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.

How Does A New Prime Minister Affect You?
Business Resources Andrew Mellor Business Resources Andrew Mellor

How Does A New Prime Minister Affect You?

Unlike domestic customers, energy bills for businesses are not capped and the rising cost is proving critical for many companies, especially smaller firms. Liz Truss announced that businesses will get an "equivalent support" for a six-month period, but it is not clear what that means as the UK government have not yet published the unit cost per unit of gas and electricity that they are using to generate the domestic cap and cannot yet confirm whether the same unit cost will be applied to business customers.

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Advisory Fuel Rate for Company Cars
Tax News Andrew Mellor Tax News Andrew Mellor

Advisory Fuel Rate for Company Cars

The figures in the table below are the HMRC suggested reimbursement rates for employees' private mileage using their company car from 1 September 2022. Remember that provided all private fuel is fully reimbursed the fuel benefit does not apply

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Self-Employed Need to Plan For Big Tax Bills in 2023/24
Tax News Andrew Mellor Tax News Andrew Mellor

Self-Employed Need to Plan For Big Tax Bills in 2023/24

The changes to the basis of assessment of self-employed profits are scheduled to change from 6 April 2024. The new rules mean that profits (and losses) will be assessed based on the amounts arising between 6 April and 5 April instead of the profit/loss of an accounting period ending in the tax year.

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Employers Should Prepare for A Warmer Future
Business Resources Andrew Mellor Business Resources Andrew Mellor

Employers Should Prepare for A Warmer Future

The Health and Safety Executive (HSE) is advising businesses to think about how they need to adapt to warmer working conditions for their staff. After last month’s record-breaking temperatures and with more hot weather this month, HSE is asking employers to ensure extreme heat becomes part of their long-term planning.

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