Main items of interest to the majority of small businesses will be:
- Personal allowances, taxation and national insurance rates, please view the tax data information page above, noting the changes made to Dividend tax rates.
- From 6 April 2026 100% relief for APR and BPR will be limited to a combined £1m with any excess obtaining only 50% relief. Any unused allowance may be transferred between spouses.
- The Corporation Tax rates remain at 25% for Profits over £250,000, Profits below £50,000 will remain taxed at 19%. A tapered rate applies for Profits between £50,000 and £250,000 to merge the two rates.
- The main rate of Capital Allowance writing down allowances will reduce in April 2026 to 14% from 18%.
- VAT registration limit remains at £90,000 and the deregistration limit £88,000.
- Changes to the tax treatment of Double Cab pick ups purchased from 6 April 2025, see the guidance here.
- Proposals to raise the Income Tax rates payable on Income from Property and Savings by 2% for all tax bands.
- MTD for ITSA from April 2026, see below.