Legislation – Finance Act 2026
Part 1
Income tax, capital gains tax and corporate taxes
1 Income tax charge for tax year 2026-27
2 Main rates of income tax for tax year 2026-27
3 Default and savings rates of income tax for tax year 2026-27
4 Increase in dividend ordinary and upper rates
5 Savings rates of income tax for tax year 2027-28
6 New rates of income tax on property income
7 Property rates of income tax for tax year 2027-28
8 Scottish and Welsh property rates set by Scottish Parliament and Senedd
9 Freezing starting rate limit for savings for tax years 2026-27 to 2030-31
10 Basic rate limit and personal allowance for tax years 2028-29 to 2030-31
11 Charge and main rate for financial year 2027
12 Standard small profits rate and fraction for financial year 2027
13 Enterprise management incentives: thresholds and period for exercise
14 Enterprise investment scheme: increase in amounts and asset requirements
15 Venture capital trusts: rate of relief and amounts and asset requirements
16 CSOP schemes and EMI: PISCES shares
17 Employee car and van ownership schemes
18 Car or van made available on arm’s length terms
19 CO emissions figure for certain cars with an electric range figure
20 Employment income: miscellaneous exemptions
21 Disallowing deduction from earnings for additional household expenses
22 Payment for cancelled shifts etc.
23 Location of duties of employment where duties not performed
25 Loan charge settlement scheme
26 Loan charge settlement scheme: inheritance tax
27 Loan charge settlement scheme: supplementary
28 Main rate of writing-down allowances for expenditure on plant or machinery
29 First-year allowance for main rate expenditure on plant or machinery
30 Expenditure on zero-emission cars and electric vehicle charging points
31 Payments for surrender of expenditure credits
32 Transition from video games tax relief
33 Special credit for visual effects
34 R&D undertaken abroad: Chapter 2 relief only
35 Restriction of relief on disposals to employee-ownership trusts
36 Anti-avoidance: collective investment scheme reconstructions
37 Anti-avoidance: company reconstructions
38 Anti-avoidance: reconstructions involving transfer of business
39 Incorporation relief: requirement to claim
40 Non-residents: cell companies
41 Non-residents: double taxation relief relating to collective investment vehicles
42 Abolition of notional tax credit on distributions received by non-UK residents
43 Non-resident, and previously non-domiciled individuals
44 Trust protections etc: minor amendments and transitional protection
45 PAYE for treaty non-residents etc.
46 Unassessed transfer pricing profits
48 International controlled transactions
51 Controlled foreign companies: interest on reversal of state aid recovery
53 Offshore income gains: savings
54 Legacies to charities to be within scope of tax
55 Approved charitable investments: purpose test
56 Tainted charity donations: replacement of purpose test with outcome test
59 Pensions: abolition of the lifetime allowance charge
60 Collective money purchase schemes and Master Trust schemes
61 Corporate interest restriction: reporting companies
62 Corporate interest restriction: capital expenditure and tax-EBITDA calculation
63 Avoidance schemes involving certain non-derecognition liabilities
64 Energy (oil and gas) profits levy: decommissioning relief agreements
Part 2
Inheritance tax
65 Agricultural property relief and business property relief etc
66 Tax to be charged on certain pension interests
67 Liability for tax on pension interests
68 Withholding of benefits and payment of tax by pension scheme administrator
69 Connected amendments to IHTA 1984
70 Connected amendments to income tax rules
72 Rate bands etc for tax year 2030-31
73 Relevant property: disapplication of exemptions from exit charges
74 Relevant property: cap on charges for pre-30 October 2024 excluded property
75 Foreign diplomats etc: periods of UK residence to be disregarded
77 Power to make provision about infected blood compensation payments
78 Scope of exemption for gifts to charities and registered clubs
79 Section 78: transitional protection for existing interests in possession
Part 3
Other existing taxes
80 Zero-rating of leases of vehicles to recipients of disability benefits
81 Insurance premium tax relief limited to adapted vehicles
82 Private hire vehicles or taxis
83 Certain charitable donations not to be treated as supplies of goods
84 Refunds of VAT to combined county authorities
87 General betting duty on remote bets
90 Rates of duty effective from 6pm on 26 November 2025
91 Rates of duty effective from 1 October 2026
92 Vehicle excise duty for light passenger or light goods vehicles etc
93 Vehicle excise duty for rigid goods vehicles without trailers and tractive units
94 Vehicle excise duty for rigid goods vehicles with trailers
95 Vehicle excise duty for vehicles with exceptional loads etc
96 Vehicle excise duty for haulage vehicles other than showman’s vehicles
97 Vehicle excise duty: expensive car supplement
98 Rates of HGV road user levy
99 Rates of air passenger duty
100 Rates of climate change levy
103 Aggregates levy: amendments relating to disapplication of levy to Scotland
104 Rate of plastic packaging tax
105 Chemical recycling: mass balance approach
107 Sections 105 and 106: commencement
109 Amendment of customs tariff power
110 Dumping and subsidisation investigations
111 Safeguarding investigations
112 Customs facilities at approved wharves and other places
113 Increases to rates of levy
114 Removal of time limit to claim relief under section 106(3) of FA 2013
Part 4
Vaping products duty
117 Production of vaping products
118 Excise duty point and payment
120 Stamping of vaping products
121 Issue and management of duty stamps
123 United Kingdom representatives
125 Dealing in unstamped vaping products
126 Loss and misuse of duty stamps
127 Failure to comply with this Part etc
128 Forfeiture: civil penalties
130 Dealing in unstamped vaping products
131 Sales ban following conviction for unlawful use of premises
134 Publication of information
136 Investigation and enforcement
137 Regulations: further provision
139 Amendments of other enactments
141 Commencement and transitional provision
Part 5
Carbon border adjustment mechanism
145 Goods processed under a special customs procedure
146 Person liable: the importer
151 Administration and enforcement
156 Power to make provision for linked emissions trading schemes
158 Commencement and transitory provision
Part 6
Avoidance
Chapter 1 Prohibition of promotion of certain tax avoidance arrangements
159 Prohibition of promotion of certain tax avoidance arrangements
164 Criminal liability of responsible persons
165 Interpretation and commencement
Chapter 2 Promoter action notices
166 Certification of promoters
169 Disclosure of information by HMRC
170 Appeal against a decision to issue a promoter action notice
173 Reporting to regulators etc
Chapter 3 Anti-avoidance information notices
179 Information notices: connected persons
180 Information notices: third parties
181 Information notices: unidentified connected persons
182 Information notices: identification
183 Information notices: financial institutions
Content, requirements and withdrawal of notices
184 Content and requirements of notices
185 Restriction on disclosure of notices
187 Tribunal approval of notices
189 Offence of failing to comply with a notice
190 Offence of concealing information
191 Criminal liability of responsible persons
192 Criminal liability of responsible persons: no prosecution of recipient
194 Penalty for failing to comply with a notice
195 Penalty for concealing information
196 Penalty for inaccurate information
197 Penalty for disclosing a notice
198 Penalty based on monies received
199 Increased daily default penalty
203 Assessment etc of penalties: application of Schedule 36 to FA 2008
Miscellaneous and interpretation
207 Application of provisions of TMA 1970
209 Declaration in relation to privileged material
210 Penalties for an incorrect declaration
211 Penalties: procedure, appeals etc
212 Publication following an incorrect declaration
213 Time limits for publication
214 Amendments to existing legislation: removal of privilege exemption
Disclosure of tax avoidance schemes: consequences for failure to comply
216 Penalties for non-disclosure of tax avoidance schemes
217 Removal of time limits on publication by HMRC
Construction industry scheme: amendments
220 Construction industry scheme: amendments
221 Construction industry scheme regulations: amendments
Part 7
Tax advisers
Prohibition against unregistered tax advisers interacting with HMRC
223 Prohibition against unregistered tax advisers interacting with HMRC
224 Meaning of “tax adviser” and “client”
225 Application for registration
226 Meaning of “relevant individual” and “officer”
228 Registration conditions: interpretation
229 Registration conditions: offences
230 Registration of tax advisers etc
Monitoring of registration conditions and suspension of registration
231 Monitoring of registration conditions
232 Suspension of registration
234 Financial penalties for prohibited interaction with HMRC
235 Financial penalties for prohibited interaction with HMRC: liability of relevant individuals
236 Tax advisers: ineligibility orders
237 Relevant individuals: ineligibility orders
Requirement for tax adviser to notify clients of suspension or ineligibility orders
238 Requirement for tax adviser to notify clients of suspension or ineligibility orders
Extension of period for making representations
240 Extension of period for making representations
Assessment of financial penalties etc
241 Assessment of financial penalties
242 Time limits and treatment of financial penalties
246 Power to publish information
Power to amend Schedule 20 (exceptions)
247 Power to amend Schedule 20 (exceptions)
Power to publish information about tax advisers etc
251 Power to publish information
252 Power to publish information: change of circumstances
253 Power to publish information: interpretation and commencement
Part 8
Miscellaneous and final
254 Fiscal mandate assessments prepared by the Office for Budget Responsibility
256 Persons on whom digital reporting requirements may be imposed
257 Exemptions from digital reporting requirements
258 Returns to be delivered by electronic communications etc.
259 Penalties: amendments consequential on section 258 etc
260 Powers relating to electronic communications: directions
261 Power to require digital contact details
262 Penalty points and late submission penalties (power to cancel etc)
263 Assessments of late payment penalties etc.
264 Penalties for failure to pay tax due on further appeal
265 Failure to deliver company tax returns
275 Cryptoasset reporting: users and controlling persons resident in the UK
276 International cryptoasset reporting framework: connected matters
277 Stamp duty: piloting of digital service etc
278 Oversight of HMRC tax enforcement functions in Northern Ireland
279 Repeal of obsolete provision in FA 1925 concerning Dominion Governments
280 Repeal of other obsolete provisions and correction of wrong cross-references
SCHEDULES
Schedule 1 Property and savings rates of income tax: consequential amendments
Schedule 2 Scottish and Welsh property income rates
Schedule 3 Non-resident, and previously non-domiciled individuals
Schedule 4 PAYE for treaty non-residents etc
Schedule 5 Unassessed transfer pricing profits
Schedule 7 Permanent establishments
Schedule 9 Tainted charity donations
Schedule 10 Winter fuel payment charge
Schedule 11 Tax treatment of carried interest
Schedule 12 Reform of reliefs for business property and agricultural property
Schedule 13 Abolition of bingo duty: consequential and transitional provision
Schedule 14 Aggregates levy: amendments relating to disapplication of levy to Scotland
Schedule 15 Vaping products duty: amendments of other enactments
Schedule 17 Administration of CBAM
Schedule 18 Offences relating to CBAM
Schedule 19 Supplementary amendments relating to CBAM
Schedule 20 Registration of tax advisers: exceptions
Schedule 21 Registration of tax advisers: reviews and appeals
Which version?
Latest available (Revised)
Original (As enacted)
Part 7Tax advisers
Chapter 1Registration
Extension of period for making representations
240Extension of period for making representations
Where a provision of this Chapter requires an authorised officer of Revenue and Customs to allow a specified period of time for a person to make representations, the officer may, by notice to the person, extend that period.