News
HMRC mileage rate increased to 55p
The headline approved mileage rate has increased to 55p per business mile for the first 10,000 miles, with effect from 6 April 2026. For each business mile over 10,000 miles,…
Latest guidance for employers
HMRC has published the latest issue of the Employer Bulletin. The June issue has information on various topics, including: PAYE Settlement Agreement (PSA) – agreements and a mailbox closure. Update…
Record number of taxpayers file self assessment in April
A record 737,891 taxpayers filed their 2025/26 self assessment returns in April, according to figures from HMRC. The tax authority said that 86,270 taxpayers submitted their return on the first…
ICAEW encourages taxpayers to sign up to Making Tax Digital
Taxpayers who are required to use Making Tax Digital (MTD) for Income Tax from April 2026 should sign up now if they haven’t done so already, says the Institute of…
Late payment legislation is ‘historic’ moment
The UK government’s formal commitment to legislation to stamp out late payments is an historic moment, according to the Federation of Small Businesses (FSB). The FSB says small firms have…
Summer savings for children launched
Families travelling this summer will benefit from free bus travel for children as part of the government’s efforts to help with the cost of living. The government is committing more…
