Key Highlights of the UK Budget 2025 Measures to Support Workers and Economic Growth

The UK budget presented by the Chancellor includes several key measures aimed at boosting employment and supporting workers. Overall, these measures have been introduced to support economic growth, improve financial stability for workers, and streamline payroll processed for employers.

There has been increase in National Minimum Wages and various thresholds/ tax rates like NIC, SMP, etc. Apart from this increase, following are the major highlights of the UK budget 2025:

• No deduction of student and postgraduate loan repayments for employees working under ‘Off payroll working (OPW)’
• Additional guidance by His Majesty's Revenue and Customs (HMRC) on amending payroll for female employees who pay less National Insurance
• Paying Pay As You Earn (PAYE) and Value Added Tax (VAT) bill by Direct Debit
• Guidance on employer National Insurance contributions relief for employers operating in Freeport and investment zone special tax sites
• Change in notifications by employers to operate PAYE of a globally mobile employee’s income and changes to Overseas Workday Relief
• Changes in Overseas Workday Relief rules
• ‘Find National Insurance Number’ service
• HTML format of employer bulletin