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.
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
Not All LLP Members are Self-Employed
Since April 2014 members of a LLP are no longer automatically treated as
Salary or Dividend Best in 2023/24?
In recent years many accountants have advised their director/shareholder clients that the most tax efficient method of
The VAT Flat Rate Scheme - New Online Form
The amount of VAT a business pays or claims back from HM Revenue and Customs (HMRC) is usually the difference between the VAT charged by the business to
Are You Due A National Insurance Refund on Car Allowances?
Recent Tribunal decisions in favour of employing companies and against HMRC has caused many organisations in similar circumstance to
Rumour’s That Inheritance Tax May Be Abolished
In the weeks before any Budget or Autumn Statement there are always leaks and rumours. Normally, in the run up to a General Election there are also tax give
First Time Tax Return?
Taxpayers who are new to Self-Assessment for the 2022 to 2023 tax year may include