Tax Tips Newsletter

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25/04/2025

Our Tax Team – Louise, Ian, Rachel (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:

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

Also, as the tax year comes to an end, we’re reflecting on recent changes at Davies Tracey. In the past few months we have welcomed 4 new, carefully selected members to the team who are busy getting to know our clients. This has been in readiness for the departure of 2 longstanding members of staff, Diane and Ian (whose latest – and last – commentary on the Spring Statement can be found here, in case you missed it). We wish Diane and Ian well, and look forward to the experience of our new team members enhancing our services. Please click here to find out more about the refreshed Davies Tracey team.

If you have any questions on topics covered in this newsletter, please give us a call for answers.

We’re here to help – on 01642 606003.

Tax rises inevitable amid tariff trade war?

The dust had barely settled on Rachel Reeves' Spring Statement before shockwaves were sent through financial markets following news of trade tariffs from America. Read More...

HMRC could get new powers in tax avoidance clampdown

Tax avoidance - and specifically those who promote it - has once again been pushed into the spotlight. That's because of a new review launched by the Government, as trailed at the Spring Statement. Read More...

Financial reporting: major changes for business sizes take effect

Significant changes affecting financial reporting have kicked in, meaning many businesses may be re-classified in terms of their sizes. Read More...

Chancellor adds more fuel to ISA reform fire

After much rumour and conjecture, it seems that some potentially significant changes to ISAs (Individual Savings Accounts) are on the way. Read More...

May Questions and Answers

Q: My business has always used P11D forms for reporting benefits-in-kind. We don't payroll benefits currently. But I've heard the rules are changing. What does this mean for my business and what do I need to do to prepare? Read More...

May Key Dates

19 May - For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC