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.
It’s P11D Season!
P11D forms for reporting expenses and benefits in kind provided to employees and directors in 2024/25 need to be submitted by
HMRC Spring Tax Update
On 28 April 2025, the Government made several tax policy announcements, launched consultations and confirmed previously
Raft of Tax Administration Measures Announced: How Will These Affect Businesses and Employers?
James Murray, the Exchequer Secretary to the Treasury, made a Written Ministerial Statement last week that included
What the Latest IMF Forecast Means for Business Owners
The International Monetary Fund (IMF) has predicted that the Bank of England could cut interest rates
VAT: ‘Food’ or ‘Confectionery’?
Group 1 of Schedule 8 VAT Act 1994 specifically makes ‘food’ zero-rated, although there is a long list of ‘excepted items’ which
The Furnished Holiday Lettings (FHLs) Regime
The Furnished Holiday Lettings (FHLs) regime was abolished on 6 April 2025. What does the abolition mean for
Changes to the Taxation of Non-UK Domiciled Individuals
From 6 April 2025, a new regime for the taxation of UK resident non-domiciled individuals came into effect. HMRC have
MTD for Income Tax - FAQs
Making Tax Digital for Income Tax (MTD for IT) will be introduced from 6 April 2026. Below are some frequently asked questions and answers
The New Markel Tax Service Period
The new Markel Tax Service Period has begun. It runs from March 18th – March 17th 2026.
Companies House Begins Phased Roll Out of New Powers to Tackle Fraud
On Monday 4 March 2024, Companies House introduced new and enhanced powers to improve the quality and reliability of its data and tackle misuse of the companies register.
IHT Reliefs for Business Owners and Farmers
The government is continuing with its plans to reform IHT agricultural property relief (APR) and business
Digital Record Keeping and Quarterly Reporting Requirements for Traders and Landlords (“MTD”)
Updates are continuing to come through on HMRC’s ‘Making Tax Digital for Income Tax’ (‘MTD for IT’) initiative. It will initially
Additional Clarity on R&D Reliefs
Due to the complexity of the rules around R&D reliefs, many companies do not know at the point of making an
Tackling ‘Phoenixism’
HMRC is expanding its efforts to tackle ‘phoenixism’ (or tax-driven business cessations followed by business start-ups), whereby
Spring Statement 2025
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.
Tax Advantaged Investments
Inheritance tax planning helps people and families manage and reduce the taxes that are triggered when passing on assets and wealth to
Advisory Fuel Rates for Company Cars
The table below sets out the HMRC advisory fuel rates from 1 March 2025. These are the suggested reimbursement rates for employees'
ATED - Annual Tax on Enveloped Dwellings
Annual Tax on Enveloped Dwellings (ATED) is payable by ‘non-natural persons’, such as companies, that hold an interest in UK residential