Immediate increases to capital gains tax rates with further uplifts in relation to some business disposals from both April 2025 and April 2026.

Immediate increases to Stamp Duty Land Tax, including for those buying residential property when they already own at least one dwelling.

Confirmation that 20% VAT will apply to private school fees for the school term beginning in January 2025.

From April 2025, many employers will face increased costs due to a 6.7% rise in the national minimum wage, bringing it to £12.21, and substantial reforms to employers’ national insurance contributions, which will increase from 13.8% to 15%.

Another change in approach for businesses utilising double-cab pick-up vehicles, coming into effect in April 2025.

Plans to restrict inheritance tax agricultural and business property reliefs from April 2026.

Plans to include an individual’s undrawn pension fund in their inheritance tax estate from April 2027.