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.
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
There’s Still Time for Some Year End Tax Planning!
With the tax/financial year end approaching, now is a good time to check that you’re making the most of the available
HMRC Scam Warning
With the 31 January self assessment deadline fast approaching, HMRC has warned taxpayers to be alert to fraudsters. In the past
Payrolling Benefits in Kind
‘Payrolling benefits in kind’ means that employee benefits in kind (e.g. company cars and medical insurance) are reported to HMRC through the employer’s payroll
Corporate Tax Roadmap
The Government published a ‘Corporate Tax Roadmap’ as part of Autumn Budget 2024. The Roadmap is designed to give
Get Ready for Making Tax Digital for Income Tax
Prior to the Autumn Budget, there was hope that the new Labour Government might further delay the introduction of
Spring Forecast Scheduled for 26 March 2025
Rachel Reeves, the Chancellor of the Exchequer, has confirmed 26 March 2025 as the date for the Spring Forecast