A summary of the measures announced on 28 October 2026, checked against published guidance on 2 November 2026. Future changes remain subject to legislation and detailed implementation rules.

Business and Payroll

• Minimum wage: From 1 April 2027, hourly rates rise to £13.21 for workers aged 21+, £11.27 for ages 18–20, and £8.31 for under-18s and eligible apprentices.
• Business rates (England): From 1 April 2027, qualifying retail, hospitality and leisure properties receive full Small Business Rate Relief up to £18,000 rateable value, tapering to zero at £21,000. Thresholds will be reviewed at the 2029 revaluation.
• Trading allowance: From 6 April 2027, the allowance rises from £1,000 to £3,000 for eligible individuals’ total gross trading and miscellaneous income, before expenses.
• Payrolling benefits: From 6 April 2027, mandatory payrolling covers company cars, vans, their fuel and medical benefits—not all taxable expenses. Most other benefits follow in April 2028; loans, accommodation and certain globally mobile employees remain outside mandation for now.
• Corporation Tax: The main rate remains 25% and the small profits rate 19%, with marginal relief for eligible companies.

Personal Tax and Savings

• Savings and property income: From 6 April 2027, basic, higher and additional rates are set to be 24%, 44% and 49%. Savings rates apply UK-wide; property rates cover England, Wales and Northern Ireland, subject to devolved powers.
• Business Asset Disposal Relief: The rate stays at 18%, but the lifetime limit on qualifying gains falls from £1 million to £500,000 for disposals from 6 April 2027. Previous claims count; anti-forestalling rules may affect earlier contracts.
• Dividends: Rates remain 10.75%, 35.75% and 39.35%, with a £500 dividend allowance.
• ISAs: The £20,000 annual allowance remains. The planned reduction in the cash ISA limit from April 2027 has been cancelled.

Transport

• Fuel duty and mileage: The temporary 5p-per-litre fuel duty cut continues until 1 July 2027. For business use of personal cars and vans, 55p per mile for the first 10,000 miles already applies from 6 April 2026; the rate above 10,000 miles rises from 25p to 35p on 6 April 2027.
• Electric Vehicle Excise Duty: Planned from 1 April 2028, this additional mileage-based charge covers battery-electric, plug-in hybrid and hydrogen fuel-cell cars, alongside existing Vehicle Excise Duty.

Next Steps

Review payroll, benefits, mileage claims and any planned business disposal before April 2027. Contact our office for advice tailored to your circumstances.