New form for notifying HMRC of VAT errors

UK tax take nears £1 trillion – what it means for you

The UK’s tax burden continues to climb, with the latest figures showing HMRC collected £938.8 billion in 2025–26 a substantial 9.3% increase on the previous year.

To read the full article follow this link: https://www.hwb-accountants.com/uk-tax-take-nears-1-trillion-what-it-means-for-you ...

Valuing your business: what buyers look for and what you can do about it

If you are thinking about selling your business, whether that is in six months or six years, one of the first questions you will probably ask yourself is “what’s it worth?”

To read the full article follow this link:https://www.hwb-accountants.com/valuing-your-business-what-buyers-look-for-and-what-you-can-do-about-it ...

Construction Industry Scheme (CIS) update: Monthly nil returns from April 2026

From April 2026, significant changes to the Construction Industry Scheme (CIS) will come into effect, impacting contractors who are currently registered but not actively making payments to subcontractors.

To read the full article follow this link: https://www.hwb-accountants.com/construction-industry-scheme-cis-update-monthly-nil-returns-from-april-2026 ...

Charity Skydive for Sophie’s Legacy: On Saturday, Ben Forster and Harry Sherwood took to the skies for an incredible charity skydive in support of Sophie’s Legacy, showing real courage and commitment to a fantastic cause.

Harry completed his jump from 15,000 feet, while Ben followed from 10,000 feet—both rising to the challenge to help raise vital funds and awareness.

We’re incredibly proud of their achievement and grateful for their dedication to supporting the important work of Sophie’s Legacy.

A huge thank you as well to everyone who donated and supported their efforts. Together, they’ve raised over £1,000, making a meaningful difference. ...

Pickleball: A team from HWB recently enjoyed a fantastic evening at @dinks.clubs in Chandlers Ford, coming together for a fun game of pickleball and a social catch-up.

It was great to spend time outside the office, stay active, and enjoy each other’s company – and safe to say, everyone had a brilliant evening! ...

Big news for payroll and expenses teams 👇

The private mileage reimbursement rate has been updated to 55p per mile (for the first 10,000 miles), reflecting rising fuel, maintenance, and overall vehicle costs. Mileage above this threshold continues at 25p per mile.

🔍 What this means for businesses:
• Review and update your expense policies if appropriate
• Adjust payroll systems for accurate processing
• Clearly communicate any changes to employees

⚠️ Important to note:
This is an advisory rate — organisations are not required to adopt 55p per mile.
• If you choose to pay less than 55p, employees may be able to claim tax relief on the difference via HMRC
• If you pay more than the advisory rate, there may be tax and NIC implications

👩‍💼 For employees:
• Potential to claim additional tax relief if reimbursed below the advisory rate
• Greater awareness of how mileage payments impact take-home pay

💼 Also worth noting:
Self-employed individuals using the simplified mileage method will benefit from the uplift from 45p to 55p, helping better reflect the real cost of business travel.

✅ As always, staying compliant with HMRC guidance and keeping policies under regular review is key. ...

We’re pleased to share that we’ve recently refurbished our car park, creating a clearer, more accessible space for visitors. The improvements ensure a smooth and stress-free arrival, with designated parking available free of charge for anyone coming to see us.

We’re committed to making every part of your visit as convenient and welcoming as possible, starting from the moment you arrive.

Contact us at HWB today for all your accountancy and business advisory needs.
T: 023 8046 1200
E: [email protected] ...