Finance Act 2025

The Finance Act 2025 is the UK government's primary annual legislation for implementing tax changes and managing public finances. It typically includes modifications to income tax, corporation tax, VAT, and other duties, along with any new fiscal policies announced in the Budget. The act also authorizes government borrowing and sets the framework for how tax revenues are collected and allocated across government departments. Without this act, the government cannot legally implement most tax policy changes or adjust tax allowances for the year ahead.