Finance Act 2025

In short

This law, the Finance Act 2025, outlines various changes and updates to tax regulations across several categories, including income tax, corporation tax, capital gains tax, excise duties, value-added tax, stamp duties, and capital acquisitions tax. It details amendments to existing tax laws and introduces new provisions related to financial matters.

What it regulates

• Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax.
• Excise duties on mineral oil, natural gas, solid fuel, tobacco products, and betting.
• Value-Added Tax (VAT) rates and exemptions.
• Stamp Duties and Capital Acquisitions Tax.

Who it concerns

• Individuals and companies subject to Universal Social Charge, Income Tax, Corporation Tax, and Capital Gains Tax.
• Businesses and consumers affected by excise duties, Value-Added Tax, and stamp duties.
• Individuals and entities involved in capital acquisitions.

Key points

• Amends sections related to rent tax credit, mortgage interest tax relief, and the Help to Buy scheme.
• Introduces an automatic enrolment retirement savings system.
• Adjusts wear and tear allowances for energy-efficient equipment, gas vehicles, and farm safety equipment.
• Modifies rates and reliefs for various excise duties, including tobacco products tax.