The Chancellor, John Healey announced changes to Capital Gains Tax (CGT) reliefs for business owners and investors as part of the Budget measures. From 6 April 2027, the lifetime limit for Business Asset Disposal Relief (BADR) will be reduced from £1
The Autumn Budget 2026 announced changes to the tax relief available to businesses investing in plant and machinery. The Government will increase the main rate first-year allowance to 50% for qualifying expenditure incurred from 1 January 2027, while
The Autumn Budget 2026 announced several measures aimed at helping drivers with the cost of fuel, business travel and electric vehicle charging. These include extending the temporary fuel duty cut, making tax-free mileage rates more generous and
It was announced as part of the Autumn Budget measures that the Trading Allowance will increase from £1,000 to £3,000 from 6 April 2027. The increase will help people earning small amounts from trading or other miscellaneous activities, while
What the announcements could mean for you and your business The Chancellor’s Budget includes changes affecting savings, property income, business disposals, payroll, pensions and the way tax is reported and paid. Some measures are new, while others
Smaller businesses may find it easier to compete for public sector contracts following new Government proposals intended to reduce unnecessary paperwork and simplify the process of dealing with public authorities. On 23 October 2026, the Government
Businesses experiencing difficulties recruiting suitably qualified employees may benefit from new Government plans to expand apprenticeships, work experience and vocational training across several important sectors of the economy. Announced on 19
HMRC is beginning to issue tax calculation letters (P800) and Simple Assessment notices (PA302) to collect any tax owed on bank and building society interest earned during the 2025-26 tax year. Some taxpayers may already have received a Simple
From 6 April 2027, employers must payroll taxable benefits in kind and expenses in real time, including company cars, car fuel, vans, van fuel, and employer-provided medical benefits. Most other benefits will become subject to mandatory payrolling
HMRC has introduced an automated payment process to speed up refunds for people who may have overpaid National Insurance contributions. The process has been in use since early summer, according to HMRC’s latest Agent Update. HMRC will write to
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