🗞 There’s a lot of complicated info to digest from this year’s Autumn #Budget, so we’ll be digging deeper into what it means for small businesses and landlords in the UK over on our blog. Stay tuned! 🗞 #Budget2025

📌 Late filing penalties for Corporation Tax returns will be doubled from 1st April 2026

📌 Small businesses will no longer need to contribute to the cost of apprenticeships for all under-25s

📌 Minimum wage rates rise from April 2026 for 2.7 million eligible workers, with pay for over-21s rising by 50p to £12.71 an hour, a rise to £10.85 for those aged 18 to 21, and a rise to £8 for under-18s and apprentices

📌 From April 2026 basic- and higher-rate tax on dividend income will rise by 2%. Then in 2027 a 2% rise in all Income Tax rates on both property rental and interest income will follow

📌 The current freeze on Income Tax and National Insurance thresholds will continue for another three years to 2030/31, with implications for employers and employees as wages increase

📌 Small businesses will no longer need to contribute to the cost of apprenticeships for all under-25s

📌 Minimum wage rates rise from April 2026 for 2.7 million eligible workers, with pay for over-21s rising by 50p to £12.71 an hour, a rise to £10.85 for those aged 18 to 21, and a rise to £8 for under-18s and apprentices

📌 From April 2026 basic- and higher-rate tax on dividend income will rise by 2%. Then in 2027 a 2% rise in all Income Tax rates on both property rental and interest income will follow

📌 The current freeze on Income Tax and National Insurance rates will continue for another three years to 2030/31, with implications for employers and employees as wages increase