Reporting on this topic was still developing when we wrote this, and some details come from commentary rather than official documents. Check GOV.UK for the final rules before you act.
Budget 2026 was reported on 28 October 2026. Commentary highlights these points for small businesses and the self-employed. Treat every figure as provisional until you have checked it on GOV.UK, because details can change in the Finance Bill.
Main points reported
- Self Assessment payments: reform of payments on account is reported for April 2029, towards more regular in-year payments. Detail is still being developed. See payments on account.
- VAT and National Insurance rates: reported as unchanged.
- Business Asset Disposal Relief: a reduction in the maximum tax saving is reported.
- Savings income: higher tax rates on savings income are reported from April 2027.
- Business rates: relief changes are reported for some retail, hospitality and leisure properties in England from April 2027.
- Mileage: the 55p rate for the first 10,000 business miles is reported to continue.
- Enforcement: more HMRC funding and powers to pursue people who can pay but do not.
Already in the calendar
- Making Tax Digital for Income Tax is rolling out in stages. See the deadlines.
- The second quarterly update is due on 7 November. See the checklist.
- Self Assessment is due 31 January 2027. See the guide.
What to do now
- Read the official summary on GOV.UK for anything that affects you.
- Keep your records up to date, so you can adapt quickly. See year-end tax planning.
- Ask your accountant about changes to relief on a sale or on dividends.
- Build a cash reserve, because more frequent tax payments will change your cash flow.
How AvrioBooks helps
Keep clean, up-to-date records with bank reconciliation, forecast your cash and run reports for your accountant. See cash flow forecasting software.
Frequently asked questions
When was Budget 2026?
It was reported on 28 October 2026. Check GOV.UK for the official documents.
Did VAT or National Insurance rates change?
Commentary reports they are unchanged. Check GOV.UK to confirm.
What is changing for Self Assessment?
Reform of payments on account is reported for April 2029, with details still being developed.
Where should I check the details?
On GOV.UK, or with your accountant, before acting on any figure.
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