📢 Preparing for the 2025 Autumn Statement: What Businesses Should Expect

🗓️ September 2025

The Autumn Statement is one of the most important dates in the UK business calendar. It’s when the Chancellor outlines key tax and spending changes that will shape the economy — and your business — heading into 2026.

With Making Tax Digital (MTD) for Income Tax coming in April 2026, ongoing questions about corporation tax, and possible tweaks to reliefs and allowances, business owners need to be prepared.

Here’s what you should be keeping an eye on this year 👇

🔍 Key Areas Businesses Should Watch

1️⃣ Corporation Tax

The main rate remains at 25%, but will there be new reliefs to support SMEs?
Look out for updates on Full Expensing, which currently allows 100% relief on capital investment — could it be extended, reduced, or changed?

2️⃣ Income Tax & National Insurance

Threshold freezes mean more earners are slipping into higher tax bands (“fiscal drag”).
Possible changes to tax bands, dividend rates, or employee NI contributions may be announced — especially with a General Election on the horizon.

3️⃣ Inheritance Tax (IHT) & Capital Gains Tax (CGT)

These are always under review, and reform is often discussed.
Any changes to Business Relief or CGT rates could have a big impact on succession planning for family businesses.

4️⃣ Support for SMEs & Startups

Could we see new funding schemes, grants, or incentives to encourage growth?
Watch for updates to R&D Tax Relief, which has already gone through several changes in recent years.

5️⃣ Making Tax Digital (MTD)

With April 2026 fast approaching, the Statement may bring clarity on:

Deadlines
Exemptions
Penalties for non-compliance

💡 What Business Owners Can Do Now

✅ Review your cash flow
Be sure your business can handle any changes to tax rates or allowances.

✅ Plan investments wisely
If you’re considering buying major assets, timing could make a difference if reliefs are updated.

✅ Check your payroll & dividends
Directors should review salary/dividend splits before any new rules are confirmed.

✅ Speak to your accountant early
Don’t wait until changes are announced — build flexibility into your plans now.

📈 Final Thoughts

The 2025 Autumn Statement could bring big changes to how your business and personal income are taxed. Staying ahead of the curve will help protect your profits and give you time to plan.

👉 At Llewellyns, we’ll be following the announcements closely and breaking them down in plain English so you can take action straight away.

If you’d like us to review your tax position before the Autumn Statement, get in touch today — a little planning now could save a lot later.