27 affected Acts; 62 amendments in total. Each block shows the target Act's text with this Act's changes applied.
subsections (1) – (2) unchanged
After Chapter 5B a new Chapter 5C is inserted, containing sections 41M–41Z and 41ZA: foreign-employment election for qualifying new residents, eligibility, election mechanics, foreign-workdays earnings disregarded subject to a £300,000/30% cap, anti-avoidance and definitions.
subsection (1) – table of appropriate percentages substituted (rates for 2028-29 increased by ~1 percentage point per band)
subsections (4) – (8) unchanged; corresponding table in section 140 (cars without CO2 figure) is also substituted
subsection (1) – appropriate-percentage table substituted (further increase for 2029-30 onwards)
subsections (4) – (8) unchanged; corresponding table in section 140 also substituted
After the entry relating to statutory parental bereavement pay, a new row is inserted: “Statutory neonatal care pay — SSCBA 1992, section 171ZZ16”; the corresponding entry is added to the list in subsection (2). Consequential additions are made to paragraph 48 of Schedule 2 (notice of possible effect of deductions on benefit entitlement).
whole section substituted — establishes a new “internationally mobile employee” framework with employer notifications, treaty-non-resident sub-cases, and special accounting/return rules for tax year 2025-26 and subsequent years.
subsection (1) unchanged
Schedule 1 contains consequential amendments; Schedule 2 contains transitional provision
subsection (1) unchanged
Inserted after section 59A. Where a member contributed an asset to an LLP in circumstances where section 59A(1) applied, and the LLP subsequently disposes of the asset (or part) to the member or a connected person after section 59A(1) has ceased to apply, the asset is deemed to have been disposed of and reacquired by the member immediately before contribution at market value; the resulting gain/loss accrues at the time of disposal by the LLP; just-and-reasonable reduction; effective from 30 October 2024.
In TCGA 1992 section 151I(1), paragraph (d) is substituted with a corrected cross-reference to paragraph 23 or paragraph 23B of Schedule 2 to FSMA 2000. In CTA 2009 section 1179AE(2), “either House of Parliament”“the House of Commons”. In Taxation (Post-transition Period) Act 2020 section 4(2)(a), “section 42”“section 47”.
subsections (1) – (2) unchanged
subsections (4) – (8) unchanged; corresponding cross-reference in section 1H(1)(a) updated to match
subsection (1) unchanged
consequential updates in section 1H(1)(b) and section 1I(4)(a)
structure unchanged
Inserted before Schedule 1, with paragraphs 1–10: claim for relief by qualifying new residents (within 12 months of 31 January following the tax year), reliefs (foreign gains disregarded; losses ignored), interaction with other CGT provisions, and definitions.
subsections (2) – (6) unchanged (with transitional rules for straddling periods)
corresponding dates in section 7(2) and section 16 (transitional provision for accounting periods straddling 31 March) updated to 2030.
whole section substituted — investment expenditure (capital de-carbonisation of upstream petroleum production for oil-related activities, excluding financing/decommissioning costs) is treated as additional expenditure for the purposes of section 1
whole Chapter 2A omitted; in section 574 the references to that chapter (subs (1)(aa) and the parenthetical in subs (2)) are omitted; subsection (1) of section 576 (priority between Chapters) omitted; in section 873(3) paragraph (ba) omitted; in TIOPA 2010 the OIRP indirect-participation paragraphs are omitted from section 157 and section 159.
After Chapter 4 a new Chapter 5 is inserted, containing sections 845A–845K: foreign-income claims by qualifying new residents, eligibility (years of residence and 10-year prior non-residence), interaction with other reliefs, the effect of a claim (foreign income disregarded for the year), partnership rules, regulation-making power and definitions.
subsections (1) – (3) unchanged
consequential changes to section 161 (financing cases) extend its scope to section 219(2)
subsections (2) – (3) unchanged
subsections (1) – (2) unchanged
In the section 1112A overview, subsection (6) is replaced. Section 1112J and its preceding heading are wholly substituted to determine Northern-Ireland-company entitlement to Chapter 2 relief with reference to a four-year accumulated cap and Northern Ireland subsidy controls.
in section 1179AA(7) the qualifying-company definition is reorganised into paragraphs (a) and (b) (the latter allowing certificate submission after the end of an accounting period); section 1179DJ (British certification condition for films/TV) is restructured; comparable changes to the video-games British-certification condition in section 1179FF.
In each section the existing provision becomes subsection (1); a new subsection (2) treats as excluded any expenditure not paid within four months of the end of the accounting period. Section 1179DX(3) is omitted as a consequence.
inserted after section 1179EB in Part 14A (films, television programmes and video games). Provides an additional audiovisual-expenditure credit where the production company has incurred qualifying UK visual-effects expenditure on a qualifying film or television programme during the completion period or a subsequent period; with cap of 80% of core expenditure, anti-double-relief rule, definitions, regulation-making power and territorial scope.
sub-paragraph (4) substituted — for the transitional period that section is to be read as if for 30%40% in subsections (2) and (3), and paragraph (b) of subsection (7) is replaced with an updated relief-period definition.
whole section omitted; references to it in section 244J(4) and section 244K(6) also struck out.
in force on 6 April 2026
subsection (1A) updated to mirror; new section 6A inserted after section 6 — defines “long-term UK resident”: a person who has been UK resident for at least 10 of the 20 tax years preceding the relevant tax year, with run-off rules for departing residents.
subsection (2) — in each of paragraphs (a), (b) and (d) a new temporal anchor “, at the time of the disposition,” is inserted; in (c) “has been”“is”. Parallel restrictions on applying trust property for the benefit of participators are added to section 28A, section 75 and section 86.
After subsection (4) new subsections (4A)–(4B) inserted: subsection (4)(a) does not apply if more than 25% of relevant beneficiaries (disregarding subsection (4)(a)) are participators. Parallel additions are made to sections 28, 28A, 75 and 86.
In subsection (1), after paragraph (b) a new paragraph (c) is inserted requiring the individual to have been beneficially entitled to the relevant shares throughout the two-year period ending with the transfer. A new subsection (8) defines what counts as the same shares for this purpose.
subsections (3) – (3F) (domicile-of-settlor rules) omitted. After section 48 a new section 48ZA is inserted: settled property situated outside the UK, or a holding in an authorised unit trust / open-ended investment company, is excluded property if the settlor was not a long-term UK resident at the time the property became settled.
whole section substituted — land in an environmental-management agreement is treated as agricultural property occupied for the purposes of agriculture, subject to a two-year qualifying period; with definitions of relevant agreements and Treasury power to designate further schemes.
In Group 6 (education), item 3(b)(i) and item 4 are amended to refer to new Part 3 (Exceptions). After Part 2 a new Part 3 (Exceptions) is inserted: supplies of education, vocational training, or board and lodging by a “private school” (a school providing full-time education for pupils of compulsory school age, or full-time further education for fee-paying 16-19 year-olds) are excepted from the Group 6 exemption.
Table A in subsection (3) is substituted — the rate for the £0–£250,000 band rises from 3% to 5%, with corresponding increases to higher bands.
In Sch 4A paragraph 3(1)(a) and in step 4 of section 74(1A), the rate is increased from 15%17% for land transactions whose effective date falls on or after 31 October 2024.
Table A in section 55(1B), as cross-referenced in paragraph 1(2), is substituted — additional-dwellings surcharge bands set to 5% (≤£125k), 7% (£125k–£250k), 10% (£250k–£925k), 12% (£925k–£1.5m) and 17% (above).
Subsection (6) (exception from section 44(8) of FA 2003 for substantially performed contracts) is amended to extend the modified disregard rules to the new rate-change date.
subsection (2) — “If the lessee is a company, this Part”“This Part”; “company” in subsection (4) is extended to “or individual” wherever it appears; subsection (9) reference list extended to include subsections (2), (3),.
References to “Wales” are removed from the section 157 heading and subsection (1)(b); after section 157A a new section 157B is inserted, mirroring the alternative-finance treatment for ATED purposes where land in Wales is held under arrangements falling within paragraph 2 of Schedule 10 to LTTA 2017.
effective in relation to packaging components produced or imported on or after 1 April 2025
In the operative text, “or 2026”“, 2026, 2027 or 2028” — extending the freeze on the IHT nil-rate band, residence nil-rate band and taper threshold to 2028-29 and 2029-30.
Section 112 and Schedule 12 are repealed. Consequential omissions are made to FA 1994 section 12(2) (paragraph (ca)) and section 13A(2), and to related provisions in the Customs and Excise Management Act 1979.
Schedule 7 (and the small-producer relief tables in Schedule 9) are substituted with updated per-litre-of-alcohol rates (Table 1) — £9.61 below 3.5% ABV, £29.54 at 8.5%–22%, £32.79 above 22%; intermediate band rates in Table 2; corresponding small-producer-relief schedule replaced.
Table substituted — Cigarettes: 16.5% of retail price plus £334.58 per 1,000, or £446.67 per 1,000 floor; Cigars £417.33/kg; Hand-rolling tobacco £476.83/kg; Other smoking / chewing tobacco rates updated.
After subsection (1A) a new subsection (1AA) defines a “zero-emission vehicle” (CO₂ emissions of zero grams per kilometre or per kilowatt-hour).
In paragraph 1 sub-paragraphs (2) and (2A), “, or zero-emission,” is inserted after “propelled”. In paragraph 1A new sub-paragraphs (1A)–(1B) treat zero-emission vehicles as having a CO₂ figure of zero. Equivalent treatment is added to paragraph 1GA (Part 1AA vehicles) and the Part 1B/1AA rate tables.
In sub-paragraph (2) (engine cylinder capacity exceeding 1,549cc) £345£360; in sub-paragraph (2A) (lower engine cap) corresponding uplift. Effective for licences taken out on or after 1 April 2025.
In sub-paragraph (6) Tables 1 to 6 (supplement by trailer plated gross weight, total weight and axle count) are substituted with updated rates.
In each of paragraph 6(2A)(a) (exceptional loads), paragraph 9(3) (rigid goods over 44,000 kg) and paragraph 11(3) (tractive unit over 44,000 kg), the duty figure is uprated.
The duty figure is uprated from £350£365 for licences taken out on or after 1 April 2025.
The rates table in sub-paragraph (1) is substituted with new bands by revenue weight and axle count.
In paragraph 5 Tables 1 and (consequentially) 2 are substituted with new daily / weekly / monthly / half-yearly / yearly rates for Euro 6 vehicles by band.
Short-haul (subs (2)): paragraph (b) £26£28. Long-haul (subs (2A)): (a) £88£90, (b) £194£216. Ultra-long-haul (subs (4A)) and corresponding business-class rates uprated similarly. Effective for carriage on or after 1 April 2025.
Domestic (subs (1B)): (a) £7£8, (b) £14£16. Short-haul, long-haul and ultra-long-haul rates further uplifted; effective for carriage on or after 1 April 2026.
Table substituted — Electricity £0.00801/kWh; Gas £0.00978/kWh; Solid fuels £0.06064/kg; LPG £0.04102/kg (and reduced-rate percentages where applicable).
effective in relation to disposals made (or treated as made) on or after 1 April 2025
effective in relation to aggregate subjected to commercial exploitation on or after 1 April 2025
whole section repealed for payments on or after 30 October 2024
Inserted after section 464. Where within any 30-day period qualifying repayments totalling £5,000+ are made to a close company in respect of chargeable payments to a person, and the available amount of further chargeable payments to the person or an associate equals or exceeds the qualifying-repayment total, the repayments are treated for Part 10 purposes as not being repayments of the original chargeable payments.