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.

There’s Still Time for Some Year End Tax Planning!
With the tax/financial year end approaching, now is a good time to check that you’re making the most of the available

HMRC Scam Warning
With the 31 January self assessment deadline fast approaching, HMRC has warned taxpayers to be alert to fraudsters. In the past

Payrolling Benefits in Kind
‘Payrolling benefits in kind’ means that employee benefits in kind (e.g. company cars and medical insurance) are reported to HMRC through the employer’s payroll

Corporate Tax Roadmap
The Government published a ‘Corporate Tax Roadmap’ as part of Autumn Budget 2024. The Roadmap is designed to give

Get Ready for Making Tax Digital for Income Tax
Prior to the Autumn Budget, there was hope that the new Labour Government might further delay the introduction of

Spring Forecast Scheduled for 26 March 2025
Rachel Reeves, the Chancellor of the Exchequer, has confirmed 26 March 2025 as the date for the Spring Forecast

Advisory Fuel Rate for Company Cars
These are the suggested reimbursement rates for employees' private mileage using their company car

Family Investment Company (FIC) Factsheet
A Family Investment Company (FIC) is a UK-registered company that focuses on investing family wealth rather than engaging in trading activities

Farmers Campaigning for Agricultural Property Rethink
The announcement in the Autumn Budget about restrictions to inheritance tax (IHT) agricultural and business property relief

Christmas Party Time!
There continues to be no taxable benefit for employees provided that all staff are invited, and the cost to the employer does

Paying Employees Early Before Christmas
Some employers need to pay their employees earlier than usual in December. This can be for several reasons, such

Remember Christmas Gifts Of Up To £50 Per Employee Are Tax Free
Employers should note that certain gifts to staff at Christmas are tax free if

Bring Forward Succession Planning to Avoid A Big IHT Bill
The current tax rules encourage farmers and other business owners to hold on to their business until death, when the

Business Tax
Under the government’s MTD for income tax initiative, businesses will be required to keep digital records and send a

Employment Taxes
Earnings below the LEL are not subject to primary Class 1 NICs and do not accrue entitlement to state benefits. Earnings between the LEL and the PT do

National Living Wage (NLW) & National Minimum Wage (NMW)
Employers must pay their employees at least the NLW, for workers aged 21 and

Capital Gains Tax
As expected, and with immediate effect from the budget date of 30 October 2024, the rates of capital gains tax (CGT) have been increased on

Income Tax
For 2025/26, income tax rates and thresholds remain frozen at their 2024/25 levels.