Tax Tips Newsletter

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26/03/2026

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:

During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts. As part of the government’s policy of one major fiscal event a year, the Chancellor announced no new tax or spending policies. However, the OBR’s forecasts do provide some early clues about future tax and spending pressures. We have summarised the Spring Forecast from a tax perspective here (download summary document).

Please give us a call if you have any questions on any topics covered in this newsletter, or head to our Tax Investigation Service (click here) if you’re concerned about HMRC’s increased checks on individuals and small businesses.

We’re here to help – on 01642 606003.

Government is urged to scrap 'arbitrary' inheritance tax system
The Institute of Economic Affairs (IEA) is urging the UK government to abolish inheritance tax (IHT), calling it 'arbitrary, complex and distortionary. Read More...
 
Gulf expats worried about tax bill after UK return
British citizens living in Gulf states have been returning to the UK because of the conflict involving Donald Trump's war with Iran. Read More...
 
Chancellor concedes there was a valid argument for not increasing job taxes
The Chancellor, Rachel Reeves, admitted there was a 'valid argument' against her decision to raise employers' National Insurance contributions. Read More...
 
HMRC tax receipts and National Insurance contributions report
HMRC regularly releases a bulletin to update on the amount of tax and NI receipts it receives. Read More...
 
April Questions and Answers
I've received a letter from HMRC stating I have a drop in my tax-free allowance, so my tax code will change from April. My salary has not increased this past tax year, so why the change? Read More...
 
April Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 30th June. Read More...
 

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