Updated: 14 March 2025
As every small business owner will know, April 2025 is a big month. Not only is it the start of the new tax year, but most of the tax changes announced in the Autumn Budget 2024 come into effect this month.
Anyone with employees will be particularly affected by the changes, which will see an increase in the cost of staff to employers. Additionally, the retail, leisure and hospitality sector will be impacted by a reduction in business rate relief, and anyone who uses commercial vehicles should also take note: vehicle excise duty is increasing; and double cab pick ups are now reclassified for tax purposes.
Here are all the tax changes that are coming your way from the beginning of April 2025.
While many of the below changes will increase the cost to business of employing staff, they come alongside an increase in Employment Allowance, designed to offset these payroll costs.
From Tuesday 1st April 2025
From Sunday 6th April 2025
As well as the increased cost of employing staff in the 2025/26 tax year, certain businesses will be impacted by additional tax changes.
The below changes are pertinent to the retail, leisure and hospitality sector, businesses with commercial vehicles, and anyone planning on disposing of business assets.
From Tuesday 1st April 2025
From Sunday 6th April 2025
If you need finance to help your small business in 2025, you can apply for a loan or line of credit in minutes. Check if you’re eligible today.
13/03/25: While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. If you have any questions, please speak to your professional adviser or seek independent legal advice.
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