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.
Report on Companies House Progress Released
The Economic Crime and Corporate Transparency Act 2023 brought in reforms to Companies House procedures and powers with the first phase applying
Advisory Fuel Rate for Company Cars
The table below sets out the HMRC advisory furl rates from 1 June 2024. These are the suggested reimbursement rates for employees' private mileage
Government Promise to Cut National Insurance Confirmed
While commenting on the GDP growth and what it indicates about the economy, the Prime Minister again drew attention to
HMRC Official Rate of Interest Remains at 2.25%
HMRC have announced that the official rate of interest will remain at 2.25% for 2024/25, despite the Bank of England Base Rate currently
Should Employees Reimburse Their Employer For Private Fuel?
Where a company car is provided for use by an employee or director there is a benefit in kind taxable on the
2023/24 Employment-Related Securities Returns Due By 6 July
The deadline for reporting shares and securities and share options issued to employees for 2023/24 is
Report Employee Benefits on Form P11d By 6 July
P11d forms for reporting expenses and benefits in kind provided to employees and directors in 2023/24 need to be submitted by
Official Rate of Interest for 2024/25 Remains At 2.25%
HMRC have confirmed that the official rate of interest for employee and directors’
HMRC Publish Updated Guidance on Work Travel
Whether or not an employee’s home is a workplace does not affect the availability of tax relief for
Are You Protected Against a HMRC Investigation?
HMRC hold an unprecedented level of information on UK businesses and taxpayers and have invested heavily in
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
Changes to Furnished Holiday Lettings from 6 April 2025
As announced in the Spring Budget, the beneficial tax treatment of furnished holiday lettings (FHLs) will be abolished from
Changes to The Basis of Assessment
The method of taxing the profits of unincorporated businesses changed significantly in 2023/24 and will also change from
Many Couples May Need to Restart Child Benefit Claims
The changes to the High Income Child Benefit Charge (HICBC) announced in the Spring Budget have now been incorporated into the latest
Happy New Tax Year
This April we highlight some of the key tax changes that take effect from the start of the new tax year. Unfortunately, most of the income tax
Spring Budget 2024
Jeremy Hunt says the UK economy has dealt with the financial crisis, the pandemic and energy crisis caused by war in Europe. He acknowledges that interest rates “remain high as we bring down inflation”, but adds: “We can now help families not just with cost of living support but with permanent cuts in taxation.” He calls it a “budget for long term growth”
Understanding The Pros And Cons of The VAT Flat Rate Scheme for Businesses
Value Added Tax (VAT) is a significant consideration for businesses. It impacts your cash flow, the amount of
Are You Eligible for A £252 Saving on Your Tax Bill?
With the tax year ending on 5 April, March is a good month to check whether sharing unused tax allowances with your