Autumn Budget 2025 - Detailed Summary

The leaky Red Box


The most surprising thing about the latest Budget was that someone at the Office for Budget Responsibility appears to have pressed the wrong button and published its report about 40 minutes before the Chancellor stood up, rather than just after she sat down. This meant that the pundits were discussing the contents of the Budget before it had been delivered, which was unprecedented.



In this document we have summarised the main tax proposals and their impact, and also included reminders of some matters announced in previous Budgets but only now coming into force. If you would like to discuss what it all means for you, we will be happy to help.


Houses of Parliament beside a rising blue growth chart with an upward arrow
1 July 2026
HMRC's annual receipts provide a useful indication of where Government revenues are being generated and which taxes are having the greatest impact.
Desk with financial records, laptop, calculator, and labeled boxes for accounts, company, and compliance.
30 June 2026
From 1 April 2028, Companies House will no longer accept annual accounts filed using its online web service or by paper
Luxury Yacht from above in calm crystal blue waters
by Onslo Rahman 15 April 2026
Our Family Wealth Forum is built on a simple yet critical principle: wealth is not just about accumulation, but about legacy and sustainability
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Friend Partnership is a forward-thinking firm of Chartered Accountants, Business Advisers, Corporate Finance and Tax Specialists, based In The UK

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