Tax Tips Newsletter

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23/01/2026

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:

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

This month, we’ve also summarised the upcoming changes to the UK accounting standard FRS 102, following several client enquiries. Please click here to read the relevant news article.

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.

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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