In the 2026 Autumn Budget, the Chancellor has announced no broad-based tax rises and has presented the Budget as providing short-term “breathing space” for households and businesses whilst pursuing longer-term investment, growth and structural reform.

Dixcart UK has prepared a comprehensive summary of the Budget, highlighting the key announcements and changes you need to be aware of. You can download the full Autumn Budget 2026 Summary here.

Key announcements are as follows:

• A commitment to closing loopholes in the tax system, including giving HMRC funding to improve compliance and stronger powers to collect overdue tax.
• From 6 April 2027, the property basic rate band will increase to 24%, the property higher rate will be 44% and the additional rate will be 49%.
• The cash ISA limit will remain at £20,000.
• National Living Wage increasing to £13.21 per hour from 1 April 2027 for workers aged 21 years and over.
• The trading allowance will increase from £1,000 to £3,000 from 6 April 2027.
• A new Founders’ Relief will apply from 6 April 2027, providing a 10% CGT rate on up to £10 million of lifetime gains for qualifying founders of high-growth, innovative companies. The detailed conditions are subject to technical consultation.
• The Business Asset Disposal Relief lifetime limit will reduce from £1 million to £500,000 from 6 April 2027.
• For international clients, the Government intends to introduce a mechanism to provide double-tax relief for income received through certain foreign entities where relief is currently unavailable. This is aimed at US LLC’s and similar entities.
• There will be an administrative easement to the CGT exit charge where a trust ceases to be UK resident because of trustee migration. This will apply to exit charges arising on or after 28 October 2026.
• The Government intends to reform the taxation of distributions from April 2028 with draft legislation expected in 2027.
• The main corporation tax rate will remain unchanged at 25%.
• From 1 April 2027, the main writing down allowance will reduce to 12% and the main first year allowance will increase to 50%. Full expensing remains.
• The R&D Claim Notification form will be abolished from 1 April 2027 and the Additional Information Form will be simplified.
• The Company Share Option Plan will be renamed EMI2 and from 6 April 2027 the individual option limit will increase from £60,000 to £120,000 with the exercise period extended from 10 to 15 years.
• For the Enterprise Management Incentive scheme, the exercise window following a disqualifying event will be extended from 90 to 180 days and the separate grant notification requirement will be removed.
• Mandatory VAT e-invoicing is due from 1 April 2029.
• For Making Tax Digital, there will be a 12 month penalty easement for taxpayers entering the MTD system from 6 April 2027.
• From 6 April 2029, taxpayers who are within the payments on account regime for Self-Assessment will move from the present twice-yearly system to smaller, more regular payments made during the tax year in which the income is earned.

DOWNLOAD YOUR FREE AUTUMN BUDGET SUMMARY HERE