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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) which are set by the government, have not increase since 2011. Motoring costs have increased by 40% since 2011 so why haven't the government increased the 45p per mile rate?

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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