27/11/2025
Taxes Schemes Support Actions for Business Owners
Employment & Payroll
Update payroll systems for National Minimum & Living Wage increases from April 2026.
Review staffing levels, shift patterns, and pay budgets to manage higher payroll costs.
Plan for salary-sacrifice NIC changes: contributions over £2,000/year subject to NICs from April 2029.
Income Tax & National Insurance
Check fiscal drag impact: thresholds frozen until 2030-31 → more income taxed at higher rates.
Review dividend strategy for higher dividend tax rates from April 2026.
Landlords: property income taxed at higher rates from April 2027 (BR 22%, HR 42%, AR 47%).
Pensions & IHT
Review unused pension funds included in taxable estate from April 2027.
Plan IHT and estate strategy with APR/BPR £1m combined limit from April 2026.
Update wills, trusts, and succession plans considering new caps and exemptions.
Capital Taxes
Plan capital gains tax (CGT) events: EOT relief reduced to 50%, incorporation relief changes from April 2026.
Assess timing for business or asset disposals before new CGT rules apply.
Business Taxes & Investments
Check EMI scheme limits and paperwork ahead of April 2026 changes.
Review EIS & VCT funding limits and reduced relief rates from April 2026.
Plan capital expenditure to maximise 40% first-year allowances and full expensing.
VAT, Customs & Compliance
Prepare for mandatory e-invoicing from 2029.
Review customs duty and import compliance: low-value relief abolished from March 2029.
Ensure VAT and indirect tax procedures are up to date (TOMS changes, Motability, excise, DST review).
Consider impact of tax compliance penalties (CT late filing, MTD soft landing, crypto reporting).
Property & High-Value Assets
Evaluate high-value properties (>£2m): new council tax surcharge from April 2028 (£2,500–£7,500).
Adjust rental or investment strategies based on new annual property taxes and thresholds.
SME Support & Growth
Take advantage of fully funded apprenticeships for under-25s.
Assess eligibility for business rates relief from 2026-27.
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