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MTD for ITSA: Mandation for businesses and landlords with income over £50,000 begins April 2026.
MTD for ITSA: Mandation for income over £30,000 begins April 2027.
FHL Abolition: The Furnished Holiday Lettings tax regime is officially abolished as of April 2025.
Non-Dom Reform: The remittance basis is replaced by a new 4-year foreign income and gains (FIG) regime.
Basis Period Reform: Full transition to the "tax year basis" for all unincorporated businesses is now in effect.
SDLT: Temporary Stamp Duty thresholds are set to revert to previous levels from April 2025.
Dividend Allowance: The tax-free dividend allowance remains at £500 for the current year.
Capital Gains: The Annual Exempt Amount is fixed at £3,000 for individuals and personal representatives.
MTD for ITSA: Mandation for businesses and landlords with income over £50,000 begins April 2026.
FHL Abolition: The Furnished Holiday Lettings tax regime is officially abolished as of April 2025.

2026/27 TAX YEAR IS HERE MTD FOR INCOME TAX NOW MANDATORY FOR LANDLORDS & SELF-EMPLOYED OVER £50K DIVIDEND TAX RATES INCREASED TO 10.75% & 35.75% — OPTIMISE YOUR PAYOUTS ADVANCED CALCULATORS FOR PROPERTY, CRYPTO, AND INHERITANCE TAX HERE

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    📅 Tax Year

    🚗 Mileage Details

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    How This Calculator Works

    🚗 AMAP Rates

    Uses HMRC Approved Mileage Allowance Payment (AMAP) rates: 45p/mile (first 10,000), 25p/mile thereafter for cars and vans.

    📈 Under-Reimbursed?

    If your employer pays less than AMAP, the shortfall can be claimed as a tax-deductible expense on your Self Assessment.

    🚫 Over-Reimbursed?

    If paid more than AMAP, the excess is taxable income and should be reported on your tax return.

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    Frequently Asked Questions

    Can I claim mileage if I use my personal car for work?

    Yes. HMRC Approved Mileage Allowance Payments (AMAP) allow you to claim 45p per mile for the first 10,000 business miles and 25p thereafter per tax year. You can claim relief on any shortfall between what you were paid and the AMAP rate.

    Do AMAP rates include fuel?

    Yes. AMAP rates are meant to cover all costs of using your personal vehicle for business: fuel, insurance, wear and tear, and depreciation. You cannot additionally claim fuel separately when using AMAP rates.