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 CGT.
- A proposal from 6 April 2026 to limit 100% relief for APR and BPR to a combined £1m with any excess obtaining only 50% relief.
- 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.
- 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.