Tax Tips Newsletter

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11/07/2026

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 the article.

This month, we’re highlighting HM Treasury’s Fact Sheet on the Family Activities VAT Relief, which takes effect on 25th June. The new relief aims to make treats, attractions and travel more affordable for families.

Take a look at the fact sheet here (or click on the image below) for more information, including guidance for businesses on preparing for the scheme and passing the benefits on to families.

Finally, you can click below to explore our regular content:

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

HMRC Inheritance Tax Enquiries Hit Six-Year High
HMRC opened 4,940 formal inheritance tax (IHT) enquiries in the last financial year - an 18% increase year-on-year. Read More...
 
Summer attractions see VAT reduced to 5%
As part of the government's "Great British Summer Savings" package, aimed at helping families during rising costs linked to the Iran war, Rachel Reeves announced a VAT cut to 5% on tickets (for adults and children) for theme parks, zoos and museums. Read More...
 
Increase in Mileage Allowance
The Approved Mileage Allowance Payment (AMAP) for employees using their own car for work (not commuting) has risen from 45p to 55p per mile for the first 10,000 miles per tax year. After 10,000 miles, the rate remains 25p per mile. Read More...
 
Reminder: check if you are eligible for the Employment Allowance
The Employment Allowance allows companies and charities to reduce their annual National Insurance (NI) liability. Read More...
 
July Questions and Answers
Q: I can no longer claim tax relief on my expenses when working from home. Is there anything I can do (I'm a basic rate taxpayer)? Read More...
 
July Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 30th September. Read More...
 

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