With the Autumn Budget now confirmed for 26 November 2025, speculation is already building around what changes could be on the horizon.
In our latest podcast, Francesca from our payroll team is joined by Graeme and Liam to discuss what this later-than-usual date might mean, the key rumours currently circulating, and how businesses can plan with confidence during a period of uncertainty.
Listen to the full discussion on YouTube:
A longer wait and more uncertainty
This year’s Budget has been set for as late as it possibly could be, on the final Wednesday in November.
While that gives the government more time to prepare, it also extends the period of uncertainty for business owners and individuals who are waiting to understand how potential tax changes might affect them.
As Graeme explains in the episode, “Businesses don’t like uncertainty. It can make planning difficult, but it shouldn’t stop you from making the right decisions for your business.”
What’s being talked about
While nothing has been confirmed, a few areas are attracting particular attention:
- Corporation tax: Will the rate rise again, or thresholds be adjusted?
- Dividends: Could allowances or rates change for owner-managed businesses?
- VAT: Some rumours suggest a potential drop in the registration threshold, though it remains to be seen if that will happen.
- Landlords: Speculation continues around National Insurance and capital gains tax changes.
- Pensions and inheritance tax: Questions remain over tax-free lump sums and annual contribution limits.
As Liam points out, “It’s all just speculation at this stage, but it’s worth being aware of what could happen so you can plan accordingly.”
Planning amid speculation
The team agree that while waiting for the official announcements, businesses and individuals should avoid making rash decisions based purely on rumours. Instead, take time to review your position and consider how potential changes could affect your cash flow, investments and long-term plans.
Francesca notes, “If you’d be happy with the outcome of a decision based on today’s rules, it’s worth making it now rather than waiting for something that might change.”
Looking ahead to Budget Day
We’ll be keeping a close eye on developments in the run-up to 26 November and will return with a special Budget Day podcast analysing the confirmed changes once the Chancellor has spoken.
In the meantime, if you’re concerned about how potential changes might affect your business or personal finances, our team is always happy to talk things through.
