12 Autumn Budget | 26 November 2025 Companies will be able to update their existing EMI and company share option plan (CSOP) contracts to enable employees to exercise their options at a private intermittent securities and capital exchange system (PISCES) trading event and retain the tax advantages. Business rates New permanently lower business rates multipliers for retail, hospitality and leisure (RHL) properties are being set at 5p below their national equivalents. This will make the small business RHL multiplier 38.2p and the standard RHL multiplier 43p. To fund these reductions, the multiplier for properties with rateable values of £500,000 and above will be 2.8p above the national standard multiplier, making it 50.8p in 2026/27. Where businesses’ rates bills increase, there will be a three-year transitional relief scheme for the largest businesses including airports and hospitality, and a supporting small business scheme to help the smallest businesses. The supporting small business scheme will also be expanded to businesses that are losing their RHL relief. A 1p transitional relief supplement will be introduced for ratepayers who do not receive transitional relief or the supporting small business scheme. This will apply for one year from 1 April 2026. Landfill tax From April 2026 the standard rate will be £130.75 a tonne and the lower rate will be £8.65 a tonne. The gap between the two rates of landfill tax will be frozen. Gambling duties Remote gaming duty will increase from 21% to 40% from April 2026. A new remote betting rate at 25% within general betting duty will be introduced from April 2027. Duty on remote horse racing bets will remain at 15%. Bingo duty will be abolished from April 2026. Saver Don't forget that a new 40% first-year allowance for plant and machinery will be introduced from 1 January 2026.
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