29/10/2026
The budget is here! What do the latest announcements mean for business owners?🤓💵📊
• 👩💻Employers NIC remains at 15%
• 💵Tax free pay remains at £12,570 frozen until April 2031 – meaning more people will be falling into a tax payable bracket due to the NMW increase.
• 🚘Mileage rate is increasing. The first 10,000 is 55p per mile and from April 2027 the previous rate of 25p will be increased to 35p per mile
• 🤑The National minimum wage (NMW) and National Living wage (NLW) rates will increase by 3.9% for all ages from April 2027
• 🏠Savers and landlords are facing the sharpest increase. 2% is being added onto savings and property income from April 2027
• 💻As from April 2029 all businesses will need to send out e-invoicing, all requirements for this will be announced over the next 12 to 18 months.
If you have any further questions, that could relate specifically to your business. Please don't hesitate to get in touch.
Email : [email protected]
Phone: 07917 583892 or 07956 289023
Call now to connect with business.
