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.

Autumn Budget 2024
Ms Reeves said the Budget will raise £40 billion in taxes. Employers’ National Insurance contributions (NICs) will be increased from next April while Capital Gains Tax rates will also rise. Inherited pensions will fall within the Inheritance Tax net from April 2027 while reliefs will be reformed on the passing down of agricultural and business assets.

Beware “Scam” Letters Claiming to be from HMRC
We have become aware of scam letters and emails purporting to be from

Many Over 55’s Can Withdraw 25% Of Their Pension Fund Tax-Free
Under current pension rules, many pension funds allow pension scheme members to withdraw up to 25% of their

Should We Bring Forward Asset Disposals Before Budget Day?
CGT changes normally take effect from 6 April, but there have been mid-year changes in the past. This possibility has

Beware “Bed and Breakfast” Anti-Avoidance
Many investors may be looking to realise capital gains on their investments at the current rates, just in case there is an

Rumours of Pension Changes in the October Budget
Changes to pension tax relief seems to be top of the list of possible changes in the Budget and could yield more

“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