Tax Tips Newsletter

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13/02/2026

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:

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

This month, we’re also reminding employers about tax changes affecting employees from 6th April. There is good and bad news for employees for 2026/27 as more low-value benefits can be provided by employers without incurring a tax charge, however the ability to make a claim for tax relief for homeworking expenses is withdrawn. If you’re an employer who is unsure what this means for your business and your payroll, please give us a call.   

Please also give us a call if you have any questions on any topics covered in this newsletter,  We’re here to help – on 01642 606003.

Government climbdown on inheritance tax for family firms
Chancellor Rachel Reeves recently reversed part of a planned inheritance tax change affecting family-owned businesses and farms. Read More...
 
Government rejects call to raise pensioners' tax-free allowance
A petition asked the Government to create a new tax code for people over state pension age and raise their personal allowance to £25,140. Read More...
 
Surge in Cash ISA Deposits
Savers rushed to deposit money into cash ISAs in October, driven by speculation that the annual allowance might be cut. £4.2 bn was added in October - a 75% increase from September's £2.4 bn.< Read More...
 
Claims that the Chancellor's U-turns cost £3bn of headroom
Chancellor Rachel Reeves is reported to have already used up to £3bn of the £22bn fiscal headroom she set out in her November Budget. The spending is linked to a series of U-turns and concessions made since the Budget was announced. Read More...
 
February Questions and Answers
Q: I’m close to going over the capital gains tax limit. How can I avoid a bill? Read More...
 
February Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 30th April Read More...
 

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