Budget Introduction

The Chancellor Rachel Reeves presented her first Budget on 30 October 2024. In her speech she stated the Budget ‘lays the foundations for growth while ensuring fairness, stability, and responsibility in the public finances’. The measures announced take effect across 2025 and beyond, with significant reforms to business taxation, inheritance tax, and support for households. […]

Business

Key Budget Changes Impacting Businesses (UK, 2025) 1. Rising Employment Costs 2. Business Rates Restructured 3. Tax Reforms & Compliance 4. Support for Growth & Investment 5. Productivity & Tax Reform Drive 6. Speculative Future Tax Measures

Capital Taxes

Capital Gains Tax (CGT) Inheritance Tax (IHT) & Related Reforms

Employment​

Budget Changes Impacting Employment

Personal Tax​

Personal Tax Changes in 2025/26 Income Tax Thresholds and Rates National Insurance Contributions (NICs) Dividend Allowance Non-Dom Tax Regime Reform Other Personal Tax Adjustments

Other Matters

Land and Buildings Transaction Taxes Land and buildings transaction taxes remain devolved: England & Northern Ireland – SDLT Wales – Land Transaction Tax (LTT) Scotland – Land and Buildings Transaction Tax (LBTT) Plastic Packaging Tax Vehicle Excise Duty (VED) Penalties for Late Submission & Payment Contactless Payments No further Budget changes; these remain current.(fca.org.uk)

What is Inheritance tax​?

What is Inheritance Tax (IHT)? – Meaning 🏠 Thresholds & Allowances (2025) 📊 How IHT Works (Example) 🎁 Lifetime Gifts and the “7-Year Rule” 💼 Reliefs 🔑 2025 Budget Changes to IHT 💷 Who Pays the Tax? 📈 IHT Receipts & Impact

RegTech Is Making Compliance Smarter​

What’s Changing:Regulatory compliance is increasingly complex — but technology is helping. RegTech tools automate compliance processes, monitor transactions, and reduce human error. What Asmat & Co. Is Doing:We deploy RegTech solutions for clients in regulated industries, ensuring accurate reporting, risk management, and audit readiness. We also stay up to date with regulatory changes to keep […]

Hybrid Work Models Are Here to Stay​

What’s Changing:Remote work is now a permanent part of business operations. Accounting firms need flexible systems and collaborative tools to maintain service quality and team productivity. What Asmat & Co. Is Doing:We’ve embraced hybrid operations, allowing our team and clients to work efficiently from anywhere. Our use of secure cloud platforms and collaborative tools ensures […]

Financial Data Analytics is Driving Better Decisions

What’s Changing:Businesses expect more than historical financials — they want predictive insights. Data analytics tools are helping firms identify trends, risks, and opportunities. What Asmat & Co. Is Doing:We provide clients with custom dashboards, visual reporting tools, and forecasting models. Our analytics services go beyond compliance — they empower decision-makers with actionable intelligence.