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Taxation (Energy and Vehicles) Act 2026

This bill raises taxes on energy companies' windfall profits, increases mileage allowances for workers and self-employed people, and temporarily cuts vehicle tax for heavy goods vehicles.

A Bill to Increase the rate of electricity generator levy and mileage amounts relating to income tax and to provide for temporary rates of vehicle excise duty for goods vehicles.

Status: Act of Parliament

Current House: Unassigned

Stage: Royal Assent

Sponsored by: Rachel Reeves, Lord Livermore

Introduced: 2026-06-24

Royal Assent: 2026-07-15