Tips & Guides

For the first time in 15 years, HMRC has increased its Approved Mileage Allowance Payment (AMAP) rate for employees and business owners using their own vehicles for business travel. The change, announced by the Chancellor, Rachel Reeves, means that many businesses, employees and self-employed individuals will be able to claim more tax-free mileage expenses from the 2026/27 tax year onwards. In this article, we explain what has changed, who is affected, and how much additional

Electric vehicles are becoming increasingly common in UK businesses, but the rules around mileage claims can still cause confusion. The main issue is that HMRC uses different mileage systems depending on whether the vehicle is a company car or a privately owned vehicle. The rules also differ slightly for electric, hybrid, petrol and diesel vehicles. In this guide, we explain: The difference between HMRC mileage schemes Which rates apply to electric and hybrid vehicl

This guide walks you through what being a sole trader actually means, its genuine advantages, its real drawbacks, and some important recent changes to tax rules that every sole trader needs to be aware of in 2026 and beyond.

Any unusual activity in your tax records could flag your business for a compliance check. HMRC's Central Risk team uses sophisticated data mining tools to detect irregular patterns on accounts and spot trends across industries.

Managing your company’s tax obligations is rarely anyone’s favourite task. But understanding which costs you can legitimately claim as expenses is one of the most effective ways to reduce how much Corporation Tax you pay — and it does not require complex planning. The key is knowing which expenses HMRC will accept, and keeping clear records to back them up.

As a sole trader, you wear many hats — business owner, marketer, customer service and bookkeeper. But accounting is a specialist skill, and mistakes can be costly. Professional accounting services tailored to sole traders help you stay organised, compliant and financially confident.

Closing a limited company is a significant decision that requires careful planning and strict compliance with legal requirements. In this article, we take you through the complete process, one step at a time.

Running a café in the UK means juggling more than just great coffee and customer service. Understanding VAT regulations is essential, but the rules can seem contradictory at first glance.

If you've recently bought a property to rent out, you might be wondering what costs you can claim before your first tenant moves in.