Monthly Business News - Dec25

An overview of recent financial and regulatory changes affecting businesses, focusing heavily on the implications of the Autumn Budget 2025. Key policies include a forthcoming tax hit for individuals, with increased income tax rates applied to savings and property income starting in 2027, alongside a new high-value council tax surcharge and higher dividend tax rates. Businesses must also prepare for rising operational costs due to a substantial increase in the National Minimum Wage across all age categories from April 2026. Conversely, the government is extending capital allowances for electric vehicles and making reforms to Inheritance Tax reliefs, including making unused allowances for agricultural and business property transferable between spouses. Furthermore, the FSCS deposit protection limit is increasing to £120,000, offering greater security for business cash reserves, while the introduction of mandatory electronic invoicing is slated for 2029. Finally, the National Cyber Security Centre has released a free, simple Cyber Action Toolkit to help small businesses boost their digital security.

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