29/10/2026
Budget 2026: the bits that matter to you
The headlines this year weren't the big rates - income tax, National Insurance and VAT all stay the same, and corporation tax remains capped at 25%. The changes sit in the detail, and most start from April 2027. Here's our quick rundown:
🏡 Landlords and savers: tax on property and savings income rises by another 2 percentage points to 24% / 44% / 49% from 6 April 2027.
⏳ Selling your business? Business Asset Disposal Relief's lifetime limit halves from £1m to £500,000 for disposals from 6 April 2027 - so if you're planning an exit, it's worth talking timing sooner rather than later.
🏗️ Investing in equipment? First-year allowances on new plant rise from 40% to 50% for spending from 1 January 2027, while the main writing-down allowance falls to 12% from April 2027.
💼 Side income: the Trading Allowance trebles from £1,000 to £3,000 from April 2027.
🛍️ Retail, hospitality and leisure: small business rates relief thresholds rise to £18,000 (tapering to £21,000) from 1 April 2027, with rates frozen in real terms for two years.
💷 Employers: the National Living Wage rises 3.9% to £13.21 an hour from 1 April 2027.
Want the full picture? Read and download our full technical review here:http://srcaccountants.co.uk/wp-content/uploads/2026/10/Budget-2026-–-Technical-Review-for-SRC.pdf
If any of these affect your plans, we're here to help you get ahead of them - just give us a call.
Stourbridge: 01384 403500
Bewdley: 01299 661511
Worcester: 01905 968710