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 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

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