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.
Government Borrowing Jumps – Are Tax Rises on the Way This Autumn?
UK government borrowing was £20.7 billion for June, according to new figures from the
Class 2 NICs - 2024/25 Errors
HMRC have identified an issue affecting some Self Assessment taxpayers in relation to Class 2 National Insurance contributions (NICs) for
Proposed Changes to Inheritance Tax
As announced at Autumn Budget 2024, the government has published draft legislation to reform
HMRC’s Transformation Roadmap
On 21 July 2025, HMRC launched their Transformation Roadmap, which sets out ambitious plans for HMRC to become
Legislation Day 2025 - What Was Published?
On ‘Legislation Day’ (21 July 2025), HM Treasury released a range of draft legislation and tax documents. The key measures to be
Making Tax Digital - What’s New?
HMRC are pushing ahead with the implementation of Making Tax Digital (MTD) for Income Tax, set to commence from
Government Targets £7.5 Billion in Unpaid Tax - Focus on Business Compliance
The government has announced plans to raise an additional £7.5 billion by stepping up efforts to close the tax gap
Earning Extra Income? You Might Need to File a Tax Return – Here’s What to Know
If you earn extra income from a side hustle, you could be legally required to register for Self Assessment and
MTD for Income Tax: Income from Jointly Held Property
If you are a sole trader or landlord with combined turnover from trade and property exceeding £50,000 in 2024/25, you’re likely to
Salary Sacrifice for Pension Contributions
Employees who join their employer’s pensions salary sacrifice scheme stop paying pension contributions and instead
VAT on Private Tuition
A recent First Tier Tribunal case gave us a useful reminder of the rules governing the VAT treatment of
Childcare Accounts Can Subsidise Summer Childcare Costs
If you have children under 12 who attend a nursery, after school club, playscheme or childminder, or you are considering
Extracting Funds from an Owner-Managed Company
“What’s the most tax-efficient way to take funds out of my company?” is perhaps the most common question put to
Advisory Fuel Rates
The table sets out the HMRC advisory fuel rates from 1 June 2025. These are the suggested reimbursement rates for
VAT Groups and Anti-Avoidance
HMRC have published Tax Avoidance Spotlight 70 ‘VAT grouping structure arrangements used by
Official Rate of Interest
For employers reporting beneficial loans and some employment related living accommodation on form
2024/25 Employment-Related Securities Returns Due by 6 July
The deadline for reporting shares and securities and share options issued to employees for 2024/25 is
Double-Cab Pickups – Rule Changes for Benefit in Kind Purposes
Following a recent Court of Appeal ruling, from 6 April 2025, the classification of double-cab pickups (DCPUs) will need to