The Government has announced a 10p increase in mileage rates for the whole of the 2026/27 tax year. The mileage rate for cars and vans is now 55p per mile for the first 10,000 business miles in the tax year for 2026/27.
NS&I have published a delivery plan confirming how they will repay money to bereaved families impacted by account tracing issues. The plan also confirms that no additional tax will be due by affected estates.
HMRC have changed the way that forward interest is calculated on payment arrangements made as part of a contract settlement. The changes should be beneficial for taxpayers, including those with loan charge issues.
HMRC have been helping affected taxpayers find information about their overlap relief position which they need to finalise their 2023/24 tax return under the new basis period reform rules. The online G-form which can be completed to ask for this help is closing and will not be available from 1 June ...
HMRC are seeing an increasing number of businesses and agents submitting late VAT returns where the statutory due date falls on a weekend or bank holiday. It appears taxpayers and agents may be relying on incorrect information appearing on third-party websites and AI tools. The deadline to submit a ...
Long-awaited and much-needed new guidance has been issued, exploring how Personal Assistant employment status works in the context of care and support, whether self-funded or through the use of Direct Payments.