Land and Buildings Transaction Taxes
Land and buildings transaction taxes remain devolved:
- Scotland: Land and Buildings Transaction Tax (LBTT)
- Wales: Land Transaction Tax (LTT)
- England & Northern Ireland: Stamp Duty Land Tax (SDLT)
England & Northern Ireland – SDLT
- As of 1 April 2025, the standard nil-rate band is £125,000.
- First-time buyers: 0% up to £300,000 (relief available up to £500,000).
- Higher/additional dwellings surcharge: +3% still applies.
- Non-UK resident surcharge: +2% above standard rates remains in place (applies since April 2021).
(gov.uk)
Wales – Land Transaction Tax (LTT)
- Current thresholds: 0% up to £225,000 for main residential properties.
- Higher-rates (additional properties) are 4%–16%, depending on value.
- Non-residential and mixed-use bands were adjusted in 2020 and remain in place.
(gov.wales)
Scotland – Land and Buildings Transaction Tax (LBTT)
- Residential threshold: 0% up to £145,000 (or £175,000 for first-time buyers).
- Additional Dwelling Supplement: 6% surcharge on second homes and buy-to-lets.
(revenue.scot)
Plastic Packaging Tax
- In force since April 2022.
- Rate increased in April 2025 to £228.10 per tonne of plastic packaging that contains less than 30% recycled plastic.
- Small operator exemption still applies (<10 tonnes per year).
(gov.uk)
Vehicle Excise Duty (VED)
- From April 2025, zero-emission cars and vans are no longer exempt: they now pay the standard VED rate, plus the expensive car supplement (£425) if list price >£40,000.
- Vans under 3.5 tonnes remain subject to the flat rate (currently £335).
(en.wikipedia.org)
Penalties for Late Submission & Payment
- The new points-based penalty system for VAT started April 2022.
- For Income Tax Self-Assessment (ITSA) with business/property income over £10k, it applies from April 2026 (delayed).
- Penalties apply based on lateness:
- 3% penalty if unpaid after 15 days,
- a further 3% after 30 days,
- plus 10% annualised interest after 31+ days.
(kpmg.com)
Contactless Payments
- Since October 2021, the single-transaction contactless limit is £100 and cumulative limit £300.
No further Budget changes; these remain current.
(fca.org.uk)
