The Autumn Budget 2026, delivered on 28 October by Chancellor John Healey, outlined the Government’s plans to support households, encourage business investment and deliver “growth in every postcode”.
Against a backdrop of continued economic uncertainty, the Budget introduced a range of measures aimed at supporting households, encouraging business investment and promoting long-term economic growth. While some announcements offer welcome relief and new opportunities, others could have significant implications for individuals, employers and businesses.
Autumn Budget 2026: Key Tax Announcements:
- Personal Tax: A further 2% increase in Income Tax rates on property and savings income from April 2027, alongside an extension of the freeze on Income Tax thresholds until April 2031.
- National Living Wage: An increase to £13.21 per hour from April 2027, with corresponding rises in the National Minimum Wage for younger workers.
- Capital Gains Tax: A reduction in the lifetime limit for Business Asset Disposal Relief to £500,000, alongside the introduction of a new Founders’ Relief offering a reduced 10% tax rate on qualifying gains.
- Business Investment: Changes to capital allowances, including an increase in the main rate First Year Allowance to 50%, while maintaining the headline Corporation Tax rate at 25%.
- Support for Small Businesses: Increased Small Business Rates Relief thresholds for qualifying retail, hospitality and leisure properties, alongside an increase in the Trading Allowance for self-employed individuals.
- Employee Incentives: Expansion of tax-advantaged employee share schemes to encourage business growth and investment.
- VAT: New responsibilities for online marketplaces to collect VAT on qualifying sales from October 2027.
- Household Support: Measures to ease living costs, including energy bill support and an extension of the temporary fuel duty reduction.
How Will the Autumn Budget 2026 Affect You?
Whether you’re a business owner, employer, landlord, investor or individual planning for the future, the announcements could have important implications for your finances.
Our Autumn Budget 2026 Report provides a clear and comprehensive overview of the key changes, covering Personal Tax, Employment, Capital Taxes, Business and other important measures.
[Read our Autumn Budget 2026 Report]
For further information on the Autumn Budget 2026 and the Government’s latest tax announcements, please visit the official HM Treasury website.
We’re Here to Help
At PKB, we’re committed to helping our clients understand changes to tax legislation and make informed financial decisions.
If you have any questions about how the Budget may affect you or your business, please get in touch with our team.
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