Month: March 2025

Making Tax Digital (MTD) For Income Tax Update

Written by Tony Shackleford on March 26, 2025.

The chancellor has today announced updated timings for the implementation of MTD for income tax. MTD for income tax applies to self employed and those in receipt of rental income. The details below...

Making Tax digital, MTD, MTD for Income Tax

HMRC mileage rate

Written by Tony Shackleford on March 24, 2025.

The HMRC approved mileage rate, for claiming business miles when driving own car, is 45p per mile for the first 10,000 miles. This rate has remained unchanged since April 2011. If it had been...

Fixed profit car scheme, HMRC mileage

Filing of Company Accounts and Corporation Tax Returns

Written by Tony Shackleford on March 10, 2025.

The Government has announced that the free software provided by Companies House and HMRC to file annual accounts (at Companies House) and Corporation Tax returns (at HMRC) will be withdrawn from...

Companies House, CT600, Filing accounts, filing corporation tax rteturn, HMRC

NIC Thresholds and Definitions

Written by Tony Shackleford on March 7, 2025.

Lower earnings level This is the point at which employees are credited with their ‘Stamp’ – effectively paying employees NIC at 0%. The threshold for 2025/26 is £542 per month or...

lower earnings limit, NIC, NIC desription, NIC thresholds, primary threshold, Secondary threshold

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Month: March 2025

Making Tax Digital (MTD) For Income Tax Update

HMRC mileage rate

Filing of Company Accounts and Corporation Tax Returns

NIC Thresholds and Definitions