Tax Tips Newsletter

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:

• Top earners see an increase in HMRC investigations
• Treasury dealt blow as thousands of EV drivers use tax loophole
• Many risk paying tax twice due to multiple HMRC letter demands
• Snail farms discovered in London offices in tax avoidance scheme

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

• Question & Answer section (click here to send us a question for next time)
• Key Tax Dates

Last week, Chancellor Rachel Reeves presented her second Budget to Parliament. After the tax-raising budget of 2024, it had been hoped by the government that widely applicable tax increases would not be required again in 2025. However, with economic pressures continuing to apply, tax increases have been announced and these will affect the vast majority of households. For the Budget headlines, and what it means for you as a working person, business owner or property owner, please see our summary document by clicking here. 

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.