Budget 2025: SMEs Pay More Tax

Most Budget breakdowns tell you what changed. This episode tells you what to do about it. JT explains how the 2024 and 2025 Budgets quietly combine into one long rolling tax plan that hits small business owners between now and 2031. You’ll learn the real impact on wages, payroll, dividend tax, rental income, pensions, and the new salary sacrifice cap coming in 2029. More importantly, you’ll get practical steps to protect your income, plan ahead, and avoid getting caught by stealth taxes. In this episode:

The big picture — why 2024 and 2025 form one long tax plan Employer NI, wage rises, and what small firms must do in 2025/26 Director pay planning ahead of the April 2026 dividend tax rise Salary sacrifice changes from 2029 and why they matter The new pension & inheritance tax issue coming in 2027 Dividend, savings, and rental tax rises through 2026–2027 Capital allowance changes from January 2026 Hidden updates: PAYE changes, MTD soft landing, EV mileage rules and JT’s five-point action plan for small business owners

Useful links AskJT Modernisation Diagnostic: https://www.askjt.co.uk/modernisation-diagnostic