{"id":2401,"date":"2024-11-20T16:49:49","date_gmt":"2024-11-20T14:49:49","guid":{"rendered":"https:\/\/chikov.com\/%d0%b1%d1%8e%d0%b4%d0%b6%d0%b5%d1%82-2025-%d0%be%d1%81%d0%bd%d0%be%d0%b2%d0%bd%d0%b8%d1%82%d0%b5-%d0%bc%d0%be%d0%bc%d0%b5%d0%bd%d1%82%d0%b8-%d0%bd%d0%b0%d0%ba%d1%80%d0%b0%d1%82%d0%ba%d0%be\/"},"modified":"2024-12-13T11:23:41","modified_gmt":"2024-12-13T09:23:41","slug":"byudzhet-2025-osnovnite-momenti-nakratko","status":"publish","type":"post","link":"https:\/\/chikov.com\/en\/byudzhet-2025-osnovnite-momenti-nakratko\/","title":{"rendered":"Budget 2025: key points at a glance"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400;\">Reeves pledges \u201cmore pounds in people\u2019s pockets\u201d and improved living standards. The only way to drive economic growth is to \u201cinvest, invest, invest\u201d, she says.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reeves says this budget will raise taxes by \u00a340bn a year, with much of the rise to be paid for by businesses and the rich.<\/span><\/p>\n<h3><b>National insurance<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Employers' National Insurance contributions will rise by 1.2 percentage points to 15% from April 2025. The government will also reduce a secondary threshold when contributions are due from \u00a39,100 to \u00a35,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These changes will increase recruitment costs and could impact the cash flow of the business. However, to support smaller businesses, Employment Allowance (which allows eligible employers to reduce their NIC liability) will be increased from \u00a35,000 to \u00a310,500 and the \u00a3100,000 eligibility threshold will be removed. This will help small businesses to offset the increased costs.<\/span><\/p>\n<h3><b>Income tax<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Budget confirmed that the previous Government's income tax and national insurance contributions freeze will not be extended and that these personal thresholds will be increased in line with inflation from April 2028.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The surprise move allows Reeves to argue she has kept Labour\u2019s manifesto promise to not increase taxes on working people \u2013 even if it does only start in 2028\/29.<\/span><\/p>\n<h3><b>Capital gains and inheritance tax<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Capital gains tax will be increased. The lower rate will be raised from 10% to 18%, and the higher rate from 20% to 24%. There will, however, be no increase on the 18% and 24% capital gains rate imposed on the sale of second homes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For business asset sale relief and investor relief, the rate will gradually rise to 14% from April 2025 and match the basic lower rate of 18% from April 2026. Therefore, if you are planning to sell business assets, these changes may result in higher tax liabilities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The government will extend a freeze on the threshold for inheritance tax to 2030, allowing \u00a3325,000 to be inherited tax free. From 2027 inherited pension pots will also be subject to the tax.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reliefs will be reformed for business and agricultural assets. After \u00a31m, those assets will attract inheritance tax of 20%.<\/span><\/p>\n<h3><b>National Living Minimum Wage<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The national living wage, the legal minimum for over-21s, will increase by 6.7% to \u00a312.21, equivalent to \u00a31,400 a year for an eligible full-time worker.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The national minimum wage for employees aged 18-20 will increase to \u00a310.00.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The national minimum wage for employees aged 16-17 will increase to \u00a37.55.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Additionally, controls on the taxation of Benefits in Kind will become significantly more stringent from April 2026. These are allowances received by employees and directors that are not a direct part of their salary, such as a company car, private health insurance, gym membership, accommodation etc.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong>Making Tax Digital<\/strong><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Budget confirmed that the digitalisation (MTD) for income tax would go forward and the previously announced dates had not changed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From April 2026, taxpayers with a combined gross income (before expenses) from self-employment and\/or property over \u00a350,000 will need to register. Then, from 2027, it will also reach those with income of \u00a330,000.<\/span><\/p>\n<h3><b>Corporate tax<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The government promised to keep the level of corporation tax to 25% for the term of this parliament.<\/span><\/p>\n<h3><b>Capital Allowances\/CA<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Government will extend for a further year to 31 March 2026 for corporation tax purposes and 5 April 2026 for income tax purposes:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">- 100% First Year Allowance (FYA) for qualified zero emission vehicle costs<\/span><\/p>\n<p><span style=\"font-weight: 400;\">- 100% FYA for qualified costs of equipment or machinery for electric vehicle charging points.<\/span><\/p>\n<h3><b>Pay as You Earn (PAYE)<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Personal Allowance remains \u00a312 570. The only notable change announced is that the tax thresholds on the Personal Allowance and PAYE will be increased by inflation from 2028\/29.<\/span><\/p>\n<h3><b>Stamp Duty Land Tax<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">From 31 October 2024, the Higher Rate Additional Dwelling (HRAD) surcharge on Stamp Duty Land Tax (SDLT) increased by 2 per cent, from 3 per cent to 5 per cent. This means that if you buy additional properties - either for your business or as a landlord - you will be required to pay a higher rate of tax. This will also affect you if you already own a residential property and invest in additional residential properties.<\/span><\/p>\n<h3><b>Tobacco and alcohol<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">\u041f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0449\u0435 \u0432\u044a\u0432\u0435\u0434\u0435 \u0434\u0430\u043d\u044a\u043a \u0432\u044a\u0440\u0445\u0443 \u0432\u0435\u0439\u043f\u043e\u0432\u0435\u0442\u0435, \u043a\u043e\u0439\u0442\u043e \u0449\u0435 \u0431\u044a\u0434\u0435 \u0443\u0432\u0435\u043b\u0438\u0447\u0435\u043d \u0432 \u0441\u044a\u043e\u0442\u0432\u0435\u0442\u0441\u0442\u0432\u0438\u0435 \u0441 \u0442\u043e\u0437\u0438 \u0432\u044a\u0440\u0445\u0443 \u0442\u044e\u0442\u044e\u043d\u0430.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tobacco taxes will rise by 2% above retail prices index (RPI) measure of inflation for the rest of this parliament, and tax on hand-rolling tobacco will increase by 10%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Taxes on alcohol will rise in line with the RPI, but Reeves announces a cut in draught duty by 1.7%.<\/span><\/p>\n<h3><b>Fuel duty<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Reeves says increasing fuel duty next year would be wrong, so she extends the freeze for a year and maintains the last government\u2019s 5p cut.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fuel duty was frozen between 2011 and 2022, and cut by 5p in March 2022 after Russia\u2019s full-scale invasion of Ukraine.<\/span><\/p>\n<h3><b>Private school fees<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">VAT will be brought in on private school fees from January 2025.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Not in the least a surprise, and if you believe the polling, one of the more popular policies in both the Labour manifesto and the budget.<\/span><\/i> <i><span style=\"font-weight: 400;\">Will it see a rush of private school students into the state sector?<\/span><\/i> <i><span style=\"font-weight: 400;\">Time will tell, but ministers are fairly relaxed.<\/span><\/i><\/p>\n<h3><b>Schools and education<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Reeves says the Department for Education will receive \u00a36.7bn of capital investment, a 19% real-terms increase. That includes \u00a31.4bn to rebuild more than 500 schools in the greatest need.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The schools budget will increase by \u00a32.3bn to support the hiring of teachers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There will be \u00a32.1bn for school maintenance, a \u00a3300m increase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reeves announces a \u00a31bn increase in funding for special educational needs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There will be another \u00a3300m for higher education.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">One of the most visible and enduring legacies of the last Labour government was the many new and renovated schools it delivered.<\/span><\/i> <i><span style=\"font-weight: 400;\">Reeves has set out her ambition to copy this.<\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><b>NHS<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Reeves promises a 10-year plan for the NHS in the spring, targeting 2% productivity growth next year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">She announces a \u00a322.6bn increase in the day-to-day health budget, and \u00a33.1bn increase in the capital budget. That includes \u00a31bn for repairs and upgrades, and \u00a31.5bn for new beds in hospitals and testing capacity.<\/span><\/p>\n<h3><b>Housing<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The government will spend \u00a35bn on housing investment in 2025-26, including increasing the supply of affordable housing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The government will reduce right-to-buy discounts, and local governments will retain the earnings from council housing sales to allow them to reinvest.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The government will hire \u201chundreds of new planning officers\u201d to accelerate housebuilding.<\/span><\/p>\n<h3><b>Transport<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Reeves commits to the Transpennine Route Upgrade, improving capacity at Manchester Victoria and electrifying the Wigan to Bolton route. She also promises to support east-west rail links between Oxford and Cambridge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reeves confirms the government will fund tunnelling of HS2 to London Euston.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There will be a \u00a3500m increase in the roads budget next year to target potholes.<\/span><\/p>\n<h3><b>Energy<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Reeves announces \u00a33.4bn for the warm homes plan to upgrade buildings, lowering energy bills.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The government will fund Great British Energy, a new body to be based in Aberdeen.<\/span><\/p>\n<h3><b>Other measures<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">\u0420\u0438\u0439\u0432\u0441 \u043a\u0430\u0437\u0432\u0430, \u0447\u0435 \u043f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0449\u0435 \u0441\u044a\u0431\u0435\u0440\u0435 6,5 \u043c\u043b\u0440\u0434. \u043b\u0438\u0440\u0438 \u0447\u0440\u0435\u0437 \u0431\u043e\u0440\u0431\u0430 \u0441 \u0438\u0437\u0431\u044f\u0433\u0432\u0430\u043d\u0435\u0442\u043e \u043d\u0430 \u0434\u0430\u043d\u044a\u0446\u0438, \u0432\u043a\u043b\u044e\u0447\u0438\u0442\u0435\u043b\u043d\u043e \u043e\u0442 \u0441\u0442\u0440\u0430\u043d\u0430 \u043d\u0430 \u0447\u0430\u0434\u044a\u0440\u043d\u0438\u0442\u0435 \u0444\u0438\u0440\u043c\u0438.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from that, not less important is the investment intention announced by the UK tax authorities (HMRC) in two main areas:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Communications and compliance staff - an extra 5,000 employees to check compliance, which should ease the pressure on taxpayers and accountants and their teams to speak to HMRC and resolve issues more quickly.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt collection. HMRC will also employ an additional 1,800 debt collection staff acquiring data from credit reference agencies and upgrading IT systems to manage debts.<\/span><\/li>\n<\/ul>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>\u041d\u043e\u0432\u0438\u044f\u0442 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432 \u043c\u0438\u043d\u0438\u0441\u0442\u044a\u0440 \u043d\u0430 \u0412\u0435\u043b\u0438\u043a\u043e\u0431\u0440\u0438\u0442\u0430\u043d\u0438\u044f \u0420\u0435\u0439\u0447\u044a\u043b \u0420\u0438\u0439\u0432\u0441 \u043e\u0431\u0435\u0449\u0430 \u201e\u043f\u043e\u0432\u0435\u0447\u0435 \u043f\u0430\u0443\u043d\u0434\u0438 \u0432 \u0434\u0436\u043e\u0431\u043e\u0432\u0435\u0442\u0435 \u043d\u0430 \u0445\u043e\u0440\u0430\u0442\u0430\u201c \u0438 \u043f\u043e\u0434\u043e\u0431\u0440\u044f\u0432\u0430\u043d\u0435 \u043d\u0430 \u0436\u0438\u0437\u043d\u0435\u043d\u0438\u044f \u0441\u0442\u0430\u043d\u0434\u0430\u0440\u0442. \u0415\u0434\u0438\u043d\u0441\u0442\u0432\u0435\u043d\u0438\u044f\u0442 \u043d\u0430\u0447\u0438\u043d \u0434\u0430 \u0441\u0435 \u0441\u0442\u0438\u043c\u0443\u043b\u0438\u0440\u0430 \u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u044f\u0442 \u0440\u0430\u0441\u0442\u0435\u0436 \u0441\u043f\u043e\u0440\u0435\u0434 \u043d\u0435\u044f \u0435 \u0434\u0430 \u0441\u0435 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0440\u0430. \u0420\u0438\u0439\u0432\u0441 \u0437\u0430\u044f\u0432\u0438, \u0447\u0435 \u0449\u0435 \u043f\u043e\u0432\u0438\u0448\u0430\u0432\u0430 \u0434\u0430\u043d\u044a\u0446\u0438\u0442\u0435 \u0441 40 \u043c\u043b\u0440\u0434. \u043f\u0430\u0443\u043d\u0434\u0430 \u043d\u0430 \u0433\u043e\u0434\u0438\u043d\u0430, \u043a\u0430\u0442\u043e \u0433\u043e\u043b\u044f\u043c\u0430 \u0447\u0430\u0441\u0442 \u043e\u0442 \u0440\u044a\u0441\u0442\u043e\u0432\u0435\u0442\u0435 \u0449\u0435 \u0431\u044a\u0434\u0430\u0442 \u043f\u043b\u0430\u0442\u0435\u043d\u0438 \u043e\u0442 \u0431\u0438\u0437\u043d\u0435\u0441\u0430 \u0438 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[35,51],"class_list":["post-2401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-polezno","tag-obstha-informacziya","tag-obstha-finansova-informacziya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u0411\u044e\u0434\u0436\u0435\u0442 2025: \u043e\u0441\u043d\u043e\u0432\u043d\u0438\u0442\u0435 \u043c\u043e\u043c\u0435\u043d\u0442\u0438 \u043d\u0430\u043a\u0440\u0430\u0442\u043a\u043e ~ Chikov<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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