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HMRC has announced changes to the approved mileage allowance payment (MAP), which can be backdated to the start of the 2026-27 tax year. Rates have: Increased to 55p per mile for first 10,000 miles Remained at 25p per mile after 10,000 miles   The NI contributions disregard for Relevant Motoring Expenses have also increased to…

Many charities are required to file a tax return. Some are required to do so because their non-primary purpose trading income exceeds the small trading exemption limits, whilst others may receive a notice to file from HMRC. In either case, where a registered charity or Community Amateur Sports Club (CASC) submits a corporation tax return,…

For over 10 years now, many Government contracts (where valued over £12k) are advertised via a bespoke online portal: https://www.gov.uk/contracts-finder   From a quick search today, there are nearly 700 opportunities on there, ranging in value, in sectors as diverse as from taxi driving to construction.   As well as performing one-off searches, rather helpfully,…

This is a reminder that the new £30 million Farmer Collaboration Fund opens on 1st September 2026, so it’s time to get those applications sorted ready to apply.   If you are considering submitting an application, please read the official rules and criteria before doing so: https://www.gov.uk/government/publications/farmer-collaboration-fund/farmer-collaboration-fund-applicants-guide   Please note that applications close on 30th…

HMRC Opens MTD for IT Exemption Application Window for Those Joining MTD for IT in 2027   HMRC has opened the application process for taxpayers who may qualify for an exemption from Making Tax Digital for Income Tax (MTD for IT) and who are due to join the regime from 6 April 2027. This applies…

Although the colour of the rosette has not changed, the views of those now leading the Government appear to have shifted. As a result, there is growing speculation that the announcements within the Autumn 2026 Budget (28-Oct-26) could contain further significant tax reforms, adding to changes already announced for next April (inclusion of pensions within…

HMRC have announced changes to the rules on which trusts are required to register on the Trust Registration Service (TRS). Low-value trusts From 30 June 2026, a new general exemption from the TRS is available for certain low-value trusts.   A trust may qualify under this new exemption if it: Does not hold any UK…

What would happen if your newest employee confidently quoted statistics they couldn’t source, misunderstood a tax rule and always agreed with your ideas? Most business owners would probably treat their work with a degree of caution. Yet that’s often how people use Artificial Intelligence. AI has quickly become part of everyday business life. Whether drafting…

The Department for Education has confirmed the updates to student loan interests for the 2027/28 tax year.   The major change sees an increase in the threshold from £26,900 to £28,005 for Plan 1 (loans taken out between 1998 & 2012) borrowers before they start making repayments. Interest rates on the loans are based against…

For many years, pensions have enjoyed a unique advantage in estate planning. Savings, investments and property would normally be included in an individual’s estate for Inheritance Tax (IHT) purposes. Unused pension funds could often pass to beneficiaries outside the scope of IHT. As a result, many people preserved their pension wealth for as long as…