Tax Tips Newsletter

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06/03/2026

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.

Spring Statement 2026
The Spring Statement (March 03, 2026) speech was hoped to be "low drama" after the controversy surrounding last year's one and the Autumn Budget. Experts have called for stability, for example PensionBee says savers need clarity and consistency because r Read More...
 
HMRC issues Making Tax Digital reminder to workers
From 6 April 2026, self-employed workers and landlords earning over £50,000 in gross income will need to keep digital tax records throughout the year Read More...
 
HMRC issuing pensioners with new tax codes for winter fuel repayments
Some state pensioners will receive updated PAYE tax codes. This is to recover winter fuel payments from those whose total income exceeded £35,000 in the 2025-26 tax year. Read More...
 
High earners actively avoiding crossing the £100k income threshold
According to the Chartered Management Institute, 43% of managers say they or their employees have taken steps to keep income below £100k. Read More...
 
HMRC is increasing tax investigations
HMRC is intensifying checks on individuals and small businesses. Many investigations begin because of avoidable mistakes that trigger automated red flags. Read More...
 
March Questions and Answers
Are Premium Bonds a tax efficient way of saving? Read More...
 
March Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 30th May Read More...
 

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