ABS Book Keeping Services

20/10/2026

01/08/2026

Mileage rates just went up 🚗📈
If you drive for business, this is the first increase since 2011 — and it's a big one.
New rates from 6 April 2026:
✅ 55p/mile (up from 45p) — first 10,000 business miles
✅ 25p/mile after that
✅ 24p/mile motorcycles
✅ 20p/mile bicycles
✅ +5p/mile per employee passenger
Employer paying less than this? You can claim Mileage Allowance Relief on the shortfall from HMRC.
Keep your mileage log up to date 📋

31/07/2026

MTD ITSA making tax digital

- Quarterly tax return submissions & filing deadlines⤵️

Q1 (April to June): Due by 07th August '26

Q2 (July to September): Due by 07th November '26

Q3 (October to December): Due by 07th February '27

Q4 (January to March): Due by 07th May '27

Final Declaration: Replaces the traditional self assessment tax return and confirms all income, not just from self-employment or property: Due by 31st January '28

30/07/2026

AML course completed 😀

24/02/2026

Making Tax Digital for Income Tax Self Assessment

Quarterly updates are details of business income and expenses to that point, sent to HMRC via MTD-compatible software. You can send just a total income and expenses summary.

That’s all that’s required. The purpose of quarterly updates provide you and HMRC with an in-year snapshot of your tax position, but they don’t replace the annual tax return.

Nor do you have to pay tax quarterly. The way you make tax payments doesn’t change with MTD for Income Tax. Most people will pay on account by 31 July and 31 January, with any additional balance payable by 31 January, too

Quarterly updates aren’t legally binding and you won’t get penalised if they’re not 100% correct. All you need to provide are the running totals of your income and expenditure.

By enforcing the use of MTD-ready software, HMRC is ensuring that all businesses benefit from modern digital advances such as:

· Reduced errors: Digital records minimise mistakes.

· Time savings: Automated processes cut down paperwork.

· Better visibility: Quarterly updates give you a clearer picture of your tax position throughout the year.