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From changes to trading allowances and MTD penalties to business rates and minimum wage increases, FreeAgent rounds up the key announcements from the Autumn Budget 2026.
The Autumn Budget has introduced a range of measures that will affect small businesses, freelancers, landlords and employers, with several changes coming into effect from April 2027.
Some of the key announcements include:
Trading allowance: Increasing from £1,000 to £3,000 from April 2027, benefiting freelancers and those with smaller self-employed incomes.
Making Tax Digital: Those joining MTD for Income Tax in April 2027 will receive a penalty easement for their first four quarterly updates.
Minimum wage: The National Living Wage will increase to £13.21 per hour from April 2027.
Business rates: Additional support and increased relief thresholds for qualifying retail, hospitality and leisure businesses.
Tax payments: Plans for smaller, more regular Self Assessment payments from April 2029.
There are also changes affecting Capital Gains Tax reliefs, property and savings income, mileage rates and VAT and PAYE payment arrangements.
For accountants and bookkeepers, understanding these changes will be important when advising clients and helping them prepare for what's ahead.
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