Approved mileage rate increased for first time in 15 years
22/05/2026 | 4 mins.
The headline authorised mileage rate for approved mileage allowance payments (AMAPs) has increased to 55p per business mile from the 6th of April 2026. This is part of a government package of measures intended to address rising fuel prices.
HMRC warns taxpayers against using Bills of Exchange
22/05/2026 | 2 mins.
HMRC does not accept Bills of Exchange as payment of tax liabilities. Taxpayers who enter into arrangements that attempt to use Bills of Exchange in this way could face additional interest and penalties.
Mid-tier firms focused on AI and consolidation
22/05/2026 | 7 mins.
The impact of technology on the workforce and continued consolidation are the key factors shaping the future of mid-tier accountancy firms in the UK, confirms ICAEW research.
Give your views on the single trade window
21/05/2026 | 1 mins.
Stakeholders have until 3 June 2026 to provide feedback to help inform the next stage of HMRC’s work on the development of the UK’s single trade window.
HMRC reminds businesses to register for VAT
21/05/2026 | 3 mins.
Businesses that receive a letter from HMRC telling them they need to register for VAT should check their position carefully and register without delay if necessary.