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.
“Nudge” Letters Being Sent by HMRC to Taxpayers
HMRC have recently increased their use of “one to many” or “nudge” letters to taxpayers which
Possible Capital Gains Tax Changes in The October Budget
Many commentators are suggesting that the rate of CGT might be aligned with the
Do You Need to Register for Self-Assessment?
HM Revenue and Customs (HMRC) have issued a press release debunking some common
Back to School – Set Up A Tax-Free Childcare Account?
The Government’s Tax-Free Childcare Accounts provide a 25% subsidy towards the
October Budget To Be “Painful”
The Prime Minister, Sir Keir Starmer, speaking from Downing Street last Tuesday, has said that the
HMRC Checking on Workplace Nurseries
With the ever-increasing costs of childcare, a very attractive benefit provided by more and more
Should You Pass on Wealth Now to Avoid Inheritance Tax?
Many wealthy individuals are apparently passing on substantial amounts of their wealth in anticipation of possible
Changes to VAT on Independent School Fees
On 29 July 2024, the Chancellor announced that as of 1 January 2025, all education services and vocational
Planning A Staff Summer Barbeque?
Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession but is now
Proposed Repeal of The Special Tax Treatment of Furnished Holiday Lettings
The government has now issued the draft legislation to abolish the special tax treatment of
Use Tax-Free Childcare Account to Pay for Summer Holiday Clubs
Tax-Free Childcare accounts can be used to pay for approved childcare for children aged 11 or under, or 16 if the child
Budget Date Announced
The State Opening of Parliament took place on 17 July and the King’s Speech set out the measures that the government intends to
Beware The 60% Income Tax Trap
It has recently been reported over half a million taxpayers paid a marginal income tax rate of 60% in 2022/23, up by
VAT on the Costs of Selling a Subsidiary
When a holding company sells shares in a subsidiary, the VAT incurred on the professional fees involved would normally be
VAT on Private School Fees – Any Planning?
Many parents have been asking if there is any planning to avoid the 20% increase in private school fees. However, the actual
Reminder: P11D Form Submission Deadline Approaching
As mentioned in the diary of main tax events, form P11D for reporting benefits provided to employees and directors needs to be submitted online by
General Election 2024 – What Are Main Parties Saying About Tax?
Both the Conservative and Labour parties have pledged not to increase income tax, national insurance or VAT, although