11 Autumn Budget | 26 November 2025 Youth jobs guarantee scheme The government will guarantee a six-month paid work placement for every eligible 18-21 year old who has been on UC and looking for work for 18 months. This will cover 100% of employment costs for 25 hours a week at the relevant minimum wage, and additional wraparound support. Business taxes Corporation tax rates Corporation tax rates remain unchanged at 25% main rate and 19% small profits rate from 1 April 2026. Capital allowances The main rate writing down allowance will decrease by four percentage points to 14% from April 2026. However, there will be a new 40% first-year allowance for main rate assets. Cars, second-hand assets and assets for leasing abroad will not qualify. The 100% annual investment allowance will remain. Tax advantaged investment incentives The company eligibility limits for the enterprise management incentives scheme (EMI) are being increased from April 2026 to enable companies scaling up, as well as start-ups, to offer tax-advantaged shares. The employee limit will be 500, the gross assets limit will be £120 million. The maximum holding period will be 15 years. The EMI notification requirement will be removed from April 2027. Tip Don’t ignore UC. The income ceiling for UC now stretches well beyond £70,000 for some couples. UC – even of just 1p a month – can unlock other benefits so you should check your eligibility.
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