Source Currency: Issue 43, 5 November 2026, Budget Summary Personal taxes Business taxes Corporation taxes Employment taxes Inheritance tax VAT and other indirect taxes Other tax announcements Consultations Tax tables Income tax allowances Income tax rates National Insurance Contributions 2027–28 Individual savings accounts Capital gains tax Corporation tax Residential property developer tax Bank levy Bank surcharge Car benefit Car fuel benefit Tax-free mileage allowances Inheritance tax Stamp taxes Annual tax on enveloped dwellings VAT Capital allowances Pillar 2 global minimum tax Economic crime (anti-money laundering) levy Registered pension schemes Budget Statement Budget Statement (extracts) Budget Resolutions Resolutions to be moved by the Chancellor of the Exchequer Extract from the Financial Statement Budget Report (tax extracts Tax Information and Impact Notes Capital Gains Tax—surrendering rights for capital sums Capital Gain Tax exit charges—temporarily migrated trusts Capital Gains Tax—late filing penalties for returns for disposals of UK residential property Tax treatment of pension and lump sum death benefits under the two-year rule Income Tax—immigration skills charge and certificate of sponsorship fees Withholding tax exemption for Scottish Government bonds Inheritance Tax—preventing unintended deductions for liabilities in trust arrangements Local Government Pension Scheme Relief for Stamp Duty Land Tax Amendments to leasing anti-avoidance legislation Changes to Employee Share Schemes Surplus payments to members in a defined benefit pension scheme Enterprise Management Incentives (EMI)—removal of the requirement to submit a notification of a grant of options Income Tax—collecting tax on excess lump sum death benefits Changes to legislation resulting from new savings and property rates Definition of terminal illness for pensions access Child Benefit overpayments and the High Income Child Benefit Charge Taxation of company cars—the appropriate percentage for tax years 2030 to 2031 and 2031 to 2032 Increasing the trading allowance Reduction in Income Tax for eligible pensioners Income Tax—image rights payments treated as employment income Individual Savings Accounts (ISAs)—introduction of a compliance package to improve Individual Savings Account (ISA) compliance and support the digitalisation of ISA reporting Reduce Lifetime ISA withdrawal charge for properties over the property price cap Income Tax exemption—Department for Energy Security and Net Zero Electricity Bill Discount Scheme Taxation of stablecoins Withholding of tax for rewards received under the Strengthened Reward Scheme Corporate Interest Restriction—creative reliefs and tax-EBITDA calculation Corporation Tax—exemption for investment life insurance contract payouts Profits from exploration and exploitation rights Increase in rate of banking surcharge for temporary period Pillar 2—Side-by-Side package and further amendments to Multinational Top-up Tax and Domestic Top-up Tax Corporation Tax—reform of the foreign permanent establishment exemption Research and Development (R&D) Tax Reliefs—improving the customer experience Reform of the business to business reverse charge for supplies of services from overseas Temporary zero rate of VAT in Great Britain for domestic electricity VAT and Climate Change Levy on electric vehicle charging points not for public use Changes following the abolition of NHS England VAT zero rate on donated medicines Extending VAT online marketplace liability VAT provisions for drink Deposit Return Schemes Powers and safeguards for VAT refund claims made using form VAT126 VAT treatment for supplies of a deputy for a medical practitioner—repeal of Item 5 of Group 7 of Schedule 9 of the VAT Act 1994 Air Passenger Duty—extension of the higher rate Alcohol Duty—penalties for late filing and payments Capital Gains Tax—introduction of a new founders relief Capital Gains Tax relief for gifts of business assets Alcohol Duty uprating and Small Producer Relief changes Mandatory reporting of benefits in kind in Real Time Information (RTI) from April 2027 Tackling promoters of tax avoidance Changes to venture capital schemes Soft Drink Industry Levy changes Climate Change Levy—changes to rates from 1 April 2028 Company Directors Disqualification Act 1986—disqualification following breach of HMRC securities legislation Tax treatment of Cryptoasset Loans and Liquidity Pools Reforming the Cultural Gift Scheme Customs and excise—power to dispose of goods seized as liable to forfeiture Electric Vehicle Excise Duty (eVED) Penalties for deliberate wrongdoing involving excise goods before the duty point Additional Council Tax charge on high-value properties Landfill Communities Fund Value—2027 to 2028 Landfill Tax—removal of exemption for stabilisers added to dredgings sent to landfill Modernising the correction of errors—general taxpayer obligation and HMRC customer correction notice National Savings and Investments tracing Issue Oil and Gas Revenue Levy (OGRL) Changes to the publishing details of deliberate defaulters policy Reforming the customs treatment of low value imports into the UK Reforming civil tax information and inspection powers (Schedule 36 Finance Act 2008) and modernising the definitions about computer records (s114 Finance Act 2008) Remote Gaming Duty—tax treatment of freeplays, prizes and tournament entry Modernisation of the Stamp Taxes on Shares framework—Securities Transfer Tax Stamp Duty Land Tax—assured tenancies Stamp Duty Land Tax—group relief Tax provisions for public sector bodies as part of a statutory reorganisation Exemption for search and rescue vehicles from Vehicle Excise Duty (VED).