Budget Implications for your business webinar 3.12.25

03/12/2025

Super interesting session by Simon Devane, discussing the challenging budget for anyone running a small to medium sized business. From business rates, staff costs, pensions and EMI, we discussed ways of alleviating the impact such as software and AI.

See brief summary below:

Business Rates

Reduction in the multiplier for retail and leisure (may impact some members)
Reasonably significant increase in the rateable values of properties
Important to understand net position and challenge the VOA on your ratable value if you think it is high relative to your rent

Increase in Min Wage

4.1%, from £25,397 to £26,437
Increased admin costs for most businesses
Look at areas of efficiency / outsourcing / software / AI etc

Pension Salary Sacrifice

Employers NI for staff pension contributions via salary sacrifice

PAYE Thresholds Frozen

Impact of fiscal drag over time, will put pressure on salaries

EMI (Enterprise Management Incentive)

EMI schemes extended from 10 years to 15 years (used to expire after 10)
Increased thresholds to allow bigger businesses to access (could be relevant for bigger consolidators)

MSKPN Webinar: Budget briefing Nov 25 – implications for your practice

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