Vattax Accountancy Ltd

08/09/2026

📢 MAKING TAX DIGITAL – ARE YOU READY?

Making Tax Digital for Income Tax is now here, and HMRC has confirmed that more than 436,000 sole traders and landlords have already submitted their first quarterly update.

⚠️ If you should be using MTD but haven’t signed up yet, now is the time to act.

From September 2026, HMRC will begin signing up taxpayers who are required to use MTD but have not yet registered.

💷 Who is affected?
• From April 2026 – qualifying income over £50,000
• From April 2027 – qualifying income over £30,000

Under MTD, you’ll need to keep digital records, use compatible software and submit quarterly updates — while still completing your annual Self Assessment.

✅ Missed your first quarterly update? No penalty points will be issued for late quarterly updates during 2026/27.

Not sure if MTD applies to you or need help getting everything set up correctly?

📩 Vattax Accountancy Ltd is here to help.

Get in touch with us before HMRC gets in touch with you.

📞 07403 332895
📧 [email protected]

10/06/2026

After 15 years without change Approved Mileage Allowance Payment (AMAP) rate is finally increasing.

From 6 April 2026, the rate for employees using their own cars or vans for business travel will rise from 45p to 55p per mile for the first 10,000 business miles travelled each year. Even better, the change will be backdated to April 2026.

What does this mean in practice?

✅ Employees can receive up to 55p per mile for the first 10,000 business miles tax-free.

✅ The 25p per mile rate for business mileage above 10,000 miles remains unchanged.

✅ Motorcycle and bicycle rates stay the same at 24p and 20p per mile respectively.

✅ Passenger payments for car sharing remain at 5p per passenger per business mile.

The increase also applies to the simplified expenses regime for the self-employed from 2026–27, allowing sole traders to claim:
• 55p per mile for the first 10,000 miles in cars and goods vehicles.
• 25p per mile thereafter.
• 24p per mile for motorcycles.

The government has confirmed that a wider review of mileage rates will take place in a future Budget.

For employers, payroll teams, and self-employed individuals, now is the time to review mileage policies and ensure claims from April 2026 reflect the updated rates.

A long-overdue change — but perhaps only the first step towards a fairer system.

26/05/2026

🚨 HMRC UPDATE FOR SELF-EMPLOYED & LANDLORDS 🚨

From April 2026, Making Tax Digital (MTD) is now mandatory for many sole traders and landlords earning over £50,000.

This means:
✅ Digital record keeping
✅ Quarterly submissions to HMRC
✅ Compatible accounting software required

The income threshold will reduce again in future years, meaning even more taxpayers will be affected.

If you’re unsure whether MTD applies to you, now is the time to prepare before penalties begin.

📩 Need help getting MTD-ready? We can help you stay compliant and stress-free.

26/05/2026

26/05/2026

🌍 Do you have income from outside the UK?

If you do, you may need to declare it as part of your Self-Assessment tax return.

⏰ Don’t forget — HMRC deadlines and reporting requirements apply to:
✔ Overseas rental income
✔ Foreign employment income
✔ Investments & dividends abroad
✔ Overseas pensions
✔ Capital gains from assets outside the UK

If you have previously undeclared foreign income or gains, HMRC’s Worldwide Disclosure Facility allows you to bring your tax affairs up to date before further penalties apply.

📅 Stay compliant and avoid unnecessary fines.

Learn more here:
https://www.gov.uk/guidance/worldwide-disclosure-facility-make-a-disclosure?utm_source=chatgpt.com

24/12/2025

Merry Christmas from Vattax!

As the year comes to a close, we want to thank you for being a valued part of the Vattax journey. Your trust and support mean everything to us and we’re grateful to have worked alongside you throughout the year.

May this Christmas bring you joy, peace and special moments with those who matter most. We wish you a bright holiday season and a New Year filled with success, growth and new opportunities.

Warmest wishes,
The Vattax Team

21/12/2025

I’m an accountant — and I’m also a rider.

If you’re self-employed and want an accountant who gets it feel free to message me 🐎📊

17/11/2025

10/11/2025

📢 Important update – Making Tax Digital (MTD) for Income Tax

HMRC has confirmed that Making Tax Digital (MTD) will start soon and will change the way many self-employed individuals and landlords report their income.

✅ MTD becomes mandatory based on your annual gross income (before expenses):

From April 2026: Income over £50,000

From April 2027: Income over £30,000

From April 2028: Income over £20,000

👉 What will change?

You will need to keep digital records of your income and expenses.

You will submit quarterly updates to HMRC instead of one annual Self Assessment.

You must use MTD-compatible accounting software.

ℹ️ HMRC will determine whether you fall into MTD based on your latest Self Assessment and will send an official notification if you are required to join.

✋ If your income is close to the threshold, it’s a good idea to start preparing early — choosing software and organising records now will make the transition much easier.

💬 If you’re unsure whether MTD applies to you, or you’d like help getting ready, send me a message — I’m here to support you through the process.

15/09/2025

Now Accepting Self-Employed Clients – Limited Spaces Available

Are you self-employed and looking for reliable, professional support to help manage and grow your business?
We’re now welcoming new clients but availability is strictly limited.

Here’s what you’ll get:
✔️ Expert guidance tailored to your needs
✔️ Hassle-free, professional service
✔️ Support you can count on every step of the way

📲 Contact us today to secure your spot before they’re gone!