27/05/2026
Mileage Claims, VAT Cuts & Business Costs: What the Chancellor’s Latest Changes Mean for UK Business Owners
Recent announcements from Chancellor Rachel Reeves included a few changes that business owners will actually pay attention to, particularly around mileage claims and VAT reductions, and after years of rising costs, some of them were probably overdue
Will the VAT reduction help hospitality this Summer?
The Chancellor announced a temporary VAT reduction from 20% to 5% on selected family-focused hospitality and leisure activities over the summer.
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The Mileage Allowance Payment Increase Finally Gets the Green Light
After years of complaints from businesses and employees alike, the government has finally increased the HMRC mileage allowance rate - the AMAP will rise from 45p to 55p per mile for the first 10,000 business miles travelled each year, this is the first meaningful increase since 2011.
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