Tax Tips Newsletter

01642 606003

daviestracey.co.uk
HomeWhy UsFAQsServicesResourcesNewsVacanciesYour BusinessDT PayrollClient AreaContact
18/10/2026

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:

Implications of deferring your state pension
HMRC reviewing over 100,000 tax calculations
New scheme for those with Loan Charge liabilities
Family heirlooms could reduce your inheritance tax liability

Click a link above to read the article, or 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

Autumn Budget 2026 – What to Expect

The Chancellor’s Autumn Budget is scheduled for Wednesday 28 October, and we’ll be keeping a close eye on the announcements and what they could mean for individuals and businesses. Speculation includes possible changes to capital gains tax, business taxation and business rates, alongside measures aimed at supporting the economy and managing public finances. As always, the detail will be crucial, and we’ll be reviewing the announcements carefully. We’ll update our clients on Budget day with a summary of the key changes and, importantly, what they could mean for you, your business and your tax planning.

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.
Deferring your state pension will lose your income tax exemption
Earlier in the year, the then Chancellor, Rachel Reeves, promised that pensioners who rely solely on the state pension will not pay income tax, but this exemption will not apply to those who defer their state pension. Read More...
 
HMRC reviewing over 100,000 tax calculations due to system error
HMRC is manually reviewing 107,000 tax calculations from the 2025-26 tax year after taxpayers complained that they had been overcharged. The underlying fault has existed for years - first acknowledged in 2021 - and still hasn't been fixed. Read More...
 
New scheme for those with Loan Charge liabilities
HMRC is writing to households with outstanding Loan Charge debts, offering a new Settlement Scheme that can cut liabilities by up to £70k. The scheme aims to reduce most customers' bills, and around one?third may end up paying nothing at all. Read More...
 
Family heirlooms could reduce your inheritance tax liability
Certain family heirlooms, artworks, manuscripts, collections, land, or historic estates can significantly reduce - or even eliminate - inheritance tax (IHT) if they qualify as items of national importance and are kept under specific HMRC schemes. Read More...
 
October Questions and Answers
Q: I'm in a marriage where one of us is not earning and one still is. If we move money between our personal savings accounts, who is treated as earning the interest income to work out the tax? Read More...
 
October Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 31st December. Read More...
 

Copyright © 2026 Davies Tracey. All rights reserved.

Swan House Westpoint Road Teesdale Business Park Stockton-on-Tees TS17 6BP

Davies Tracey is a trading name of Davies Tracey Limited