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.
Should Employees Reimburse Their Employer for Private Fuel?
Where the employer provides an employee with a company car there may be an additional benefit in kind on
2022/23 Employment-Related Securities Returns Due By 6 July
The deadline for reporting shares and securities and share options issued to employees during 2022/23 is 6 July 2023
HMRC Official Rate of Interest Only 2.25%
HMRC have announced that the official rate of interest will increase from 2% to
Should Directors/Shareholders Take Advantage of The Lower Rate?
The HMRC rate of interest on beneficial loans looks very attractive compared to the Bank of England Base rate of 4.5% and much higher rates charged by banks for unsecured loans.
Latest HMRC Tax Webinars
Listed below are a number of live HMRC webinars that will give the self-employed an understanding of key taxes that affect
HMRC Employer Bulletin: April 2023
HMRC publishes the Employer Bulletin 6 times a year, giving employers and agents up to date information on topics and issues that may
Bill Discounts for Energy and Trade Intensive Sectors
Applications have now opened for energy and trade intensive sectors that are most affected by the rise in global energy prices to claim further discounts
Business Asset Finance Explained
Regardless of the size of business, the decision to invest in assets is always difficult but take a look at some of the benefits:
Consultation Into Possible Reform of Construction Industry Scheme
The Government have announced a number of tax consultations on its Tax Administration and Maintenance Day
Pensions and Estate Planning
As a result of the pension reforms introduced by George Osborne which took effect from 6 April 2015, a drawdown pension fund has become an important part of estate
Pension Lifetime Allowance
The latest Finance Bill will legislate the announcement in the Spring Budget that the lifetime allowance (LTA) charge is abolished from 6 April 2023.
PAYE Settlement Agreements Also Online
Where benefits in kind are provided to employees that will usually result an income tax charge on the employee and a Class 1A national insurance (NI) charge on the employer. The rate to be used for 2022/23 is 14.53% because of the withdrawal of the 1.25% Health and Social Care levy part way through the year.
HMRC Phasing Out Paper Tax Returns For 2023/24
As well as moving more and more employer returns online HMRC have announced that they will be phasing out paper self-assessment tax returns
2022/23 P11d Forms to be Submitted Online
The deadline for filing the P11d forms to report benefits in kind in respect of directors and employees for 2022/23 is 6 July 2023. Note, however, that the original and amended reports must now be made online and paper returns will be rejected.
New Holiday Let Rules to Protect Local People and Support Tourism – Consultation
A consultation published recently by the Department for Levelling Up, Housing and Communities will propose introducing planning permission for an existing home to start to be used as a short term let
Working Capital Finance Explained
Working capital finance solutions offer businesses the opportunity to improve cash flow. The world of commercial finance and asset-based lending (ABL) is complex and expansive with products, terminology, and contractual interpretation varying from lender-to-lender.
Building Business Resilience
Millions of businesses and households are struggling with their energy costs, alongside increases in general taxation, the cost of council tax, water bills and other utilities.
Energy Bills Discount Scheme for Non-Domestic Customers
This scheme replaces the Energy Bill Relief Scheme which supported businesses and organisations between 1 October 2022 and 31 March 2023