Collection

Budget 2025 tax related documents

All HMRC tax related documents and other announcements for Budget 2025.

• From: HM Revenue & Customs
• Published: 26 November 2025
• Last updated: 26 November 2025 — See all updates

The Chancellor of the Exchequer, the Rt Hon. Rachel Reeves MP, delivered Budget 2025 to Parliament on 26 November 2025. 

Full details of all announcements, supporting documents and information are available. Read:

• Budget 2025 for full details of the announcements
• an overview of tax legislation and rates (OOTLAR) for a list of the announced tax policy measures
• the impact definitions

Measures with effect from 26 November 2025 or before

• Anti-avoidance rule relating to certain non-derecognition liabilities
  • 26 November 2025
  • Policy paper
• Capital Gains Tax — Employee Ownership Trusts
  • 26 November 2025
  • Policy paper
• Capital Gains Tax: share exchanges and reorganisations
  • 26 November 2025
  • Policy paper
• Capping Inheritance Tax trust charges for excluded property in trusts
  • 26 November 2025
  • Policy paper
• Creative industries and Research and Development tax reliefs: administrative changes
  • 26 November 2025
  • Policy paper
• Further amendments to Multinational Top-up Tax and Domestic Top-up Tax
  • 26 November 2025
  • Policy paper
• Inheritance Tax and Infected Blood compensation payments
  • 26 November 2025
  • Policy paper
• Inheritance Tax: anti-avoidance measures for non-long-term UK residents and trusts
  • 26 November 2025
  • Policy paper
• Oil and gas taxation: Decommissioning Relief Deeds
  • 26 November 2025
  • Policy paper
• Research and Development — clarifying the scope of the overseas restriction
  • 21 July 2025
  • Policy paper
• Residence-based tax regime: technical amendments
  • 26 November 2025
  • Policy paper
• Tobacco Duty: rate changes
  • 26 November 2025
  • Policy paper

Measures with effect from 27 November 2025

• Stamp Duty Reserve Tax: relief changes
  • 26 November 2025
  • Policy paper

Measures with effect from 2 December 2025

• Controlled foreign companies: interest on the reversal of state aid recovery
  • 26 November 2025
  • Policy paper

Tax information and impact notes

• Abolition of the dividend tax credit for non-UK residents
  • 26 November 2025
  • Policy paper
• Advance tax certainty service: major investment projects with certainty  in advance
  • 26 November 2025
  • Policy paper
• Aggregates Levy: devolution to Scotland
  • 26 November 2025
  • Policy paper
• Alcohol Duty: rates change
  • 26 November 2025
  • Policy paper
• Aligning PAYE notifications with the Overseas Workday Relief limit
  • 26 November 2025
  • HTML Publication
• Annual Tax on Enveloped Dwellings — availability of relief
  • 26 November 2025
  • Policy paper
• Anti-avoidance rule relating to certain non-derecognition liabilities
  • 26 November 2025
  • Policy paper
• Benefits in kind: easement for plug-in hybrid electric vehicles 
  • 26 November 2025
  • Policy paper
• Capital Gains Tax — Employee Ownership Trusts
  • 26 November 2025
  • Policy paper
• Capital Gains Tax: Incorporation Relief claims
  • 26 November 2025
  • Policy paper
• Capital Gains Tax: non-resident capital gains
  • 26 November 2025
  • Policy paper
• Capital Gains Tax: share exchanges and reorganisations
  • 26 November 2025
  • Policy paper
• Capping Inheritance Tax trust charges for excluded property in trusts
  • 26 November 2025
  • Policy paper
• Changes to agricultural property relief and business property relief
  • 26 November 2025
  • Policy paper
• Changes to charity tax rules
  • 26 November 2025
  • Policy paper
• Changes to Employee Car Ownership Schemes for Income Tax
  • 26 November 2025
  • Policy paper
• Changes to Gambling Duties
  • 26 November 2025
  • Policy paper
• Collective money purchase: registration of unconnected multiple employer schemes
  • 26 November 2025
  • Policy paper
• Construction Industry Scheme: tackling fraud
  • 26 November 2025
  • Policy paper
• Controlled foreign companies: interest on the reversal of state aid recovery
  • 26 November 2025
  • Policy paper
• Corporate Interest Restriction relief for certain capital expenditure in calculation of taxable earnings
  • 26 November 2025
  • Policy paper
• Corporate Interest Restriction: reporting companies
  • 26 November 2025
  • Policy paper
• Corporation Tax: increases to late filing penalties
  • 26 November 2025
  • Policy paper
• Creative industries and Research and Development tax reliefs: administrative changes
  • 26 November 2025
  • Policy paper
• Crown Immunity: repeal of obsolete legislation
  • 26 November 2025
  • Policy paper
• Cryptoasset Reporting Framework: reporting of UK resident cryptoasset users
  • 26 November 2025
  • Policy paper
• Economic Crime Levy: changes to bands and charges
  • 26 November 2025
  • Policy paper
• Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT) changes
  • 26 November 2025
  • Policy paper
• Enterprise Management Incentive scheme: increasing the limits
  • 26 November 2025
  • Policy paper
• Further amendments to Multinational Top-up Tax and Domestic Top-up Tax
  • 26 November 2025
  • Policy paper
• First-year allowances for zero-emission cars and electric vehicle chargepoints
  • 26 November 2025
  • Policy paper
• Income Tax: cancelled, moved or curtailed shifts
  • 26 November 2025
  • Policy paper
• Income Tax: Changes to Tax rates for Property, Savings and Dividend Income
  • 27 November 2025
  • Policy paper
• Income Tax charge on Winter Fuel Payments
  • 26 November 2025
  • Policy paper
• Income Tax: removal of the tax relief for additional homeworking expenses
  • 26 November 2025
  • Policy paper
• Inheritance Tax and Infected Blood compensation payments
  • 26 November 2025
  • Policy paper
• Inheritance Tax: anti-avoidance measures for non-long-term UK residents and trusts
  • 26 November 2025
  • Policy paper
• Inheritance Tax: thresholds
  • 26 November 2025
  • Policy paper
• Inheritance Tax: unused pension funds and death benefits
  • 26 November 2025
  • Policy paper
• Inland border facilities: changes to port approvals legislation
  • 26 November 2025
  • Policy paper
• Introduction of Carbon Border Adjustment Mechanism
  • 26 November 2025
  • Policy paper
• Introduction of Vaping Duty Stamps Scheme on 1 October 2026
  • 26 November 2025
  • Policy paper
• Introduction of Vaping Products Duty from 1 October 2026
  • 26 November 2025
  • Policy paper
• Landfill tax rates for 2026 to 2027
  • 26 November 2025
  • Policy paper
• Loan charge independent review
  • 26 November 2025
  • Policy paper
• Maintaining Income Tax and equivalent National Insurance contributions thresholds until 5 April 2031
  • 26 November 2025
  • Policy paper
• Mandatory tax adviser registration with HMRC
  • 26 November 2025
  • Policy paper
• Modernising HMRCs outbound digital communications
  • 26 November 2025
  • Policy paper
• New first-year allowance and main rate of writing-down allowances
  • 26 November 2025
  • Policy paper
• Oil and gas taxation: Decommissioning Relief Deeds
  • 26 November 2025
  • Policy paper
• PAYE changes for the umbrella company market
  • 26 November 2025
  • Policy paper
• Plastic Packaging Tax — mass balance approach and removal of pre-consumer plastic
  • 26 November 2025
  • Policy paper
• Removing VAT on donations of eligible goods from businesses to charities
  • 26 November 2025
  • Policy paper
• Residence-based tax regime: technical amendments
  • 26 November 2025
  • Policy paper
• Stamp Duty Reserve Tax: relief changes
  • 26 November 2025
  • Policy paper
• Stamp Taxes on Shares: modernisation
  • 26 November 2025
  • Policy paper
• Tackling promoters of marketed tax avoidance
  • 26 November 2025
  • Policy paper
• Tackling tax adviser facilitated non-compliance
  • 26 November 2025
  • Policy paper
• Tax implications for Private Intermittent Securities and Capital Exchange System (PISCES)
  • 26 November 2025
  • Policy paper
• Temporary non-residence rules — post departure trade profits
  • 26 November 2025
  • Policy paper
• The expansion of workplace benefits relief
  • 28 November 2025
  • Policy paper
• The reform of transfer pricing, permanent establishment and Diverted Profits Tax
  • 26 November 2025
  • Policy paper
• Tobacco Duty: rate changes
  • 26 November 2025
  • Policy paper
• Tour Operators’ Margin Scheme: change in legislation for Private Hire Vehicle Operators
  • 26 November 2025
  • Policy paper
• Transfer pricing: international controlled transactions schedule
  • 26 November 2025
  • Policy paper
• VAT and Insurance Premium Tax: change to reliefs for qualifying motor vehicle leasing schemes
  • 26 November 2025
  • Policy paper
• VAT: Refunds of VAT for Combined County Authorities
  • 26 November 2025
  • Policy paper
• Vehicle Excise Duty for expensive car supplement threshold increase for zero emission vehicles
  • 26 November 2025
  • Policy paper

Other HMRC budget related documents

• The HMRC tax debt strategy update
  • 26 November 2025
  • Corporate report
• The taxation of decentralised finance involving the lending and staking of cryptoassets
  • 26 November 2025
  • Consultation outcome
• Tackling the hidden economy by expanding tax conditionality to new sectors
  • 26 November 2025
  • Consultation outcome
• Promoting electronic invoicing across UK businesses and the public sector
  • 26 November 2025
  • Consultation outcome
• Tax implications for companies and employees in relation to employees trading their shares on PISCES
  • 26 November 2025
  • Policy paper
• Research and Development tax relief advance clearances
  • 26 November 2025
  • Consultation outcome
• Personal Tax: Offshore Anti-Avoidance external engagement
  • 26 November 2025
  • Policy paper
• Behavioural penalties reform
  • 26 November 2025
  • Consultation outcome
• Transfer pricing — scope and documentation
  • 26 November 2025
  • Consultation outcome
• Reform of transfer pricing, permanent establishment and Diverted Profits Tax
  • 26 November 2025
  • Consultation outcome
• Changes to tax rates for property, savings and dividend income
  • 26 November 2025
  • Policy paper

Published 26 November 2025

Last updated 26 November 2025 + show all updates

1. 26 November 2025

   Links to the tax information and impact notes for Budget 2025 added

2. 26 November 2025

   First published.