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.
Income Tax and Selling Online
In recent weeks there has been a flurry of online activity discussing the new law that will require online marketplaces to report information about income made by their users to HMRC
Pilot Scheme to Look at Potential Fraudulent Bounce Back Loan Scheme Applications
The Department for Business (DBT), the Cabinet Office, and HM Revenue & Customs (HMRC) have initiated a pilot program to detect potential fraud committed by sole traders under the Bounce Back Loan Scheme
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
Where Does the Money Go?
With ever increasing supplier prices, managing your businesses cash and understanding the
ICO Guidance on International Data Transfers
This information aims to help organisations know how to protect people's personal information when
Cutting Tax and Rewarding Hard Work
In addition to income tax, all employees earning more than £12,570 a year pay
HSE Guidance on Keeping Workplace Temperature Reasonable
As winter takes hold, you can find helpful advice from the Health and Safety Executive (HSE) on keeping
Companies Urged to File Accounts Early and Online to Avoid Penalties
Running your own company can be exciting but also challenging. Directors have lots of responsibilities including