Clear Financial Skies

29/04/2026

Its important to know the rules around MTD ITSA. You may not have a combined turnover of £50,000+ from sole trader and property income, however, if you did in 2024/25, you may still be required to sign up and comply with MTD ITSA for 3 years.

Former sole trader locked into scheme for another three years despite falling under income threshold

31/03/2026

30/03/2026

Could the 45p per mile allowance, be finally updated. It's been frozen since 2011.

Chancellor indicates plan to review approved mileage allowance payment (AMAP) for first time since 2011 ‘ahead of a future Budget’

26/03/2026

Companies House and HMRC are closing the joint online filing service on the 31st March 2026. This will remove the free option completely. It will remove all records held in the online filing service.So it is essential to make backups as a matter of urgency

All businesses will have to use commercial software to file company tax returns from 1 April as current system ‘outdated’ but warning to save three years of records

24/03/2026

Potential new rules for limited companies controlled by 5 or fewer individuals. FSB warn that these new rules will push up compliance costs for small businesses

The Federation of Small Businesses has warned that the new HMRC rules risk creating more confusion for small business owners.

06/01/2026

https://www.gov.uk/government/news/565-million-still-to-file-as-the-self-assessment-deadline-looms #:~:text=5.65%20million%20still%20to%20file%20as%20the,2026%20with%20their%20tax%20affairs%20in%20order.

Millions of taxpayers have less than one month to file their Self Assessment tax return.

21/03/2025

HMRC accused of treating people who fell for scams like criminals

04/12/2024

https://www.msn.com/en-gb/news/newsbirmingham/hmrc-issues-warning-to-parents-who-have-adult-children/ar-AA1vfj8A?ocid=msedgntp&pc=ASTS&cvid=c86effcbc13f47cbaada9dd87f3fc72b&ei=16

Has your National Insurance record been affected?

A system error means mums and dads whose children have grown to be adults could be MISSING their state pension due to a mix-up with so called Home Responsibilities Protection.

27/11/2024

NEW - HMRC advisory fuel rates for company car users from 1st December 2024
https://www.accountancydaily.co/hmrc-advisory-fuel-rates-company-car-users-1-december-2024

HMRC has cut advisory fuel rates for company users of petrol and diesel cars, leaving electric rates unchanged