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Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 12pm

A Mind of Figures Ltd

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A Mind of Figures Ltd

A small accountancy firm which provides a professional yet personal service

01/06/2026

⛽ Advisory Fuel Rates from 1 June 2026 set by HMRC

▪️Employers can use these rates to reimburse company car drivers for business fuel.
▪️These rates can also be used if employees are required to repay the cost of fuel used for private travel.
▪️These rates should not be used in relation to vans.
▪️For journeys where a fully electric company car is charged at both public and residential locations, you can apportion the mileage based on how much charging happens at each place. The apportionment calculation should be fair and reasonable.
▪️These amounts also apply for VAT purposes, but employers can only reclaim input VAT if the employee supplies a receipt.

ℹ Next rates announced 1 September 2026

29/05/2026

🍪 World Biscuit Day 🍪

In honour of World Biscuit Day today we’re celebrating the nation’s favourite tea time tradition.

☕ When you attend our offices your hot drink always comes with a Lotus Biscoff biscuit, however tell us:

👉 What’s your go-to biscuit?
👉 And what drink are you pairing it with?

Best combo wins bragging rights 👇

28/05/2026

We’re thrilled to share another ⭐⭐⭐⭐⭐ review from one of our amazing clients on Trustpilot!

A huge thank you to everyone who takes the time to share their experience — your feedback means the world to us and helps others choose a service they can trust.

If we’ve worked together recently, we’d love to hear from you too. Your review not only supports our business, but also helps us continue improving and delivering the best possible experience. Leave us a review here: trustpilot.com/review/amindoffiguresltd.co.uk

27/05/2026

🚘 10p rise in tax free mileage rate

In a positive move the chancellor increased the approved mileage rate for personal car use for business trips. This was increased for the first time in more than 15 years.

With soaring petrol and diesel prices, the chancellor announced a 10p per mile increase in tax-free mileage rates with the hike backdated to 6 April 2026, ‘benefiting those who need to drive for work, from care workers to plumbers’.

This means an increase from the current 45p for cars and vans to 55p per mile for the first 10,000 business miles in the tax year, and 25p for mileage over 10,000 miles. There will be no change to the motorcycle rate.

HMRC has updated the rates page stating the new approved mileage rates are approved from tax year 2026 to 2027.

26/05/2026

📅 June Tax Deadlines

1️⃣
Corporation Tax payment: 31 August 2025 year ends
Advisory fuel rates for company car drivers: new rates published
Payrolled benefits: provide statement to employees of specified information for payrolled benefits
7️⃣
VAT return submission and payment (online): month-end or quarter 30 April 2026
1️⃣9️⃣
PAYE, NIC and CIS payment (postal): month-end 5 June 2026
CIS return: payments made to subcontractors in the month to 5 June 2026
2️⃣2️⃣
PAYE, NIC and CIS payment (electronic): month-end 5 June 2026
3️⃣0️⃣
Corporation Tax returns: 30 June 2025 year ends
VAT partial exemption: annual adjustment due this quarter for 31 March stagger
VAT annual accounting: 30 April stagger VAT return and balancing payment

25/05/2026

🌼 Our office is closed today for the Bank Holiday...back tomorrow morning! Enjoy the long weekend everyone

23/05/2026

Wishing Kimberley, our Accounts & Tax Senior, a very happy birthday! Have a lovely day celebrating 🎂🎉🎁🎈

22/05/2026

📰 What's in the news...Payroll fraudsters bought gold and diamonds in £8.8m fraud

Four businessman used a network of payroll companies to carry out a multimillion fraud against HMRC. The companies collected VAT from employment agent clients using their payroll services for recruitment placements totalling £52m.

The gang charged VAT to clients for payroll services, but over a 21-month period they did not pay any of the tax due to HMRC. Instead, the money was redistributed from various bank accounts to each of the four, as well as to friends and family members. The stolen money was spent on gold bullion, diamonds, luxury cars, clothes, expensive watches, holidays in Malaga and days out to the Grand National. They even devised a scheme to build a luxury property development in Bulgaria.

⚖ Outcome: The men all received jail sentences ranging from four years to six years. All four will be subject to confiscation orders under the Proceeds of Crime Act.

20/05/2026

We’re thrilled to share another ⭐⭐⭐⭐⭐ review from one of our amazing clients on Trustpilot!

A huge thank you to everyone who takes the time to share their experience — your feedback means the world to us and helps others choose a service they can trust.

If we’ve worked together recently, we’d love to hear from you too. Your review not only supports our business, but also helps us continue improving and delivering the best possible experience.

Leave us a review here: trustpilot.com/review/amindoffiguresltd.co.uk

19/05/2026

🐖💷 Changes to inheritance tax liability mean unused pension pots will be taxed from 2027 so the question is does it make sense to restructure assets?

From April 2027, unused money-purchase pension assets will be included in estates for the calculation of inheritance tax (IHT) and this is already having consequences.

Many pension savers are deciding to take their tax-free lump sum or draw down more heavily on their pension pots in order to spend or gift, or in some cases buy annuities, so that they are not leaving a surplus pot that will be taxed at 40% at death. And potentially face double-tax if someone dies at age 75 or over, as a beneficiary may also pay income tax on the inherited pension fund at their marginal rate.

Ideally, today’s workers would not accumulate large numbers of small defined contribution (DC) pots in the first place. Younger and middle aged employees who have benefitted from auto enrolment but are building up multiple pots should consider rolling them up as they go along – either into their current workplace scheme or into a personal pension such as a self-invested personal pension (SIPP).

Having fewer pots makes it easier to monitor investments and performance, which in turn gives greater clarity over the size of the pot at retirement and the income it might generate. However, there are variables and complexities, so holders of multiple schemes should look carefully at their savings before embarking on a DIY consolidation.

🗣 ASK US TO REFER YOU TO OUR PREFERRED PENSION ADVISOR

Address

Second Floor, Unit 6, Benton Office Park
Horbury
WF45RA

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 12pm

Telephone

01924 682113

Website

http://www.amindoffiguresltd.co.uk/

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