Tax Tips Newsletter

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:

HMRC Inheritance Tax enquiries hit six-year high 
Summer attractions see VAT reduced to 5%
Increase in Mileage Allowance
Check if you are eligible for the Employment Allowance

Click a link above to read the article.

This month, for many of our clients, it will be their first experience of Making Tax Digital (MTD). While we’ll be supporting many businesses through the process and taking care of the submissions on their behalf, it’s still essential that your accounting records are complete, accurate and kept up to date. Good record-keeping is the foundation of MTD compliance and will help ensure your returns are accurate and submitted on time. If you’re unsure what records you’ll need to keep or how MTD will affect you, please get in touch – we’re here to help make the transition as straightforward as possible.

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

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

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.