Autus Newsletter » Autumn Budget 2025
Value Added Tax
VAT Registration and deregistration
The VAT registration threshold will remain at £90,000 from 1 April 2026. The deregistration threshold will be £88,000. The rates remain unchanged.VAT - private hire vehicle operators
Private hire vehicle operators (PHVOs) will be excluded from the tour operators’ margin scheme (TOMS) to prevent them from reducing their VAT rate. The change will apply to all PHVOs in London and all PHVOs who operate as ‘principal’ nationally from 2 January 2026.VAT – business donations to charity A relief for business donations of goods to charity for onward distribution or use in the delivery of their services will be introduced from 1 April 2026.
Cross-border VAT grouping
Unconditional whole entity cross-border VAT grouping will be restored from 26 November 2025.This newsletter is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking any action based on the contents of this publication. The Financial Conduct Authority does not regulate tax advice, so it is outside the investment protection rules of the Financial Services and Markets Act and the Financial Services Compensation Scheme. The newsletter represents our understanding of the law and HM Revenue & Customs practice as of November 2025. Past performance is not a reliable indicator of future performance. The value of investments and the income from them can go down as well as up, and you may get back less than you invested. The value of tax relief depends upon your individual circumstances. Tax laws may change. The Financial Conduct Authority does not regulate Accountancy Services, Legal Services, Taxation Advice, Business Consultancy Services, Estate Agency Services and some forms of private banking and debt consolidation.