UK Budget 2025: Reforming for growth?

KPMG UK has provided a detailed summary of the key tax measures announced in the UK Government’s Autumn Budget.

Tax increases were widely expected in the United Kingdom (UK) Budget, and for business these have mainly come in the form of a reduction in the writing down allowances available for (mainly historical) capital expenditure, changes to gambling duty targeting online betting, and amendments to the VAT rules applicable to private hire vehicle operators. Tax giveaways are unsurprisingly more limited, with the most significant proposal being planned business rate changes - primarily benefitting sm...

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Authors: Tim Sarson

Published Date: 02 December 2025