth Plan – Summary and Highlights
The Government unveiled its Growth Plan on Friday 23rd September, with a string of tax cuts at the heart of measures designed to stimulate the economy.
Find out moreSpring Statement 2022 scheduled for March 23rd
The UK Government’s Spring Statement for 2022 will be delivered by Chancellor of the Exchequer, Rishi Sunak, on Wednesday 23rd March.
Find out moreSpring Statement 2022 Summary and Highlights
The Chancellor of the Exchequer has presented his Spring Statement 2022 to the House of Commons, announcing a series of changes to help businesses and individuals as the cost of living and inflation s...
Find out moreNew rules and the Welsh Budget
There have been a number of recent announcements from the Welsh Government which have an impact on businesses and individuals in Wales.
Find out moreScottish Budget 2022-23
Finance Secretary Kate Forbes has outlined the Scottish Government’s spending plans for the 2022-23 financial year, which are designed to set Scotland “on a new ambitious path”.
Find out moreCapital Gains tax deadline extended to 60 days
In his Budget on 27th October, the Chancellor made some changes to the Capital Gains Tax reporting rules, relaxing the requirement that CGT reports and payments need to be made within 30 days of compl...
Find out moreThe Budget over Breakfast webinar
In this webinar held on Thursday, 28th October, we provided an overview of the announcements from the Autumn 2021 Budget.
Find out moreAutumn Budget 2021 Summary and Highlights
Rishi Sunak announced his third Budget as Chancellor of Exchequer to Parliament on Wednesday, 27th October.
Find out moreReforming UK Research & Development tax reliefs
In his Autumn Budget on 27th October, the Chancellor made much of improving Research and Development spending including the system of tax relief. But there is little detail about how this will work i...
Find out moreKey reforms to business rates announced in the Autumn Budget
Chancellor Rishi Sunak has confirmed a host of reforms to business rates in England, designed to support small businesses and ease the burden on the country’s high streets.
Find out moreRecovery Loan Scheme extended to June 2022
The Recovery Loan Scheme will provide Government-backed loans to businesses affected by COVID-19 until 30th June 2022.
Find out more2022-23 Scottish Budget set for 9th December 2021
Scotland’s Finance Secretary Kate Forbes will reveal the Scottish Government’s spending plans for the 2022-23 financial year, with the 2022-23 Scottish Budget scheduled for Thursday 9th December 2021.
Find out moreChancellor announces date for Autumn Budget
Chancellor Rishi Sunak has announced that the next Budget, will be held on 27th October.
Find out moreNational Insurance and dividend tax rises announced for social care re...
Prime Minister Boris Johnson has proposed a number of tax increases for taxpayers across the UK.
Find out moreBudget 2021 Summary and Highlights
Chancellor Rishi Sunak used his Budget on 3rd March to outline the UK Government’s plans for taxation and COVID-19 support packages targeted at businesses and individuals during the economy’s phased r...
Find out moreNew Recovery Loan Scheme launches in April
With applications for the Coronavirus Business Interruption Loan Scheme and Bounce Back Loans ended, eligible UK businesses can now apply for a new Recovery Loan Scheme.
Find out moreBudget 2021: Self-Employment Income Support Scheme extended
In the Budget on 3rd March, further extensions were announced to the Self-Employment Income Support Scheme.
Find out moreFurlough scheme extended until the end of September
Chancellor Rishi Sunak has opted to extend the Coronavirus Job Retention Scheme (furlough scheme) until the end of September, as part of the Budget 2021.
Find out moreBudget 2021 – What will the Chancellor do?
As the Budget on 3rd March gets ever closer, there is increasing speculation around possible tax changes and the ways in which the Government can start to deal with the huge impact COVID-19 has had on...
Find out moreThe Chancellor reveals the date of the next Budget
Chancellor Rishi Sunak has revealed that the next Budget will be held on 3rd March 2021.
Find out moreChancellor unveils Winter Economy Plan to protect jobs and businesses
Chancellor Rishi Sunak has outlined the UK Government’s Winter Economy Plan, the next stage of the economic support offered to small businesses and self-employed individuals affected by the ongoing CO...
Find out moreAutumn Budget cancelled for 2020 due to COVID-19 crisis
Plans for an Autumn Budget in the coming weeks have been scrapped by HM Treasury because of the impending second wave of coronavirus in the UK.
Find out moreChancellor reassures MPs over the prospect of tax rises
Amid reports of potential ‘historic’ tax grabs, Chancellor Rishi Sunak has moved to reassure Conservative MPs that a “horror show of tax rises with no end in sight” is not on the cards, despite having...
Find out moreBudget 2020 Summary and Highlights
Rishi Sunak delivered his first Budget speech as Chancellor of the Exchequer on 11th March, outlining the Government's plans for tax and spending during the 2020/21 financial year.
Find out moreBudget 2020 gives the UK business community a shot in the arm
Chancellor Rishi Sunak has introduced a number of initiatives to reassure businesses about the possible impact of Coronavirus, as well as unveiling broader measures designed to promote growth througho...
Find out moreBudget 2020 - what to expect on 11th March
On 11th March, Rishi Sunak is set to deliver his first Budget speech as Chancellor of the Exchequer, outlining the Government's plans for tax and spending during the 2020-21 financial year.
Find out moreRead our expert answers to your The Budget questions
How will the changes to pensions salary sacrifice in the Budget 2025 a...
I understand there were changes to the rules on using salary sacrifice to make pensions contributions in the Budget 2025. What do they mean for me and for my business?
Find out moreWhat were the changes for company cars and vehicles in the Budget 2025...
My company has several business vehicles. What was announced in the Budget 2025 that I need to know about?
Find out more