Blog
All the latest changes to tax legislation- important tax dates and deadlines, Help-Sheets on managing your personal finances, business news & opinion, as well as updates on what’s happening at Rawcliffe’s.
The New Markel Tax Service Period
The new Markel Tax Service Period has begun. It runs from March 18th – March 17th 2026.
Companies House Begins Phased Roll Out of New Powers to Tackle Fraud
On Monday 4 March 2024, Companies House introduced new and enhanced powers to improve the quality and reliability of its data and tackle misuse of the companies register.
IHT Reliefs for Business Owners and Farmers
The government is continuing with its plans to reform IHT agricultural property relief (APR) and business
Digital Record Keeping and Quarterly Reporting Requirements for Traders and Landlords (“MTD”)
Updates are continuing to come through on HMRC’s ‘Making Tax Digital for Income Tax’ (‘MTD for IT’) initiative. It will initially
Additional Clarity on R&D Reliefs
Due to the complexity of the rules around R&D reliefs, many companies do not know at the point of making an
Tackling ‘Phoenixism’
HMRC is expanding its efforts to tackle ‘phoenixism’ (or tax-driven business cessations followed by business start-ups), whereby
Spring Statement 2025
Ms Reeves said the Budget will raise £40 billion in taxes. Employers’ National Insurance contributions (NICs) will be increased from next April while Capital Gains Tax rates will also rise. Inherited pensions will fall within the Inheritance Tax net from April 2027 while reliefs will be reformed on the passing down of agricultural and business assets.
Tax Advantaged Investments
Inheritance tax planning helps people and families manage and reduce the taxes that are triggered when passing on assets and wealth to
Advisory Fuel Rates for Company Cars
The table below sets out the HMRC advisory fuel rates from 1 March 2025. These are the suggested reimbursement rates for employees'
ATED - Annual Tax on Enveloped Dwellings
Annual Tax on Enveloped Dwellings (ATED) is payable by ‘non-natural persons’, such as companies, that hold an interest in UK residential
Are You Trading?
2024 was the first year for which digital platforms such as Amazon and eBay were required to send information about vendors
Loan Charge Review – Have Your Say!
The loan charge was brought in to curtail the use of specific tax avoidance schemes that sought to avoid
Timing of Disposals and Elections for Capital Gains Tax
2024 saw an increase in the main rates of Capital Gains Tax (CGT) for disposals taking place on or after 30 October 2024
Making Tax Digital for Income Tax
With just over a year to go before Making Tax Digital for Income Tax (MTD for IT) is mandated, now is the time to
Warning to Self Assessment Customers
With the Self Assessment tax deadline behind us, HM Revenue and Customs (HMRC) is warning people to be wary of bogus tax refund offers.
VAT on Food and Drink
In 2024 we saw a lot of legal cases that examined the VAT rating of food and drink and it appears this trend is
Employment Expenses
It is possible to claim Income Tax relief on eligible employment expenses that have not been
Avoid Any Double Cab ‘Hiccups’!
HMRC has published new guidance regarding a change in the interpretation of how Double-Cab Pickup (DCPU) vehicles should be