Tax changes for 2026

There are three main tax changes for Businesses in 2026.

For self-employed with incomes over £50,000 it is now mandatory to make quarterly summaries to HMRC using Making Tax Digital Compatible Software

Capital Allowance has been cut from 18% to 14% for plant & machinery. But there is 40% for the new first year allowance available for the main rate assets.

Business Assets Disposal Relief has increased from 14% to 18%