dns accountants

Absolute madness. Despite claims of tackling cost of living pressures, the Government is pursuing a policy that the @OBR_UK has made clear will drive up rents. Almost one million new homes to rent are needed by 2031. But this Budget will clobber #tenants with higher costs while doing nothing to improve access to the homes people need. #Budget2026 nrla.org.uk/news/budget-wi…

Gambling taxes are changing: Remote Gaming Duty rises from 21% to 40%, online betting duty from 15% to 25%. Bingo Duty will be abolished from April 2026. In-person gambling and horse racing remain unchanged. Expected to raise £1bn+ per year by 2031. #autumnbudget

Universal Cr:The controversial two-child limit on Universal Credit, long criticised by campaigners, is set to be removed.According to the OBR,the change will cost around £3 billion by 2029–30 but will inc benefits for 560,000 families by an average £5,310 each. #autumnbudget

Public borrowing is projected to fall from 4.5% of GDP in 2025–26 to 1.9% by 2030–31

Economic forecasts:The economy is now expected to grow by an average of 1.5% per year until the end of the decade, down 0.3 percentage points from March due to weaker-than-expected productivity. #autumnbudget #Budget2025

Student Loans: The repayment and interest rate thresholds for Plan 2 student loans will be frozen for three years starting in 2027–28. #autumnbudget

Corporation Tax:From April 2026, the main WDA rate will fall from 18% to 14%. Additionally, a new 40% first-year allowance for companies will be introduced from January 2026. The changes are expected to generate £1.5bn annually by 2029–30. #autumnbudget

The capital gains tax relief for company owners selling shares to employee ownership trusts is being cut from 100% to 50%, effective immediately. #autumnbudget #Budget2025

In practice, this means contributions over that threshold will attract both employer and employee NI 15% and 8% respectively on earnings below £50,270, and 2% for income above that level. The change is projected to raise £4.7bn in 2029–30 and £2.6bn in 2030–31.

From April 2029, any salary-sacrificed pension contributions over £2,000 a year will be subject to National Insurance. #autumnbudget

There will be 4 bands, with properties worth £2m - 2.5m incurring surcharge of £2,500 and the charge rising to £7,500 for those worth £5m+

The owners of properties worth £2m or more face a new 'high value council tax surcharge' from April 2028. #autumnbudget

The policy is expected to raise £4.7bn in 2029-30 and £2.6bn in 2030-31

Salary-sacrificed pension contributions above an annual £2,000 threshold will no longer be exempt from National Insurance from April 2029. #autumnbudget

The charge will increase in line with inflation and is expected to raise £1.1bn in its first year, rising to £1.9bn by 2030-31.

EV: EV drivers are facing a new pay/mile tax from 2028-29, charging 3p per mile. It is in addition to other road taxes and cost the average driver £255 a year to begin with. #Budget2025 #autumnbudget

Income tax: Freeze on Income Tax threshold will lead to an estimated 920,000 extra higher rate taxpayers, according to the Office for Budget Responsibility. #autumnbudget #Budget2025

Income Tax: The Chancellor has extended the freeze on income tax thresholds for another three years beyond 2028. #Budget2025 #AutumnBudget

You are invited to a free webinar on allowable of expenses self-assessment. Link to register: us06web.zoom.us/webinar/regist…

DNS Group appoints Rob Campbell as Sales Director londonworld.com/business/dns-g…