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.
Cuts to National Insurance: Reminders About Changes
In November 2023’s Autumn Statement, the government announced some National Insurance (NI) changes. Some of these changes went into effect in January 2024, whereas others will come into effect on
Are You Getting Minimum Wage Payments Right?
Last Tuesday, the government named and shamed 524 businesses for failing to pay the minimum wage to their staff.
Companies House Fees to Increase from 1 May 2024
Companies House have reviewed the fees they charge and have released details of the new charges that will apply from 1 May 2024.
Update on HMRC Double Cab Pick Up Guidance
On Monday 12 February 2024 HMRC updated its guidance on the tax treatment of Double Cab Pick Ups (DCPUs), following a 2020 Court of Appeal judgment. The guidance had confirmed that, from 1 July 2024, DCPUs with a payload of
New Powers for Companies House in Tackling Economic Crime
The Economic Crime and Corporate Transparency Act, which received royal assent on October 26, 2023, gives Companies House the power to play a more substantial role in
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