As the UK prepares for the Autumn Budget announcement on 26 November, businesses across the country are bracing for what could be a pivotal fiscal shift. At Tungsten Corporate Solutions, we’ve analysed the early signals and potential tax measures to help our clients stay ahead of the curve.

Public Finance Pressures Mount The Office for Budget Responsibility is expected to downgrade productivity forecasts, revealing a potential £30bn gap in public finances. This shortfall, driven by global instability and rising tariffs, places significant strain on the government’s ability to maintain its manifesto pledges without increasing tax rates.

Tax Rises on the Horizon? Despite previous assurances from Chancellor Rachel Reeves that further tax hikes were off the table, recent comments suggest a shift in tone. With inflationary pressures and geopolitical uncertainty, the government may reconsider its stance on corporation tax, income tax, and National Insurance Contributions (NICs).

Business Strategy Under Review For our clients, this means revisiting financial forecasts and tax planning strategies. We recommend preparing for potential changes in:

• Capital allowances and investment reliefs
• Dividend taxation
• R&D incentives and compliance thresholds

What Tungsten Recommends We advise all clients to:

• Conduct scenario planning for various tax outcomes
• Review corporate structures for efficiency
• Stay informed on legislative updates and HMRC guidance

Looking Ahead While the full details of the Budget remain under wraps, the signals are clear: adaptability and foresight will be critical. Tungsten Corporate Solutions remains committed to helping businesses navigate uncertainty with confidence and clarity.