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.
HMRC Publish More Details of MTD for Income Tax Reports
Making Tax Digital for income tax self-assessment is scheduled to commence in 2026/27 for sole traders and property landlords with
Changes to The Basis of Assessment
The method of taxing the profits of unincorporated businesses changed significantly in 2023/24 and will also change from
Many Couples May Need to Restart Child Benefit Claims
The changes to the High Income Child Benefit Charge (HICBC) announced in the Spring Budget have now been incorporated into the latest
The Team are at It Again!
On the 14th July, The Rawcliffe’s Dirty Dozen, as we affectionately call them, are taking on the famous Tough Mudder
Happy New Tax Year
This April we highlight some of the key tax changes that take effect from the start of the new tax year. Unfortunately, most of the income tax
Are You or Your Employees Making Good Use of Tax-Free Childcare?
Tax-Free Childcare is available to working families to help them save on their childcare costs. However, many may not be making use of this provision and with the Easter break soon
New Companies House Powers Come into Force
New powers for Companies House based on the Economic Crime and Corporate Transparency Act 2023 (ECCT Act) came into force on 4 March 2024. The new measures allow Companies House to
Spring Budget 2024
Jeremy Hunt says the UK economy has dealt with the financial crisis, the pandemic and energy crisis caused by war in Europe. He acknowledges that interest rates “remain high as we bring down inflation”, but adds: “We can now help families not just with cost of living support but with permanent cuts in taxation.” He calls it a “budget for long term growth”
Understanding The Pros And Cons of The VAT Flat Rate Scheme for Businesses
Value Added Tax (VAT) is a significant consideration for businesses. It impacts your cash flow, the amount of
Are You Ready? Carers Leave Act Comes into Force From 6 April 2024
The Carer’s Leave Act comes into force on 6 April 2024, which will affect all employers in the UK.
Are You Eligible for A £252 Saving on Your Tax Bill?
With the tax year ending on 5 April, March is a good month to check whether sharing unused tax allowances with your
Making Tax Digital: New Policy Paper Published
A new policy paper has been released by HM Revenue and Customs (HMRC) on Making Tax Digital for
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