29/10/2026
🍂AUTUMN BUDGET 2026 – WHAT DOES IT MEAN FOR YOU?
Yesterday's Budget brought a mixture of changes for households, the self-employed, landlords and small businesses.
Here's a quick roundup of the key announcements 👇
1. Personal Allowance – Frozen at £12,570 until April 2031.
2. Self-Employed – Trading Allowance increasing from £1,000 to £3,000 from April 2027.
3. Corporation Tax – Rates remain unchanged at 19% and 25%.
4. VAT – Registration threshold remains at £90,000.
5. National Living Wage – Increasing to £13.21 per hour from April 2027.
6. Landlords – Higher Income Tax rates on rental profits from April 2027.
7. Cash ISAs – Annual allowance remains at £20,000.
8. Business Mileage – Changes to approved mileage rates.
9. HMRC Compliance – More compliance officers and stronger tax debt recovery measures.
Feeling overwhelmed by tax changes and keeping on top of your business finances?
At TLC Bookkeeping Services we take the stress out of bookkeeping, So you can focus on what you do best 😁