HMRC mileage rate increased to 55p
The headline approved mileage rate has increased to 55p per business mile for the first 10,000 miles, with effect from 6 April 2026. For each business mile over 10,000 miles, the approved mileage rate remains at 25p per business mile.
New SORP brings changes to lease accounting for charities
There are big changes in how leases are reported in charity accounts, explains Abi Robinson of Lovewell Blake’s Charities team.
Farm profitability crisis highlights need for proper business planning
Chris Solt, agricultural partner at Lovewell Blake, says that waning profitability is underlining the need for farms to have robust business plans.
Small companies face having to file full profit and loss accounts from 2028
Small companies and micro entities face having to file full profit and loss accounts from 2028 – but importantly can opt to keep them off the public record.
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 June 2026.
The key points to navigate when setting up in the UK
Overseas companies coming to operate in the UK need to understand how the British regulatory framework differs from their own.
The inheritance tax trap: What families need to know
Inheritance tax is often thought of as fairly straightforward: once you exceed the available allowances, tax is charged at 40%. In reality, the position is more complicated, particularly once an estate approaches £2 million.
HMRC campaign places directors' loans in the spotlight
A recent HMRC nudge letter highlights an overlooked aspect of director’s loan accounts and their repayments.