29/10/2026
Autumn Budget 2026: What are the key announcements?
Chancellor John Healey has delivered his first Budget today (28 October), announcing a range of measures affecting businesses, individuals and the wider economy.
For small businesses and accountancy practitioners, key announcements include an increase in the small business rates relief threshold from £12,000 to £18,000, a new Capital Gains Tax Founders' Relief offering a 10% rate on qualifying lifetime gains of up to £10 million, and an increase in the tax-free limit for income from small trading ventures from £1,000 to £3,000.
The Government has also announced further measures to tackle VAT non-compliance among online marketplace sellers, additional HMRC compliance activity and stronger tax debt collection powers.
Other announcements include increased tax-free business mileage rates, a continued freeze on fuel duty, and a £100 energy payment for eligible households.
CPAA will be reviewing the Budget announcements and their implications for smaller accountancy practices and their clients as further details become available.