Short answer: the 2026 Autumn Budget will be announced on Wednesday 28 October. It will be presented by John Healey, the new Chancellor of the Exchequer. Until we know the details, it is worth getting your income for the current tax year in order and reviewing any planned dividend payments and major business purchases - some decisions are easier to make before the rules change than after.
Why this Budget is exceptional
This is the new Chancellor's first Budget. The date was announced at the end of July and is about four weeks earlier than last year. Alongside the Budget, the Office for Budget Responsibility will publish a new economic forecast. The backdrop is not easy: inflation rose to 3.1% in August, and in September the Bank of England held interest rates at 3.75%, warning that it may raise them.
In this situation the government is looking for revenue, which usually means changes to taxes. At this stage it is not known which taxes will be affected. So rather than guessing, it is better to prepare for several scenarios.
What to do before 28 October
- Calculate your income for 2026/27. The UK tax year runs from 6 April to 5 April. If you know how much you have earned so far, it is easier to assess the impact of any changes.
- Review your payment plan from your LTD company. If you are planning a dividend, talk to your accountant about the timing. Changes to rates usually apply from the start of a new tax year, but not always.
- Gather your invoices and receipts. Business expenses reduce your tax regardless of what the Budget brings - provided you have them documented.
- Do not make hasty decisions. Selling a property, closing a business or buying a large piece of equipment because of Budget rumours may not pay off.
Who the changes may affect most
Budgets most often change income tax thresholds, National Insurance contributions, tax on dividends and capital gains, and the rules for landlords. For Poles in the UK, this mainly means three groups: self-employed people, owners of LTD companies who pay themselves dividends, and people who rent out property.
After the Budget is announced, we will describe the most important changes in Polish - with examples of who they affect and from when.
Other dates in autumn 2026
- 5 November - the next Bank of England decision on interest rates.
- 7 November - deadline for the quarterly Making Tax Digital report for the self-employed and landlords with income above £50,000.
- 17 November - end of the transitional period for director identity verification at Companies House.
- 31 January 2027 - Self Assessment tax return for 2025/26 and payment of tax.
How we can help
Global Tax Partners handles tax and accounting for Poles in the United Kingdom in Polish and fully remotely: self-employed and Self Assessment, LTD company accounting, company formation and matters at the intersection of the UK and Poland. The first conversation is free of charge.
Call: +44 204 577 3027 or +48 505 684 412, or leave a message via the form - we will call you back.
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