Income tax, VAT & National Insurance :-No increase for the remainder of this Parliament
VAT on domestic electricity to be removed from 1 October 2026
Business‑rates relief:- 20 % cut for pubs, social clubs and live‑music venues from April 2027; high‑street relief threshold raised from £12k to £18k
Personal allowance stays at £12,570
Household support payment:- £100 paid to ~20 million households in council‑tax bands A‑D to help with energy bills
Fuel duty cut extended until
Bank surcharge: – Temporary 3 % increase (Jan 2027 – Mar 2028) to fund energy‑bill
Capital Gains Tax (CGT) Possible alignment of CGT rates with income‑tax rates; discussion of a “Founder’s Relief” for gains up to £10 m at 10 %
Wealth tax / mansion tax:- Talk of a higher‑value council‑tax surcharge on properties ≥ £2 m; wealth‑tax threshold debated around £
Inheritance Tax (IHT)Speculation about reliefs for agricultural/business assets; no firm proposal
Corporation tax for large companies to stay at 25 %;
