HMRC's new 55p mileage rate highlights the importance of good bookkeeping
HMRC's move to raise the Approved Mileage Allowance Payment (AMAP) rate to 55p per mile is good news for many business owners and employees. As fuel, insurance, servicing, and vehicle costs continue to rise, this update offers a more accurate reflection of the actual expenses involved in business travel ... The new 55p mileage rate from HMRC emphasises the significance of maintaining accurate bookkeeping records Many small business owners rely on their vehicles for client visits, networking events, supplier meetings and day-to-day operations. While the new rate may increase the value of allowable mileage claims, businesses can only benefit if they maintain clear and accurate records of their journeys. Without proper documentation, even legitimate mileage expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Would you like to know more? |
If anything I've written in this blog post resonates with you and you'd like to discover more about the new 55p mileage rate and how it relates to your bookkeeping, it may be a great idea to give me a call on 01604 420057 and let's see how I can help you. |
Share the blog love ... | |||||||||||||||||||||||
#HMRC #mileagerate #runningcosts #reimbursement #employees #selfemployed #claimexpenses #businesstravel |
About Alison Mead ... | ||
|
More blog posts for you to enjoy ... | ||
 | Getting your sole trader clients ready for MTD For Income Tax If you're a bookkeeper supporting sole trader clients, you've likely already started receiving questions about Making Tax Digital (MTD) for Income Tax. While the changes may seem daunting at first, they're really about encour... | |
 | Some great reviews for my Bookkeeping Buddy subscription Do It Yourself bookkeeping often feels like a chore when you're managing your own business accounts or even just starting off as a bookkeeper. This is why I created my Bookkeeping Buddy subscription and I'm getting some great... | |
 | Xero pricing update from 1st September 2026 As bookkeepers, we are often the first port of call when clients hear about software price increases. If you've started hearing questions about Xero's latest pricing changes, now is a great opportunity to demonstrate your val... | |
 | Why Should You Use A Bookkeeper? Keeping track of your accounts is a science as well as an art form. Yes, of course you can do it yourself, but wouldn't a bookkeeper make your life a whole lot easier? Having a clear picture of your finances at any given time... | |
 | Bookkeepers: how you can prepare your landlord clients for Making Tax Digital Making Tax Digital (MTD) for Income Tax is no longer a future consideration for landlords. The rollout is now underway, and many landlords will need to change how they keep records and report income to HMRC ...... | |
 | Bookkeepers: About the summer 2026 temporary VAT reduction to 5% For many bookkeepers, managing VAT changes can feel like a full-time job, especially when temporary measures are introduced at short notice. The government's announced summer VAT reduction to 5% is one such change, and it is ... | |
 | Credit Notes for Xero: A new version is now here Credit Notes in Xero now feature a cleaner, more familiar layout that aligns with invoices and quotes. The old version remains available for now, but this update aims to make bookkeeping tools feel more consistent and easier ... | |
 | Refreshed Xero accounting app gives small businesses smoother on-the-go control The Refreshed Xero app is live, emphasising speed, familiar navigation, and easier task management. Small businesses can switch organisations, add files, and handle tasks with fewer taps. It's a practical update, with more im... | |
Other bloggers you may like ... | ||
 | Get Ahead of the Game with YourPCM's Daily Red List Emails Posted by Steffi Lewis on https://www.yourpcm.uk All business owners know the importance of staying organised and on top of their connections. However, with a hectic schedule and a long list of conta ... | |
 | Rising labour costs, energy bills and late payments are holding businesses back Posted by Roger Eddowes on https://blog.essendonaccounts.co.uk This pressure is feeding straight into weaker cash flow and tighter margins for everyone. Businesses are finding it harder to plan, price and grow whe ... | |
 | How do we create our subscribers' blog posts? Posted by Steffi Lewis on https://www.sblogit.com Many people wonder what steps are required for us to create a blog post for one of our subscribers. I wouldn't say it's simple and straightforward, bu ... | |
 | Why is it never too late to think like an entrepreneur Posted by Jacky Sherman on https://www.jackysherman.com Over the past few years, I've noticed a clear shift in how people talk about business, work and financial security. More people than ever are explorin ... | |