Business mileage allowance has increased to 55p per mile for the first 10k miles - The increased rate is also being backdated to 6 April 2026. #UK#Mileage#Tax#Allowance
Eventful day at #Accountex yesterday filled with CPD lectures, freebies, plus a lovely catch up with fellow AAT and MAC members. @YourAAT#TaxTwitter#London
AI is making expenses fraud easier - manual controls no match to artificial intelligence when it comes to innovative expenses fraud and completely fake receipts, warns Michael Sherry @webexpenses https://t.co/tX7S4RIWmP via @accountancylive
178k people didn't receive #tax#rebates last year because they never cashed the cheques HMRC sent them -worth £144m in total and averaging about £800 per taxpayer. #HMRC still issues cheques when people don't respond to rebate letters within 21 days. #UK https://t.co/ZtwcjMpemj
Highest ever tax take at £939bn in single year in 2025-26 - tax receipts up nearly 10% as hike in employer NICs reaps huge benefits for Treasury, capital gains tax explodes, and record amount of VAT collected - highest tax burden in 70 years https://t.co/EETkXgizjJ
Total gross #HMRC tax and NICs receipts for April 2025 to Jan 2026 equalled £784.9 billion. This was £65.6 billion higher than the same period last year. Income Tax, CGT & NICs Total were £460.7bn (up £52.0bn year-on-year). https://t.co/LJ20aX1Aqg #Tax#UK#TaxTwitter
HMRC slaps 582k taxpayers with fines for late VAT payments - Equivalent of one in four traders registered for VAT fined £302m in late penalties last year for missing HMRC quarterly payment deadlines https://t.co/xmzVTEzUgM via @accountancylive
2.2m pensioners will pay tax on winter fuel payments - highly contentious decision on eligibility for winter fuel payments means over two million pensioners with income over £35,000 will have to refund full £200 amount via tax system https://t.co/SVrshutAxt @accountancylive
Business tax changes from 1 April 2026 - penalties for late filing of corp tax returns double, end of free HMRC software, cut in capital allowance rates, PAYE liability for recruitment agencies, hike in economic crime levy, road tax up https://t.co/5hHDywKgSA @accountancylive
Some state pensioners will receive updated PAYE tax codes. This is to recover winter fuel payments from those whose total income exceeded £35,000 in the 25-26 tax year. They will be notified by letter or via the HMRC app. #WFA#WinterFuelAllowance#UK#Tax https://t.co/Bxvwc7VDbI
Corporation tax late filing penalties to double from 1 April 2026. The initial late filing penalty will be £200; returns submitted more than 3 months late will be £400. Where there are 3 successive failures the penalties are increasing to £1,000 and £2,000 respectively.
Businesses given £3k grant to hire young people -To combat rising youth unemployment, government to give employers £3,000 grants to encourage job creation for youngsters, part of a £1bn package
https://t.co/NbvLn48ac7 via @accountancylive
Non-residents of the #UK have until 5 April 2026 to make Class 2 voluntary #NI contributions to fill in gaps in their NI record for their #StatePension entitlement.