Tax Tips Newsletter

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06/07/2025

Our Tax Team – Rachel, Louise, Lee (L-R)

Welcome to Davies Tracey’s Tax Tips Newsletter, designed to keep you one step ahead of the taxman. We are committed to ensuring none of our clients pay a penny more in tax than is necessary and as such, this month’s news and tips include:

Inheritance tax break that could lure expats back
Refusal to increase the annual Personal Allowance
Pressure to create wealth tax
Reeves urged to launch tax raid on landlords

Click a link above to read an article, or skip straight to our regular content:

This month we’re also encouraging employers to check the tax relief method used on the payroll corresponds with the method on the pension provider’s records, for each employee. Cases are on the rise where the employer’s payroll is processed on the basis of one type of scheme, but the pension scheme’s records show it as another type of scheme. If the wrong method is used, the contributions may fall below the minimum legal contribution requirements. If you need any help with this, or anything payroll related, head over to our dedicated payroll service website at dtpayroll.co.uk

If you have any questions on any topics covered in this newsletter, please give us a call for answers. We’re here to help – on 01642 606003.

Inheritance tax break that could lure expats back to the UK
Changes introduced by Chancellor Rachel Reeves on April 6 mean Britons who have lived abroad for 10 years are no longer subject to UK inheritance tax on their global assets. Read More...
 
The Government refuses to increase the annual Personal Allowance to £20,000
Parliament debated a petition calling for the income tax threshold to be raised from £12,570 to £20,000 to allow people to keep more of their earnings. The petition, signed by over 250,000 people, was spearheaded by pensioner Alan Frost, who described it Read More...
 
Reeves under pressure to create wealth tax
The financial pressures facing Chancellor Rachel Reeves continue to mount, particularly regarding a projected £57 billion shortfall in the country’s finances. Read More...
 
Reeves urged to launch tax raid on landlords
Labour MPs and influential advisers are urging Chancellor Rachel Reeves to “launch a tax raid” on landlords as part of efforts to fill a fiscal gap without breaking the party’s manifesto commitment against increasing taxes on “working people”. Read More...
 
July Questions and Answers
Q: I sometimes sell unwanted items online. Am I now liable to pay tax on any money I make? Read More...
 
July Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 30th September. Read More...
 

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