HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.
This inquiry will examine quantitative tightening, including its impact on the economy and its fiscal costs. It will also investigate …
Oral Answers to Questions is a regularly scheduled appearance where the Secretary of State and junior minister will answer at the Dispatch Box questions from backbench MPs
Other Commons Chamber appearances can be:Westminster Hall debates are performed in response to backbench MPs or e-petitions asking for a Minister to address a detailed issue
Written Statements are made when a current event is not sufficiently significant to require an Oral Statement, but the House is required to be informed.
HM Treasury does not have Bills currently before Parliament
A Bill to Authorise the use of resources for the year ending with 31 March 2026; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2025.
This Bill received Royal Assent on 21st July 2025 and was enacted into law.
A Bill to make provision about secondary Class 1 contributions.
This Bill received Royal Assent on 3rd April 2025 and was enacted into law.
A Bill to make provision about finance.
This Bill received Royal Assent on 20th March 2025 and was enacted into law.
A Bill to amend the Crown Estate Act 1961.
This Bill received Royal Assent on 11th March 2025 and was enacted into law.
A Bill to Authorise the use of resources for the years ending with 31 March 2024, 31 March 2025 and 31 March 2026; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the years ending with 31 March 2024 and 31 March 2025.
This Bill received Royal Assent on 11th March 2025 and was enacted into law.
A Bill to make provision for loans or other financial assistance to be provided to, or for the benefit of, the government of Ukraine.
This Bill received Royal Assent on 16th January 2025 and was enacted into law.
A Bill to impose duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures.
This Bill received Royal Assent on 10th September 2024 and was enacted into law.
A Bill to authorise the use of resources for the year ending with 31 March 2025; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2024.
This Bill received Royal Assent on 30th July 2024 and was enacted into law.
e-Petitions are administered by Parliament and allow members of the public to express support for a particular issue.
If an e-petition reaches 10,000 signatures the Government will issue a written response.
If an e-petition reaches 100,000 signatures the petition becomes eligible for a Parliamentary debate (usually Monday 4.30pm in Westminster Hall).
Raise the income tax personal allowance from £12,570 to £20,000
Gov Responded - 20 Feb 2025 Debated on - 12 May 2025Raise the income tax personal allowance from £12570 to £20000. We think this would help low earners to get off benefits and allow pensioners a decent income.
Don't change inheritance tax relief for working farms
Gov Responded - 5 Dec 2024 Debated on - 10 Feb 2025We think that changing inheritance tax relief for agricultural land will devastate farms nationwide, forcing families to sell land and assets just to stay on their property. We urge the government to keep the current exemptions for working farms.
Don't apply VAT to independent school fees, or remove business rates relief.
Gov Responded - 20 Dec 2024 Debated on - 3 Mar 2025Prevent independent schools from having to pay VAT on fees and incurring business rates as a result of new legislation.
Commons Select Committees are a formally established cross-party group of backbench MPs tasked with holding a Government department to account.
At any time there will be number of ongoing investigations into the work of the Department, or issues which fall within the oversight of the Department. Witnesses can be summoned from within the Government and outside to assist in these inquiries.
Select Committee findings are reported to the Commons, printed, and published on the Parliament website. The government then usually has 60 days to reply to the committee's recommendations.
The Government intends to create a fair motoring tax system while supporting the automotive industry and ensuring EVs remain an attractive choice for consumers.
As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.
While it is fair for EV drivers to contribute for their car usage, the government is also committed to ensuring that driving an electric vehicle is an attractive choice for consumers. Therefore, the rate of eVED paid by electric vehicle drivers will be half the fuel duty rate paid by the average petrol/diesel driver, ensuring that it will still be cheaper to own and run an EV for the majority of EV drivers.
The Government is also providing generous additional support to incentivise the use of electric vehicles, including £1.3 billion of additional funding for the Electric Car Grant (ECG), £200 million for chargepoint rollout, and increasing the Expensive Car Supplement (ECS) threshold to £50,000 for EVs. This support will be introduced before the tax takes effect to support continued momentum in EV take-up.
The Government has set out the expected impacts from eVED and other Budget measures in the Budget 2025 Policy Costings document at GOV.UK: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf
The Government intends to create a fair motoring tax system while supporting the automotive industry and ensuring EVs remain an attractive choice for consumers.
As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.
While it is fair for EV drivers to contribute for their car usage, the government is also committed to ensuring that driving an electric vehicle is an attractive choice for consumers. Therefore, the rate of eVED paid by electric vehicle drivers will be half the fuel duty rate paid by the average petrol/diesel driver, ensuring that it will still be cheaper to own and run an EV for the majority of EV drivers.
The Government is also providing generous additional support to incentivise the use of electric vehicles, including £1.3 billion of additional funding for the Electric Car Grant (ECG), £200 million for chargepoint rollout, and increasing the Expensive Car Supplement (ECS) threshold to £50,000 for EVs. This support will be introduced before the tax takes effect to support continued momentum in EV take-up.
The Government has set out the expected impacts from eVED and other Budget measures in the Budget 2025 Policy Costings document at GOV.UK: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf
The Government intends to create a fair motoring tax system while supporting the automotive industry and ensuring EVs remain an attractive choice for consumers.
As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.
While it is fair for EV drivers to contribute for their car usage, the government is also committed to ensuring that driving an electric vehicle is an attractive choice for consumers. Therefore, the rate of eVED paid by electric vehicle drivers will be half the fuel duty rate paid by the average petrol/diesel driver, ensuring that it will still be cheaper to own and run an EV for the majority of EV drivers.
The Government is also providing generous additional support to incentivise the use of electric vehicles, including £1.3 billion of additional funding for the Electric Car Grant (ECG), £200 million for chargepoint rollout, and increasing the Expensive Car Supplement (ECS) threshold to £50,000 for EVs. This support will be introduced before the tax takes effect to support continued momentum in EV take-up.
The Government has set out the expected impacts from eVED and other Budget measures in the Budget 2025 Policy Costings document at GOV.UK: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf
The High Value Council Tax Surcharge (HVCTS) applies to the highest-value properties to make taxation fairer. It affects less than 1% of homes in England and ensures those with the broadest shoulders contribute their fair share towards funding local government services. The tax will only be paid by owners of homes worth over £2m.
Social housing is provided to support low-income and vulnerable groups, and therefore social landlords will be exempt.
The ONS publish “Country and regional public sector finances revenue tables” which includes estimated breakdowns of revenue raised in Scotland from alcohol duty and Energy Profits Levy.
HMRC also publishes Inheritance Tax Liabilities statistics. Tables 12.8 and 12.9 break down the estimated number of taxpaying estates and tax paid by UK nation and region, as well as UK Parliamentary Constituency.
The OBR does not produce forecasts for tax receipts split by individual nations within the UK. Data is not collected on spirits duty paid on Scotch Whisky specifically. Information from estates making claims for Agricultural Property Relief from Inheritance Tax is not recorded to enable regional or national breakdowns.
The Chancellor engages with different stakeholders on a range of policy issues. Her last trip to Aberdeen was in August 2025 where she visited the St Fergus gas plant near Peterhead. Additionally, in March 2025, the Chief Secretary to the Treasury hosted a roundtable in Aberdeen with stakeholders from the oil and gas sector.
Details of Ministerial meetings with external stakeholders are published regularly online. The most recent publication can be found at the following link: https://www.gov.uk/csv-preview/68d50fe09ce370a7e0a0fca0/HMT_ministerial_meeting_Apr_to_Jun_25.csv
HMRC collects data on statutory paternity and shared parental pay. HMRC also holds data on the legal status of organisations and their Pay As You Earn schemes, which does include whether the organisation is a private sector or public sector organisation.
However, to match the two together would be a significant analytical task and so the relevant data could only be collated and verified for the purpose of answering this question at disproportionate cost.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
Due to increased demand for National Insurance services ahead of the 5 April 2025 deadline for making voluntary contributions, there have been delays in processing A1 applications.
As of 2 December 2025:
HMRC is aware of the impact of these delays on customers and is taking steps to improve processing times. HMRC is training 700 more National Insurance advisers and expect to meet their SLAs on this work by the end of December 2025.
HMRC encourages customers to apply online for A1 certificates as these are quicker to deal with.
Due to increased demand for National Insurance services ahead of the 5 April 2025 deadline for making voluntary contributions, there have been delays in processing A1 applications.
As of 2 December 2025:
HMRC is aware of the impact of these delays on customers and is taking steps to improve processing times. HMRC is training 700 more National Insurance advisers and expect to meet their SLAs on this work by the end of December 2025.
HMRC encourages customers to apply online for A1 certificates as these are quicker to deal with.
Due to increased demand for National Insurance services ahead of the 5 April 2025 deadline for making voluntary contributions, there have been delays in processing A1 applications.
As of 2 December 2025:
HMRC is aware of the impact of these delays on customers and is taking steps to improve processing times. HMRC is training 700 more National Insurance advisers and expect to meet their SLAs on this work by the end of December 2025.
HMRC encourages customers to apply online for A1 certificates as these are quicker to deal with.
Due to increased demand for National Insurance services ahead of the 5 April 2025 deadline for making voluntary contributions, there have been delays in processing A1 applications.
As of 2 December 2025:
HMRC is aware of the impact of these delays on customers and is taking steps to improve processing times. HMRC is training 700 more National Insurance advisers and expect to meet their SLAs on this work by the end of December 2025.
HMRC encourages customers to apply online for A1 certificates as these are quicker to deal with.
The existing income tax relief regime for pensions is unaffected by this change, whilst employer contributions can continue to be made free of National Insurance Contributions (NICs).
Salary and bonus sacrifice is an additional NICs relief that is only available to some employees. Those whose employer does not offer it, the self-employed and those with earnings near the National Living Wage cannot benefit.
Individuals earning below £30,000 making pension contributions through salary sacrifice are overwhelmingly protected by a £2,000 cap, with few (c. 5%) making salary sacrifice contributions above this threshold.
A Tax Information and Impact Note will be published in due course alongside the legislation when it is introduced to Parliament.
The existing income tax relief regime for pensions is unaffected by this change, whilst employer contributions can continue to be made free of National Insurance Contributions (NICs).
Salary and bonus sacrifice is an additional NICs relief that is only available to some employees. Those whose employer does not offer it, the self-employed and those with earnings near the National Living Wage cannot benefit.
Individuals earning below £30,000 making pension contributions through salary sacrifice are overwhelmingly protected by a £2,000 cap, with few (c. 5%) making salary sacrifice contributions above this threshold.
A Tax Information and Impact Note will be published in due course alongside the legislation when it is introduced to Parliament.
The existing income tax relief regime for pensions is unaffected by this change, whilst employer contributions can continue to be made free of National Insurance Contributions (NICs).
Salary and bonus sacrifice is an additional NICs relief that is only available to some employees. Those whose employer does not offer it, the self-employed and those with earnings near the National Living Wage cannot benefit.
Individuals earning below £30,000 making pension contributions through salary sacrifice are overwhelmingly protected by a £2,000 cap, with few (c. 5%) making salary sacrifice contributions above this threshold.
A Tax Information and Impact Note will be published in due course alongside the legislation when it is introduced to Parliament.
The existing income tax relief regime for pensions is unaffected by this change, whilst employer contributions can continue to be made free of National Insurance Contributions (NICs).
Salary and bonus sacrifice is an additional NICs relief that is only available to some employees. Those whose employer does not offer it, the self-employed and those with earnings near the National Living Wage cannot benefit.
Individuals earning below £30,000 making pension contributions through salary sacrifice are overwhelmingly protected by a £2,000 cap, with few (c. 5%) making salary sacrifice contributions above this threshold.
A Tax Information and Impact Note will be published in due course alongside the legislation when it is introduced to Parliament.
The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values (i.e. the tax base) of properties remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.
At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties, including those in the hospitality sector as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.
For the pubs sector, the increase in rateable values will be 30%, which combined with the loss of the temporary RHL relief would lead to an increase in total bills paid by the sector of 45%. However, due to government intervention, the sector’s total bill will only increase by 4% next year.
More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.
The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.
The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.
Section 12 of the Public Service Pensions Act 2013 (the Act) requires an employer cost cap to be set in each of the public service pension schemes.
The Act requires that Treasury regulations must provide for the costs of a scheme to remain within specified margins either side of the employer cost cap of the scheme. The Regulations (SI 2014 No. 575) provide the margins are 3% of pay and that steps must be taken to return the cost of a scheme to the employer cost cap if the cost of the scheme would otherwise go beyond these margins.
Treasury Directions made under the Act specify when the employer cost cap is to be assessed (The_Public_Service_Pensions__Valuations_and_Employer_Cost_Cap__Directions_2023_-_Final.pdf ). Valuations of the employer cost cap as at 31 March 2016 and at 31 March 2020 have been undertaken by each of the schemes, for example see page 9 of the Civil Service Pension Scheme Actuarial Valuation as at 31 March 2020 - Valuation Results. Valuations of the employer cost cap as at 31 March 2024 are currently underway and are expected to be published next year.
The Valuation Office Agency are developing their approach to the targeted valuation and will set out more details in due course, following the outcome of the Government's consultation.
In general, when valuing domestic properties, the VOA uses modern technology and industry standard techniques combined with freely available information including sales data, property attribute details and government records.
The previous Government made the decision to maintain income tax thresholds at their current levels from April 2021 until April 2028.
This government is making fair and necessary choices on tax so it can deliver on the public's priorities, including by maintaining personal tax thresholds until April 2031. Everyone is being asked to contribute to support these goals, but the government is keeping the contribution as low as possible by pursuing a programme of reform to fix longstanding issues in the tax system - modernising it, and addressing unequal and unfair treatment, while ensuring the wealthiest contribute more.
The Government has carefully considered the potential impacts of the Energy Profits Levy (EPL), including on investment. The Treasury publishes impacts in summary form for tax measures in tax information and impact notes (TIINs) alongside the Finance Bill. The most recent summary of impacts from the EPL can be found here: https://www.gov.uk/government/publications/energy-profits-levy-reforms-2024.
The Government is clear that the EPL will end in 2030, or earlier if the EPL’s price floor, the Energy Security Investment Mechanism (ESIM), is triggered. While it remains in place, the EPL is forecast to raise around £8.5 billion between 2025/26 and 2030/31, contributing towards funding vital public services. This is in addition to more than £11 billion in tax revenues already raised through the EPL since its introduction in May 2022.
The Government is committed to providing the oil and gas industry with the long-term certainty it needs on the future fiscal landscape and to support capital investment. At Budget 2025, the Government announced the details of the EPL successor regime, the Oil and Gas Price Mechanism. This new regime is designed to respond to future price shocks once the EPL ends, to create a stable, predictable fiscal environment that ensures companies continue to contribute fairly when oil and gas prices are unusually high while supporting investment in the UK’s oil and gas sector.
The government published a Tax Information and Impact Note (TIIN) which set out the impact of the changes, including for businesses, to employer NICs alongside the introduction of the Bill.
The Government decided to protect the smallest businesses from these changes by increasing the Employment Allowance from £5,000 to £10,500. This means that this year, 865,000 employers are paying no NICs at all, and more than half of all employers are either gaining or seeing no change. Businesses are still be able to claim employer NICs reliefs including those for under-21s and under-25 apprentices.
At Budget 2025, the government asked licensing authorities in England and Wales to explicitly consider the need to promote growth and deliver economic benefits in their decisions and set this out in the first National Licensing Policy Framework.
Self-Invested Personal Pensions (SIPPs) are a type of personal pension regulated by the Financial Conduct Authority (FCA) that give savers more choice over how they invest their retirement savings.
In December 2024, the FCA published their discussion paper “Pensions: Adapting our requirements for a changing market”. This paper invited feedback about due diligence and client asset requirements in the SIPP market.
The discussion paper has now closed and the FCA expects to consult on new proposals in Q1 2026.
The FCA continues to monitor developments and remains committed to making sure that its requirements are proportionate and effective.
Further, the United Kingdon has an international obligation under WTO rules to treat imported and domestic products fairly. A duty-based tax incentive that applied only to domestic spirits producers is likely to be inconsistent with these legal obligations.
To support spirits producers, the Government has:
Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.
Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel
Further, the United Kingdon has an international obligation under WTO rules to treat imported and domestic products fairly. A duty-based tax incentive that applied only to domestic spirits producers is likely to be inconsistent with these legal obligations.
To support spirits producers, the Government has:
Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.
Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel
Alcohol duty is paid by producers, and is therefore not typically paid directly by pubs. Further, according to estimates derived from sales data collected on behalf of the Office for National Statistics, only around 15% of spirits are consumed on-trade.
At Autumn Budget 2025 the Chancellor confirmed that alcohol duty will be uprated on 1 February 2026 to main its current real-terms value. The government does not expect this to have any significant impact on competition between the on and off trades.
Alcohol duty is paid by producers, and is therefore not typically paid directly by pubs. Further, according to estimates derived from sales data collected on behalf of the Office for National Statistics, only around 15% of spirits are consumed on-trade.
At Autumn Budget 2025 the Chancellor confirmed that alcohol duty will be uprated on 1 February 2026 to main its current real-terms value. The government does not expect this to have any significant impact on competition between the on and off trades.
The government recognises the role that credit unions play in providing savings and affordable loans to their members, serving local communities throughout the country. This is why the government is taking steps to ensure credit unions are fully supported to grow and scale into the future. This includes running a call for evidence on reforms to the credit union common bond, which closed in March.
After reviewing responses to this call for evidence, the government has committed to a package of growth-focused reforms to the credit union common bond. This was announced in the Financial Inclusion Strategy published on 5 November. The government will provide a further update on this work in due course.
We currently have fewer than 5 staff on leave for six months or more for mental health related sickness absence. We do not reveal the medical details for individual ill health.
As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs (electric vehicles) contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty. As with VED, eVED will apply to UK-registered vehicles; non-UK registered vehicles will be required to register for eVED after a period of six months in the UK.
The Government has ruled out charging tax based on when or where people drive to protect motorists’ privacy. This means non-UK mileage driven by UK registered cars will fall into scope of eVED, as with fuel duty, which does not vary by basis of where a car is driven.
The vast majority of eVED will be paid on travel in the UK; there were an estimated 225 billion car miles in Great Britain in 2024, and over 9 billion miles travelled by car in Northern Ireland in 2023.
The government has published a consultation on GOV.UK, which provides further detail on how eVED is intended to work and seeks views on its implementation, and can be found here: https://assets.publishing.service.gov.uk/media/69282ac1a245b0985f034197/eVED_Consultation.pdf
As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs (electric vehicles) contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty. As with VED, eVED will apply to UK-registered vehicles; non-UK registered vehicles will be required to register for eVED after a period of six months in the UK.
The Government has ruled out charging tax based on when or where people drive to protect motorists’ privacy. This means non-UK mileage driven by UK registered cars will fall into scope of eVED, as with fuel duty, which does not vary by basis of where a car is driven.
The vast majority of eVED will be paid on travel in the UK; there were an estimated 225 billion car miles in Great Britain in 2024, and over 9 billion miles travelled by car in Northern Ireland in 2023.
The government has published a consultation on GOV.UK, which provides further detail on how eVED is intended to work and seeks views on its implementation, and can be found here: https://assets.publishing.service.gov.uk/media/69282ac1a245b0985f034197/eVED_Consultation.pdf
The government receives representations from a wide range of stakeholders on the budget, including those from Scottish Labour.
The government is expanding the Help to Save scheme to Universal Credit claimants who receive either the carer’s element or the child element. This will enable more low-income households to build savings, supported by a government bonus, to improve their financial security.
Whilst no estimate has been made of potential take-up of the scheme on a regional basis, up to an additional 1.5 million households could benefit from the scheme from April 2028.
This is an estimate of the number of non-working households who are estimated to be in receipt of the child element and/ or carer element on Universal Credit in April 2028. It is derived from the DWP’s Policy Simulation Model which is a microsimulation model that is based on data from the Family Resources Survey and DWP benefit forecasts. Eligibility estimates are therefore subject to some uncertainty.
This policy will affect those aged under 65 from April 2027, when the annual Cash ISA limit will be set at £12,000. It will not affect existing cash ISA savings.
A policy costing note for the package of measures introduced to support savers has been published alongside the Budget, including the changes to the ISA regime.
Following a technical consultation, new ISA regulations will be laid, and a Tax Impact and Information Note will be published.
The analysis used to produce the policy costing note is performed in aggregate and a breakdown by county or constituency is not available. However, HMRC regularly publish statistics on ISA subscriptions by region. Table 9.9 of HMRC’s annual savings statistics 2025 includes data for the South East.
This policy will affect those aged under 65 from April 2027, when the annual Cash ISA limit will be set at £12,000. It will not affect existing cash ISA savings.
A policy costing note for the package of measures introduced to support savers has been published alongside the Budget, including the changes to the ISA regime.
Following a technical consultation, new ISA regulations will be laid, and a Tax Impact and Information Note will be published.
The analysis used to produce the policy costing note is performed in aggregate and a breakdown by county or constituency is not available. However, HMRC regularly publish statistics on ISA subscriptions by region. Table 9.9 of HMRC’s annual savings statistics 2025 includes data for the South East.
This policy will affect those aged under 65 from April 2027, but the overall ISA limit will remain at £20,000 for all savers when the annual Cash ISA limit is set at £12,000. It will not affect existing cash ISA savings.
A policy costing note for the package of measures introduced to support savers has been published alongside the Budget, including the changes to the ISA regime.
Following a technical consultation, new ISA regulations will be laid, and a Tax Impact and Information Note will be published.
In addition, HMRC regularly publishes statistics on ISA use online. The average Cash ISA subscription in 2022/23 was £5,296.
Based on available data on current ISA subscriptions from ISA managers, we expect that women make up around 52% of those likely affected by changes to the Cash ISA limit. Women account for 56% of all cash ISA subscribers as of 2022-23. Information on disability is not collected as part of savings statistics.
This policy will affect those aged under 65 from April 2027, but the overall ISA limit will remain at £20,000 for all savers when the annual Cash ISA limit is set at £12,000. It will not affect existing cash ISA savings.
A policy costing note for the package of measures introduced to support savers has been published alongside the Budget, including the changes to the ISA regime.
Following a technical consultation, new ISA regulations will be laid, and a Tax Impact and Information Note will be published.
In addition, HMRC regularly publishes statistics on ISA use online. The average Cash ISA subscription in 2022/23 was £5,296.
Based on available data on current ISA subscriptions from ISA managers, we expect that women make up around 52% of those likely affected by changes to the Cash ISA limit. Women account for 56% of all cash ISA subscribers as of 2022-23. Information on disability is not collected as part of savings statistics.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
The government has published a Tax Information and Impact Note (TIIN) setting out the impact of maintaining income Tax and equivalent National Insurance contributions thresholds.
Church buildings are not usually owned by individuals and so are not usually chargeable to inheritance tax. Where an individual inherits and wishes to retain heritage property they can claim Conditional Exemption, so that there is no inheritance tax for as long as the property is maintained and open to the public to enjoy.
Comprehensive guidance is available on gov.uk at: https://www.gov.uk/government/publications/capital-taxation-and-tax-exempt-heritage-assets
Otherwise, gifts of property to charities or to a recognised National Body (listed at https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm11224 ) would be exempt from inheritance tax.
The design of the visitor levy is subject to consultation and decisions from Mayors about whether to introduce a levy and how it is implemented locally.