VAT and other indirect taxes
No major changes, only some minor points of interest.
Asset Income Shakeup
Additional taxes on investment income to more closely align with PAYE and National Insurance on salaries.
Homes under the cosh: A New ‘Mansion Tax’
Rachel Reeves targets high-end residential real estate with effects sure to ripple through London and the South.
NIC, Pensions and ISA allowance
Changes to salary sacrifices, ISA limits frozen until 2030/31 and a hint tax may be deducted from the State Pension.
Inheritance tax – a mixed bag
No headline grabbing inheritance tax changes this year, but some anti-avoidance measures and a couple of welcome reliefs.