The Chancellor's Spring Statement, presented to Parliament 3 March 2026, was packed with political content that has no real impact for UK taxpayers, business owners or employees. The substance of her presentation was a summary of the Office for Budget Responsibility (OBR) Economic and fiscal outlook released on the same date.Our summary that follows highlights…
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Tax Diary March/April 2026
1 March 2026 - Due date for Corporation Tax due for the year ended 31 May 2025.2 March 2026 - Self-Assessment tax for 2024-25 paid after this date will incur a 5% surcharge unless liabilities are cleared by 1 April 2026, or an agreement has been reached with HMRC under their time to pay facility…
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Car and travel costs if self employed
If you are self-employed, it is important to understand which car and travel costs can be claimed.You can claim allowable business expenses for car, van, or travel costs, which reduce your taxable profit. Typical allowable costs include:Vehicle insuranceRepairs and servicingFuelParkingHire chargesVehicle tax and licence feesBreakdown coverTrain, bus, tram, air, and taxi faresHotel roomsMeals on overnight…
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Inheriting Additional State Pension
The Additional State Pension is only available to those who reached the state pension age before 6 April 2016 and are receiving the Old State Pension. The Additional State Pension is an extra amount of money paid on top of the basic Old State Pension.The Old State Pension is designed to provide individuals of state…
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