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The amount being considered for VAT.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
13 Jun 2025
Following the 2025 Spending Review, experts have warned that Chancellor Rachel Reeves will have to raise taxes in the Autumn Budget to fill a shortfall of up to £23 billion.
12 Jun 2025
The UK economy contracted by 0.3% in April as tax increases kicked in and exporters faced uncertainty over US trade tariffs.