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.

Business Tax
Tax News Andrew Mellor Tax News Andrew Mellor

Business Tax

Under the government’s MTD for income tax initiative, businesses will be required to keep digital records and send a

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Employment Taxes
Tax News Andrew Mellor Tax News Andrew Mellor

Employment Taxes

Earnings below the LEL are not subject to primary Class 1 NICs and do not accrue entitlement to state benefits. Earnings between the LEL and the PT do

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Capital Gains Tax
Tax News Andrew Mellor Tax News Andrew Mellor

Capital Gains Tax

As expected, and with immediate effect from the budget date of 30 October 2024, the rates of capital gains tax (CGT) have been increased on

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Autumn Budget 2024

Autumn Budget 2024

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.

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