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.

Advisory Fuel Rate for Company Cars
The table below sets out the HMRC advisory fuel rates from 1 March 2024. These are the suggested reimbursement rates for

Don’t Be Late In Paying Your Personal Tax Bill
2022/23 income tax, CGT, class 2 and 4 NIC liabilities should have been paid by 31 January 2024 unless you have agreed

Get Ready for More R&D Changes
On top of the major changes to research and development (R&D) tax relief that took effect from 1 April 2023, there are yet more changes that

Data Protection - UK-US Data Bridge - A Factsheet for UK Organisations
Following a review of the current handling and protection of personal data, the UK and US have established a "data bridge". This allows personal data to freely

4,757 Festive Tax Return Filers
HMRC announced that 4,757 taxpayers filed their Self Assessment tax return on Christmas

Regular Gifts Out of Your Income Can Save Inheritance Tax
One tax planning opportunity that many thought the chancellor might restrict was the exemption from inheritance tax for regular gifts out of

Pension Contributions on Behalf of Others
Normally an individual’s payments into a pension scheme are limited to their relevant earnings in a given tax year. This

Advisory Fuel Rate for Company Cars
The table below sets out the HMRC advisory fuel rates from 1 December 2023

2024 - A Year for Flexibility?
Looking back at 2023, we have been amazed at the resilient way our clients have handled the uncertain economy. You have

Update Payroll Software for the January Nic Cut
The chancellor’s announcement of a 2% cut in national insurance contributions (NICs) for employees applies

Backing British Business
The Annual Investment Allowance (AIA) is now permanently set at £1million. This means that businesses can claim tax relief at

Cutting Tax and Rewarding Hard Work
In addition to income tax, all employees earning more than £12,570 a year pay

Self-Assessment Payments Via the HMRC App Treble To £121 Million
Almost 100,000 tax-payers have paid £121 million using the

Autumn Statement 2023
In January 2023 the Prime Minister set out three economic priorities: to halve inflation, grow the economy and reduce debt. Consumer Prices Index (CPI) inflation has now more than halved from a peak of over 11% last autumn to 4.6% in October 2023.

Self-Assessment Scam Warning
With a large number of people expected to submit a Self-Assessment tax return for the 2022-23 tax year before the 31 January 2024 deadline, fraudsters will prey on customers by impersonating

Reclaiming Input VAT on The Sale of Shares
The sale of shares is an exempt supply for VAT purposes, which means that input VAT on professional fees in connection with the

Charging Electric Cars at Home
HMRC have recently clarified their view of the tax treatment of the reimbursement of electricity costs where employees charge their

HMRC Challenges LLP Scheme for Property Businesses
HMRC have recently published Spotlight 63 which alerts taxpayers to a marketed tax avoidance scheme that claims to