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Taxation (Energy and Vehicles) Act 2026
Taxation (Energy and Vehicles) Act 2026 has received Royal Assent on 15 Jul 2026 and is retained here for reference.
Current position
- Latest completed stage
- Royal Assent15 Jul 2026
- Current stage
- Royal Assent
- House
- Unassigned
- Bill type
- Government Bill
- Last updated
- 19 Aug 2026
- Proposer / sponsor
- Rachel Reeves Proposer / sponsor · Labour · House of Commons
What this bill is about
The Taxation (Energy and Vehicles) Bill would change several tax and tax-related rates, including the electricity generator levy and the mileage amounts used for income tax. It would increase the electricity generator levy rate from 45% to 55% for qualifying periods starting on or after 1 July 2026, with a special “straddling period” calculation for periods that cross that date. It would also raise the income-tax mileage amounts from 45p to 55p. The bill would set temporary vehicle excise duty (VED) rates for certain goods vehicles for licences taken out between 1 July 2026 and 30 June 2027.
What it would do
- Increase the electricity generator levy rate in Finance (No. 2) Act 2023 from 45% to 55% for qualifying periods starting on or after 1 July 2026.
- For levy periods that cross 1 July 2026, apply 45% to time before that date and 55% to time on or after that date.
- Change mileage allowances used for income tax from 45p to 55p, effective for 2026-27 and later tax years.
- Introduce temporary vehicle excise duty rates for certain goods vehicles for licences taken out from 1 July 2026 to 30 June 2027.
Bill journey
Matched Commons vote groups are shown inside the relevant stage where the stored dates allow a match.
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1st reading 24 Jun 2026 · House of Commons
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2nd reading 1 Jul 2026 · House of Commons
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3rd reading 1 Jul 2026 · House of Commons
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Committee of the whole House 1 Jul 2026 · House of Commons
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1st reading 2 Jul 2026 · House of Lords
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2nd reading 14 Jul 2026 · House of Lords
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3rd reading 14 Jul 2026 · House of Lords
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Committee stage 14 Jul 2026 · House of Lords
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Report stage 14 Jul 2026 · House of Lords
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Royal Assent 15 Jul 2026 · Unassigned
Related daily summaries
Published daily summaries where this bill appears in the day’s parliamentary or government business.