28/10/2026
🏛️It’s Budget Day!
At around 12:30pm, John Healey will deliver his first Budget as Chancellor, and the first of Andy Burnham’s government. Leaks have been unusually thin, but here’s where things stand going in.
Already announced
• Tax-free mileage rates: 55p a mile locked in for the first 10,000 business miles, with the rate above that rising from 25p to 35p
• Two weeks of parental pay extended to around 150,000 more parents a year, including self-employed dads and partners
Widely reported
• The small business rates relief threshold rising from £12,000 to £18,000, taking around 75,000 properties in England out of business rates
• A higher bank surcharge, reversing the earlier cut from 8% to 3%
• Speculation that the ‘mansion tax’ threshold could drop from £2m to £1.5m
Off the table
• Rises to the main rates of income tax, employee NI or VAT, or to the 25% main rate of corporation tax
• A capital gains tax hike, which the Chancellor has reportedly ruled out
Nothing is certain until the speech is over, so we’ll be sharing the key points for accountants live throughout the day.
Whatever’s announced, we’ll help you make sense of it for your clients:
📄Branded Budget PDF: A clear summary for your clients, in your firm’s branding, within hours of the speech
https://eu1.hubs.ly/H0zrRQB0
🎓Budget Update webinar, Thursday 29 October, 12:30-2pm (1.5 CPD hours): immediate reaction, planning points and traps to avoid. Free for Platinum and Premium Plus members and anyone who’s bought the Budget PDF
https://eu1.hubs.ly/H0zrRPd0
✍️Monthly Tax Update: Budget Deep Dive, Monday 2 November, 10-11am: In-depth discussion of the key measures and what they mean for your clients
https://eu1.hubs.ly/H0zrRQz0