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Making Tax Digital
From April 2026 all self-employed individuals with annual income of over £50,000 will be required to submit quarterly submissions of income and expenditure to HMRC via third party software. This includes those working under CIS.
AMAP Rates
The Approved Mileage Allowance Payments (AMAP) rate which is set by the government, has finally been increased from 45p per mile to 55p per mile, the first increase since 2011.
Holiday closure
We will be closed for our annual holiday break from 13th July 2026 returning to the office on Monday 27th July 2026.
Penalties if you miss the tax return deadline
File your tax return with HMRC by 31 January or face a penalty of £100 which increases by £10 a day after 3 months up to a maximum of £1600 if left for a whole year.
More news coming soon
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