Diamond Bookkeeping Solutions

New approved Mileage Allowance Payments (AMAPs) –
backdated to 6 April 2026 for the 2026 to 2027 tax year •
Red Diesel – the duty rate has been cut from‌‌‌ 10.18 pence per litre to 6.48 pence per litre from 15‌‌‌ June‌‌‌ 2026 until 31‌‌‌ December‌‌‌ 2026 •
HGV Vehicle Excise Duty (VED) – over the next 12‌‌‌ months, when hauliers renew their HGV VED, they will pay £1 only
The changes to rates are:
• increase to 55 pence per mile for the first 10,000 miles
• remains at 25 pence per mile after 10,000 miles • increase to 55 pence per mile for the NICs disregard for Relevant Motoring Expenses (RME)
You may want to increase the amount you reimburse your employees for business mileage, in

The Renters Rights Act becomes law tomorrow.

Here's what actually changes for landlords.

Section 21 is gone. No more no-fault evictions. If you want possession back, you need a legal reason — rent arrears, antisocial behaviour, or you're selling. That's it.

All tenancies become periodic from tomorrow. Fixed terms are finished. Every tenancy rolls month to month automatically.

Rent increases are capped at once a year, with a Section 13 notice required every time.

You cannot take more than one month's rent upfront. No exceptions.

Tenants can keep pets. You have to consider any written request and respond in writing. You can't just say no.

No more rental bidding wars. Whatever you advertise, that's the price. Accepting offers above it is now illegal.

And existing landlords — you have until 31st May to issue the official government Information Sheet to every tenant or you face a fine of up to £7,000.

This is the biggest shake-up of the rental sector in over 30 years.

Landlords

Great New for some businesses who only have receipts basis, Xero app now has a receipt upload for us:

💎 Diamond Bookkeeping Solutions

📱 Simplify Your Bookkeeping with Xero Receipts

📱 How it works:

Use the Xero app to snap and upload your receipts as you go
No need to send paperwork or use Hubdoc

Everything is stored instantly and ready for processing

📸 How to do it:

Open the Xero Accounting App
Tap the “+” (Add) button
Select “Receipt”
Take a clear photo of your receipt
Add a short description (e.g. fuel, stock, materials)
Tap Submit

Call now to connect with business.

2026!

Book a catch up call www.diamondbookkeepingsolutions.co.uk
ready

www.diamondbookkeepingsolutions.co.uk

New for the 25-26 tax year
Income from property

The furnished holiday lettings (FHL) rules cease to apply in tax years commencing on or after 6 April 2025 for Income Tax and for Capital Gains Tax.
Income and gains from furnished holiday lettings form part of the person's UK or overseas property business and are treated in the same way as all other property income and gains.
Boxes relating specifically to furnished holiday lettings have been removed.

Business Update 2026
Making Tax Digital & New Minimum Wage Changes

Making Tax Digital (MTD) – Are You Ready?
From April 2026, self‑employed businesses and landlords earning over £50,000 must comply with Making Tax Digital for Income Tax.
• Keep digital records of income and expenses
• Submit quarterly updates to HMRC
• Use compatible accounting software
Diamond Bookkeeping Solutions can help you get set up, stay compliant, and make the process simple.

New Minimum Wage – Effective 1 April 2026
Employers must update payroll rates from 1 April 2026. Ensuring payroll systems are updated correctly is essential to remain compliant.
• Check employee age bands and correct pay rates
• Update payroll software
• Ensure pension contributions are calculated correctly
Our bookkeeping and payroll support can help ensure your business meets all payroll and compliance requirements.

Contact Diamond Bookkeeping Solutions
Reliable bookkeeping, payroll, and compliance support for small businesses.

Message us today to make sure your business is ready for the 2026 changes.