Fuel Duty remains the same. Fuel purchases are low at the moment so it would have been a good opportunity to raise this without drivers noticing too much. However the haulage industry has been hard hit by Covid and a raise in fuel costs would be a harsh blow. So duty increases have been postponed again.
No changes to company car tax other than small inflationary increases to the fuel benefit multiplier and van benefit. These are reflected in our data and calculators.
Income tax rates and thresholds have been frozen to April 2026 so we will be able to build these into our tax forecast tools.
The increase in Corporation tax for larger companies from 19% to 25% from April 2023 will be reflected in our Capital Allowances tools.