{"id":1514,"date":"2025-11-27T14:45:16","date_gmt":"2025-11-27T14:45:16","guid":{"rendered":"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/self-employed-tax-changes\/"},"modified":"2026-03-31T15:12:08","modified_gmt":"2026-03-31T15:12:08","slug":"self-employed-tax-changes","status":"publish","type":"knowledge","link":"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/self-employed-tax-changes\/","title":{"rendered":"Small business tax changes: new thresholds, rates, and allowances"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">What are the latest tax changes the self-employed and small businesses need to know about? There are usually new UK tax brackets and other updates introduced each year, often coming into force at the start of the new financial year in April.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So here are seven business tax changes to understand, from income tax brackets and national living wage increases to Making Tax Digital and business rates changes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-7-tax-changes-small-businesses-need-to-know\">7 tax changes small businesses need to know<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The new tax year starts on 6 April every year, and with that often comes a range of new tax rates and thresholds. Here\u2019s a summary of the latest tax changes for 2024-25 and 2025-26:<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex has-2-columns\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ol class=\"wp-block-list\">\n<li class=\"wp-block-list-item\"><a href=\"#personal-allowance\">Personal allowance freeze extended<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"#tax-brackets\">Income tax brackets<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"#minimum-wage\">National minimum wage rates<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"#dividend\">Dividend tax changes<\/a><\/li>\n<\/ol>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ol start=\"5\" class=\"wp-block-list\">\n<li class=\"wp-block-list-item\"><a href=\"#mtd\">Making Tax Digital<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"#business-rates\">Business rates<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"#paye\">PAYE and self-employed income<\/a><\/li>\n<\/ol>\n<\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"personal-allowance\">1. Personal allowance freeze extended<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As part of the <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-news\/autumn-budget-for-small-businesses\/\" data-type=\"knowledge\" data-id=\"25715\" >2025 Autumn Budget<\/a>, the Chancellor announced that the personal allowance will remain frozen at \u00a312,570 until 2031.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a reminder, this is how much you can earn tax free.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses and taxpayers in general are facing rising costs, so could feel the pinch of this personal allowance freeze.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And over the long-term, if earnings rise and the personal allowance stays the same, then you\u2019ll pay more in tax.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"tax-brackets\">2. UK tax brackets for income tax<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">These are the <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/income-tax-rates\/\" data-type=\"knowledge\" data-id=\"1464\">income tax rates<\/a> and thresholds the self-employed should be aware of:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">basic rate \u2013 20 per cent on income between \u00a312,571 and \u00a350,270 \u2013 you pay tax on \u00a337,700<\/li>\n\n\n\n<li class=\"wp-block-list-item\">higher rate \u2013 40 per cent on income between \u00a350,271 and \u00a3125,140<\/li>\n\n\n\n<li class=\"wp-block-list-item\">additional rate \u2013 45 per cent on income above \u00a3125,140<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">There are different bands and rates for Scotland.<\/p>\n\n\n\n<div id=\"nba-body-001\">\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"minimum-wage\">3. Changes to wage rates for employers<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As part of the Autumn Budget 2025, Chancellor Rachel Reeves announced a range of changes to the wage rates paid by employers.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><strong>Rate from April 2025<\/strong><\/td><td><strong>Rate from April 202<\/strong>6<\/td><td><strong>Percentage increase<\/strong><\/td><\/tr><tr><td><strong>National living wage (21+)<\/strong><\/td><td>\u00a312.21 an hour<\/td><td>\u00a312.71 an hour<\/td><td>4.1%<\/td><\/tr><tr><td><strong>National minimum wage (18-20)<\/strong><\/td><td>\u00a310 an hour<\/td><td>\u00a310.85 an hour<\/td><td>8.5%<\/td><\/tr><tr><td><strong>National minimum wage (16-17)<\/strong><\/td><td>\u00a36.40 an hour<\/td><td>\u00a38.00 an hour<\/td><td>6%<\/td><\/tr><tr><td><strong>Apprentice rate<\/strong><\/td><td>\u00a37.55 an hour<\/td><td>\u00a38.00 an hour<\/td><td>6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s estimated that the new <a data-type=\"knowledge\" data-id=\"1588\" href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/staff\/what-is-the-national-minimum-wage\/\">national living wage<\/a> will see approximately 2.4 million workers benefit from a \u00a3900 annual pay rise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government\u2019s eventual aim is to have a single adult rate national living wage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While this is good news for workers, this increase also means higher costs for employers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"dividend\">4. Tax rates for dividends<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The <a data-type=\"knowledge\" data-id=\"1377\" href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/dividend-tax-simplified-a-guide-for-small-business-owners\/\">dividend tax rate<\/a> will increase by two per cent from the 2026-27 tax year. This change will affect both basic and higher rate taxpayers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The dividend allowance was cut from \u00a31,000 to \u00a3500 from the 2024-25 tax year onwards. This means you pay dividend tax on the dividends you earn above \u00a3500 at these rates:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><strong>2025-26<\/strong><\/td><td><strong>2026-27<\/strong><\/td><\/tr><tr><td><strong>Basic rate<\/strong><\/td><td>8.75 per cent<\/td><td>10.75 per cent<\/td><\/tr><tr><td><strong>Higher rate<\/strong><\/td><td>33.75 per cent<\/td><td>35.75 per cent<\/td><\/tr><tr><td><strong>Additional rate<\/strong><\/td><td>39.35 per cent<\/td><td>39.35 per cent<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"mtd\">5. Making Tax Digital on track for April 2026<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Self Assessment taxpayers have until April 2026 to start using <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/what-is-making-tax-digital\/\" data-type=\"knowledge\" data-id=\"1580\">Making Tax Digital<\/a> (MTD) for income tax. Initially this will apply to those with an income over \u00a350,000. Those earning over \u00a330,000 will need to use the system from April 2027.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An update during the 2025 Autumn Budget revealed that <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/self-assessment\/how-much-will-making-tax-digital-cost\/\" data-type=\"knowledge\" data-id=\"43294\" >MTD penaltie<\/a>s for income tax won\u2019t be applied for late submission of quarterly updates during the 2026-27 tax year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"business-rates\">6. Changes to business rates<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Retail, hospitality, and leisure (RHL) businesses should be aware of the latest <a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/what-are-business-rates\/\" data-type=\"knowledge\" data-id=\"1560\" >business rates<\/a> changes \u2013 a new \u2018permanent\u2019 lower rate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These rates will be 5p lower than the national multipliers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">small business RHL multiplier: 38.2p in 2026-27<\/li>\n\n\n\n<li class=\"wp-block-list-item\">standard RHL multiplier: 43p in 2026-27<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">RHL business losing relief will also benefit from an expanded supporting small business scheme, which will apply from 1 April 2026 and last for three years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For other businesses, a new transitional relief package has been introduced to protect businesses from high bill increases.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can <a href=\"https:\/\/www.gov.uk\/calculate-your-business-rates\" target=\"_blank\" rel=\"noreferrer noopener\" rel=\"noopener noreferrer\" target=\"_blank\">estimate your business rates<\/a> using the government\u2019s online calculator. There are different rates for businesses with premises in Scotland and Northern Ireland.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"paye\"><strong>7. Dual PAYE and self-employed income payments<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Those with income from both pay as you earn (PAYE) and self-employed means should expect a further update on how they report tax through Self Assessment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government is currently consulting on how to encourage more timely payments, aimed at paying income tax the same year it was earned.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While a consultation will be published in early 2026, any changes won\u2019t be implemented until April 2029.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-uk-tax-changes-to-look-out-for\"><strong>Other UK tax changes to look out for<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\">investing in real-time digital prompts within VAT filing software from April 2027, and corporation tax filing software from April 2028<\/li>\n\n\n\n<li class=\"wp-block-list-item\">the plastic packaging tax rate for 2026-27 will increase in line with inflation to incentivise businesses to use recycled plastic rather than new plastic<\/li>\n\n\n\n<li class=\"wp-block-list-item\">fuel duty will be frozen at its current rate until September 2026<\/li>\n\n\n\n<li class=\"wp-block-list-item\">\u00a0a new mileage charge for people driving electric vehicles from April 2028<\/li>\n\n\n\n<li class=\"wp-block-list-item\">pre-packaged milk-based drinks with added sugar will be included in the soft drink industry levy from 1 January 2028<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Please use this article as a guide and get professional tax advice on self-employed tax brackets if you\u2019re not sure about anything.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-small-business-guides-and-resources\">Small business guides and resources<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"wp-block-list-item\"><a href=\"\/knowledge\/business-tax\/self-employed-tax-changes\/\" data-type=\"knowledge\" data-id=\"1514\">How to do your Self Assessment tax return<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/self-assessment\/hmrc-time-to-pay\/\" data-type=\"knowledge\" data-id=\"1403\">What is HMRC\u2019s Time to Pay service?<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/crypto-tax-rules\/\" data-type=\"knowledge\" data-id=\"1373\">Do you have to pay tax on cryptocurrency?<\/a><\/li>\n\n\n\n<li class=\"wp-block-list-item\"><a href=\"https:\/\/www.simplybusiness.co.uk\/business-insurance\/faq\/what-type-of-business-insurance-do-i-need\/\" data-type=\"page\" data-id=\"372\" >What type of business insurance do I need?<\/a><\/li>\n<\/ul>\n\n\n\n<div id=\"nba-upsell-001\" class=\"wp-block-group has-azure-200-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-94e519ba wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--80);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--80);padding-left:var(--wp--preset--spacing--40)\">\n<h3 class=\"wp-block-heading has-text-align-center\">Ready to set up your cover?<\/h3>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">As one of the UK&#8217;s biggest <a href=\"\/business-insurance\/\" data-type=\"page\" data-id=\"5152\">business insurance<\/a> providers, we specialise in <a href=\"\/business-insurance\/public-liability-insurance\/\" data-type=\"page\" data-id=\"734\" >public liability insurance<\/a> and protect more trades than anybody else. Why not take a look now and build a quick, tailored quote?<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/quote.simplybusiness.co.uk\/business\">Start your quote<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Photograph: Andrey Popov\/stock.adobe.com<\/em><\/p>\n\n\n\n<div id=\"nba-body-end\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Don&#8217;t miss these important small business tax changes for 2026.<\/p>\n","protected":false},"author":3,"featured_media":3327,"comment_status":"open","ping_status":"closed","template":"","meta":{"sb_hreflang":"","sb_hreflang_url":"","disable_breadcrumbs":false,"sb_breadcrumbs":[],"sb_reviewed_by":"","sb_review_date":"","sb_enable_content_gating":false,"footnotes":""},"categories":[344,348],"hidden-category":[],"coauthors":[25],"class_list":["post-1514","knowledge","type-knowledge","status-publish","has-post-thumbnail","hentry","category-business-tax","category-self-assessment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Small business tax changes \u2013 update for 2026<\/title>\n<meta name=\"description\" content=\"From self-employed tax rates and thresholds to income tax and wage rises, here are seven business tax changes you need to know about.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/self-employed-tax-changes\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 business tax changes for 2026\" \/>\n<meta property=\"og:description\" content=\"A guide to tax changes the self-employed and small businesses need to know for the new tax year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/self-employed-tax-changes\/\" \/>\n<meta property=\"og:site_name\" content=\"Simply Business UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/simplybusiness\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-31T15:12:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.simplybusiness.co.uk\/wp-content\/uploads\/sites\/3\/2024\/06\/self-employed-tax-changes.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Small business tax changes: new thresholds, rates, and allowances\" \/>\n<meta name=\"twitter:site\" content=\"@simplybusiness\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data2\" content=\"Catriona Fuller\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/self-employed-tax-changes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.simplybusiness.co.uk\/knowledge\/business-tax\/self-employed-tax-changes\/\"},\"author\":{\"@type\":\"Person\",\"name\":\"Catriona Fuller\",\"description\":\"Catriona Fuller is a content and marketing professional with 12 years\u2019 experience across the financial services, higher education, and insurance sectors. 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