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So, the election results are in and the Labour party won the country’s mandate to form a new parliament. What could that mean for the tax you pay?
The following is likely based on their manifesto.
Income tax changes
National Insurance Contributions (NIC)
Business tax
Corporation tax
VAT
Capital Gains Tax (CGT)
Inheritance tax
Stamp duty land tax
If any of these changes affect you in any way, please contact us and we will be pleased to give you personalised advice. As your tax advisers, we will continue to keep you up-to-date on tax changes so that you can plan your affairs to minimise paying tax.
07 Apr 2025
Increases to the National Living Wage and National Minimum Wage took effect from 1 April.
Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.
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