Contact us 01733 568321

News and Blog

Making the most of tax relief at Christmas

There’s no better time to be nice to staff and customers than at Christmas. But the tax man is less generous than Santa and there are certain clauses you need to be aware of before you start popping £50 notes into envelopes to hand out over mulled wine… read more

Rawlinsons Placeholder

Business group calls for HMRC to simplify tax administration

The British Chambers of Commerce (BCC) recently called for HMRC to ‘cut the complexity’ associated with tax administration and compliance. A survey carried out by the business group in conjunction with software company Avalara suggested that 75% of firms believe that the overall burden of tax administration and… read more

Rawlinsons Placeholder

HMRC publishes VAT Notice for Making Tax Digital

In July 2018, HMRC published a new VAT Notice for Making Tax Digital for VAT (MTD for VAT), providing ‘additional clarity’ for businesses mandated to use the system from April 2019. Under MTD for VAT, businesses with taxable turnover above the VAT registration threshold (currently £85,000) will be… read more

Rawlinsons Placeholder

Mental health becoming ‘less taboo’ in UK workplaces

A survey conducted by the British Chambers of Commerce (BCC) in conjunction with insurer Aviva has suggested that discussing mental health in the workplace is becoming ‘less taboo’ for both employers and employees. Almost 30% of firms have experienced an increase in the number of employees taking time… read more

Rawlinsons Placeholder

Government scraps its plans to abolish Class 2 NICs

The government recently scrapped its plans to abolish Class 2 national insurance contributions (NICs). They were originally due to be abolished in April 2018, but the plans were delayed for a year until April 2019. The government has now announced that Class 2 NICs will not be abolished… read more

Rawlinsons Placeholder

Tax Tip: Lettings Relief Changes

Following the recent budget, plans were announced that from April 2020, lettings relief will only be available to landlords in shared occupancy with the tenant. For any landlords who have previously lived in their buy-to-let property, this could have a significant impact on capital gains tax payable if… read more

Rawlinsons Placeholder

Tax Tip: Capital Gains Tax Savings with Spousal Transfers

For those incurring, or about to incur capital gains tax on the sale of investments, consider the fact that married couples can make transfers between each other without incurring such a charge. This way, a transfer of an investment, or share of an investment, to a spouse immediately… read more

Rawlinsons Placeholder

Tax Tip: Childcare scheme alternatives for working parents

If you are an employee and pay for your own childcare, if you are not already in a childcare voucher scheme then this option is no longer available as the government closed such schemes to new applicants on 4 October 2018. However, there are two alternatives for working… read more

Rawlinsons Placeholder

Tax Tip: Self-employed? Topping up your NICs

If you are self-employed, there is still time to top up your national insurance contributions (NICs) by making Class 2 payments, which can be a significantly cheaper option than making Class 3 voluntary contributions. Class 2 NICs were due to be abolished in April 2018, but the measure… read more

Making Tax Digital: where are we now?

The government’s landmark Making Tax Digital (MTD) for business initiative is set to take effect from 1 April 2019, beginning with MTD for VAT. So, what is the latest position? The MTD for business initiative was originally set to be implemented between 2018 and 2020 – however, concerns… read more