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.

“Nudge” Letters Being Sent by HMRC to Taxpayers
HMRC have recently increased their use of “one to many” or “nudge” letters to taxpayers which

Possible Capital Gains Tax Changes in The October Budget
Many commentators are suggesting that the rate of CGT might be aligned with the


Do You Need to Register for Self-Assessment?
HM Revenue and Customs (HMRC) have issued a press release debunking some common

Back to School – Set Up A Tax-Free Childcare Account?
The Government’s Tax-Free Childcare Accounts provide a 25% subsidy towards the

October Budget To Be “Painful”
The Prime Minister, Sir Keir Starmer, speaking from Downing Street last Tuesday, has said that the

HMRC Checking on Workplace Nurseries
With the ever-increasing costs of childcare, a very attractive benefit provided by more and more

Should You Pass on Wealth Now to Avoid Inheritance Tax?
Many wealthy individuals are apparently passing on substantial amounts of their wealth in anticipation of possible

Changes to VAT on Independent School Fees
On 29 July 2024, the Chancellor announced that as of 1 January 2025, all education services and vocational

Planning A Staff Summer Barbeque?
Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession but is now

Taking on Tough Mudder
On the 14th July, The Rawcliffe’s Dirty Dozen, as we affectionately call them, took on the famous Tough Mudder

Proposed Repeal of The Special Tax Treatment of Furnished Holiday Lettings
The government has now issued the draft legislation to abolish the special tax treatment of

Use Tax-Free Childcare Account to Pay for Summer Holiday Clubs
Tax-Free Childcare accounts can be used to pay for approved childcare for children aged 11 or under, or 16 if the child

Budget Date Announced
The State Opening of Parliament took place on 17 July and the King’s Speech set out the measures that the government intends to

Beware The 60% Income Tax Trap
It has recently been reported over half a million taxpayers paid a marginal income tax rate of 60% in 2022/23, up by

Base Rate Plateau A Concern for Small Businesses
In the wake of the Bank of England's decision to maintain the base rate at 5.25%, the Federation of Small Businesses (FSB) has

Voluntary Code of Conduct for Directors: Will It Make A Difference?
The new code would be voluntary and is designed to help directors and business leaders build

VAT on the Costs of Selling a Subsidiary
When a holding company sells shares in a subsidiary, the VAT incurred on the professional fees involved would normally be