Finance Flow Services - Bookkeeping & Tax

Finance Flow Services - Bookkeeping & Tax Accountant for self-employed and limited companies - bookkeeping, tax filing & financial clarity, all in one place.
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01/06/2026

HMRC has announced its first increase to the Approved Mileage Allowance Payment (AMAP) rate in 15 years.

New HMRC mileage rates (2026/27)

Cars & vans: First 10,000 miles 55p every mile thereafter 25p

Motorcycles: First 10,000 miles 24p every mile thereafter 24p

Bicycles: First 10,000 miles 20p every mile thereafter 20p

Remember travelling to and from your usual place of work/business does not count.

The change is being backdated to 6 April 2026 meaning if you've already been reimbursed at 45p per mile for business travel since the start of the 2026/27 tax year, employers may need to review claims and potentially make additional payments to reflect the new 55p rate. The government has said it will legislate retrospectively so the higher rate applies from the start of the tax year.

UK Tax Rates & Thresholds 2026/27 Quick GuideSave this for later 📌👇Income Tax Personal Allowance - £12,570 (0%)20% - £12...
16/04/2026

UK Tax Rates & Thresholds 2026/27 Quick Guide

Save this for later 📌👇

Income Tax

Personal Allowance - £12,570 (0%)

20% - £12,571 to £50,270
40% - £50,271 to £125,140
45% - £125,140+

National Insurance (Employees)

0% - up to £12,570
8% - £12,571 to £50,270
2% - £50,270+

Dividend Tax

Allowance: £500

10.75% (basic rate)
35.75% (higher rate)
39.35% (additional rate)

Corporation Tax

19% - profits up to £50,000
25% - profits over £250,000

Capital Gains Tax (CGT)

Allowance: £3,000

18% / 24% - property gains
10% / 20% - other assets

💡 Smart Moves

✔️ Max out ISA (£20,000 allowance)
✔️ Use pension contributions to reduce tax
✔️ Split income/dividends where possible

Plan smart. Stay efficient. Build wealth

Save this post so you’ve got it when planning ahead 💡

If someone you know could use a little clarity around their taxes, send this their way 🤝

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