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.


A long-exposure night shot of the Chicago Theatre marquee with bright motion blurs from passing traffic.
18 March 2026
The most compelling reason to develop a show in the UK is the ability for foreign theatrical production companies to claim TTR, thus reducing the financial risks
Three gold bars on a dark, reflective surface. Each bar is marked
18 February 2026
Under the new rules, the treatment of assets will depend on both their location and the individual’s UK residence history, replacing "domicile" as a key test
Laptop, floral notebook, glasses, and decor on a white desk with a chevron rug.
9 February 2026
Communicating early with employees, so they understand how payrolling benefits in kind will affect their take-home pay and tax deductions is vital
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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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