Tax Return Late Fees
2026 Mileage Rates

Tax Planning Tips

Published / Last Updated on 07/10/2025

Tax planning help and tips, saving you money

Passenger Mileage and Other Business Travel and Work Related Expenses
Passenger Mileage and Other Business Travel and Work Related Expenses
Fully Updated for 2026/27 (with HMRC‑verified facts) 2026/27 HMRC Mileage Rates (Cars & Vans) Mileage band HMRC rate First 10,000 business miles 55p per mile Over 10,000 miles 25p per mile Passenger supplement +5p per mile per passenger This ...
5d
Tax Planning
Uniforms, Work Clothing & Tools, Tax Relief Guide (UK)
Uniforms, Work Clothing & Tools, Tax Relief Guide (UK)
Key takeaway: If you wear a uniform or specialist work clothing — or use small tools for your job — you may be entitled to tax relief every year, ...
6d
Tax Planning
Business Mileage Allowance Update (Effective 6 April 2026)
Business Mileage Allowance Update (Effective 6 April 2026)
Government & HMRC announcement – 21 May 2026 (Iran crisis support package) HMRC has confirmed a significant increase to business mileage rates for employees and the self‑employed. These changes apply ...
13d
Tax Planning
Marriage Allowance and Married Couples Allowance
Marriage Allowance and Married Couples Allowance
UK Tax Reliefs for Married Couples and Civil Partners The UK tax burden is at its highest since WWII. Many allowances are frozen until 2031, and new taxes continue to ...
2m24d
Tax Planning
Actions to Take Before 2% Income Tax Increases on Cash Interest
Actions to Take Before 2% Income Tax Increases on Cash Interest
As you may be aware, in the Spring 2026 Budget, Rachel Reeves announced new ‘savings income tax’ increases by 2% for Dividend Income from April 2026 2% for Property Rental Income/profit ...
3m28d
Tax Planning
HMRC Withdraws Tax Code Increase for Employment Expenses and Gift Aid
HMRC Withdraws Tax Code Increase for Employment Expenses and Gift Aid
HMRC is at it again in not automatically helping some taxpayers get tax relief when it is due and forcing us all to physically claim it, via application form ...
4m5d
Tax Planning
Understanding the Order of Priority for Different Incomes for Income Tax Calculation
Understanding the Order of Priority for Different Incomes for Income Tax Calculation
The order for income tax calculation below is taken from HMRC’s Tax Calculation Summary Notes 6 April 2024 to 5 April 2025. See https://assets.publishing.service.gov.uk/media/67dabb3f1a60f79643028419/sa110_notes_2025.pdf The priority order was then updated in ...
6m5d
Tax Planning
Staggering Amounts of Tax Free Interest with Cash Savings Allowances
Staggering Amounts of Tax Free Interest with Cash Savings Allowances
Interest on bank and building society deposits is subject to income tax but interest earned within your personal tax allowance and the additional allowances below is income tax free. Most ...
> 1y1m
Tax Planning
HMRC Late Payment Interest v Late Tax Refund Interest
HMRC Late Payment Interest v Late Tax Refund Interest
HMRC suggests: “The late payment interest rate encourages prompt payment. It ensures fairness for those who pay their tax on time. The repayment interest rate compensates taxpayers fairly, when they overpay, ...
> 1y2m
Tax Planning
Taxes on Shares and Share Based Investment
Taxes on Shares and Share Based Investment
There are different levels of tax and allowances on working or pensions income, property income and cash savings. There is also a different tax regime for shares and share ...
> 1y11m
Tax Planning
New Late Tax Return Penalties on Business and Investment Property Income
New Late Tax Return Penalties on Business and Investment Property Income
Already detailed on this website and mentioned many times are the standard late filing and late tax return penalties as follows: Current HMRC Late Self Assessment Tax Return Penalties 1 day ...
> 2y
Tax Planning
How Long Should I Keep My Tax Records?
How Long Should I Keep My Tax Records?
We are regularly asked the question of how long people should keep their tax and financial records. The answer is not exact and will depend upon your circumstances and whether ...
> 2y1m
Tax Planning
Claiming Expenses when Working From Home
Claiming Expenses when Working From Home
When this firm relocated its head office from the north of Birmingham to Cornwall in 2015, we did not make any redundancies and all staff were allowed to work ...
> 2y3m
Tax Planning
Tax Free Savings Allowances Revisit With High Interest Rates
Tax Free Savings Allowances Revisit With High Interest Rates
For many years bank and building society interest was taxed at source i.e., basic rate income tax was withheld from your interest before you received it. Therefore, non-tax payers ...
> 2y8m
Tax Planning
Being Tax Efficient With Redundancy Payments
Being Tax Efficient With Redundancy Payments
There are two financial settlement approaches that an employer may take with you if they make you redundant. A. Statutory Minimum Redundancy Payment This is the minimum payment by law that ...
> 3y5m
Tax Planning

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