business taxation Archives - Whitefield Tax - Isle of Wight Accountants

Backdated change to HMRC Authorised Mileage Rates

by Jessica Garbett | May 28, 2026 | business taxation

For many years HMRCs Authorised Mileage Rates for using your own car or van for business, or for simplified expenses instead of claiming apportioned actual costs, ave been frozen at: Up to 10,000 miles a year – 45p per mile Over 10,000 miles a year – 25p...

Company car arrangements

by Jessica Garbett | May 14, 2026 | ACCA, business taxation, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA How ECOS schemes differ from others Employee car ownership schemes (ECOS) are often positioned as a tax-efficient alternative to traditional...

Suspending penalties for careless inaccuracies

by Jessica Garbett | May 12, 2026 | ACCA, business taxation, enquiries and tax disputes, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Ten things you need to know HMRC has the power to suspend penalties arising from careless inaccuracies in tax returns or other documents...

Exemptions from Making Tax Digital for Income Tax

by Jessica Garbett | May 7, 2026 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Understanding which exemptions need to be applied for It is worth knowing who can qualify for an exemption, how to apply, and the...

Tax year end and upcoming tax changes

by Jessica Garbett | May 5, 2026 | ACCA, budget, business issues, business taxation, capital taxation, personal taxatation, property taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A reminder of key changes as announced in the last two Budgets As the end of the 2025/26 tax year approaches, individuals and businesses...

MTD for Income Tax – late filing and record-keeping penalties

by Jessica Garbett | Apr 17, 2026 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A summary of penalties as the digital framework evolves The UK tax system is gradually moving towards a more digital framework through Making...

« Older Entries

Backdated change to HMRC Authorised Mileage Rates

Company car arrangements

Suspending penalties for careless inaccuracies

Exemptions from Making Tax Digital for Income Tax

Tax year end and upcoming tax changes

MTD for Income Tax – late filing and record-keeping penalties

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