United Kingdom Gazettes Finance Act 2025

The United Kingdom Official Gazette March 26 published Law No. 8/2025, Finance Act 2025. The law includes measures: 1) setting the basic, higher, and additional individual income tax rates for tax year 2025-2026 at 20, 40, and 45 percent, respectively; 2) increasing various capital gains tax rates for other than carried interest gains; 3) setting the main corporation tax rate at 25 percent for financial year 2026; 4) increasing the energy profits levy to 38 percent, from 35 percent, for accounting periods beginning on or after Nov. 1, 2024, and extending the levy two years through accounting periods ending on ...