Tax e-News October 2025
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s edition:
Get ready for the Autumn Budget on November 26, 2025, which is expected to bring significant tax changes to address the UK’s public finances. Key areas to watch include a potential alignment of Capital Gains Tax rates with higher Income Tax rates, and further restrictions on Inheritance Tax reliefs, building on changes already slated for 2026 and 2027. Speculation also surrounds a possible cap on pension savings tax relief, widening the scope of National Insurance to include landlords, and a potential reduction or abolition of the £90,000 VAT registration threshold.
Beyond the budget, several other updates are now in effect. HMRC has introduced a new online service for correcting VAT errors following the withdrawal of Form VAT652. New advisory fuel rates for company cars took effect on September 1, 2025, now including separate mileage rates for electric vehicles charged at home versus public facilities. As you prepare for these changes, remember key deadlines are approaching, including the Self-Assessment chargeability notification on October 5 and Corporation Tax payments on October 1 and November 1 for relevant year-ends.