The UK Government has announced that the tax-free mileage rate above 10,000 business miles a year in a privately owned car or van rises from 25p to 35p per mile from 6 April 2027, with the 55p rate for the first 10,000 miles made permanent.
The United Kingdom Budget delivered on 28 October 2026 raises tax on savings and property income to 24%, 44% and 49% from 6 April 2027, halves Business Asset Disposal Relief to 500,000 pounds, and raises the trading allowance to 3,000 pounds.
· 4 min read
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