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.
Rumors of the Abolition of Inheritance Tax
There are rumors circulating in the press of the possible abolition of inheritance tax
HMRC Raise Interest Rates Again as Base Rate Increases
HMRC interest rates are linked to the Bank of England base rate. Late payment interest is
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
Planning A Staff Summer Barbeque?
Employers may meet the cost of certain social events for staff without creating a tax liability
Provide Additional Information of R&D Claims From 1 August 2023
When a limited company intends to make a claim for research and development (R&D) tax relief, from 8 August 2023 onwards it
HMRC Challenging A Marketed School Fees Plan
HMRC frequently warn taxpayers that when a tax avoidance scheme looks “too good to be true”, it probably is. They publish
Can We Still Be Paid £6 A Week for Working from Home?
During the COVID pandemic the government relaxed the conditions to enable those working from home to be paid £6 a week tax free by their
Should Small Businesses Still Use the VAT Flat Rate Scheme?
The VAT Flat Rate scheme was introduced in 2002 to simplify VAT reporting for small traders, reducing the time taken to
Changes to Corporation Tax Main Rate
Following the Corporation Tax rate increase on April 1, the rate of tax a company pays will depend on its level of
Super-Deduction Replaced by “Full Expensing”
In the Spring Budget the Chancellor announced that “full expensing” - 100% relief for new, eligible plant and machinery - would
Deadline For Topping Up NI Contributions Extended Again to 5 April 2025
With all of the changes to personal pensions in the Spring Budget, maximising the State Pension entitlement should not be overlooked. The full rate of new State Pension increased to
Making Tax Digital for Income Tax Update
Since MTD was announced, we have been working with many of our clients to help them streamline the way they keep their books and help them
Advisory Fuel Rate for Company Cars
These are the suggested reimbursement rates for employees' private mileage using their company car.
Should Employees Reimburse Their Employer for Private Fuel?
Where the employer provides an employee with a company car there may be an additional benefit in kind on
2022/23 Employment-Related Securities Returns Due By 6 July
The deadline for reporting shares and securities and share options issued to employees during 2022/23 is 6 July 2023
HMRC Official Rate of Interest Only 2.25%
HMRC have announced that the official rate of interest will increase from 2% to
Should Directors/Shareholders Take Advantage of The Lower Rate?
The HMRC rate of interest on beneficial loans looks very attractive compared to the Bank of England Base rate of 4.5% and much higher rates charged by banks for unsecured loans.
Consultation Into Possible Reform of Construction Industry Scheme
The Government have announced a number of tax consultations on its Tax Administration and Maintenance Day