Tax Tips Newsletter

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19/06/2026

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.

Making Tax Digital (MTD) for Income Tax - deadline reminders
From April 2026, MTD for Income Tax came into force for sole traders and landlords who had gross income over £50,000 in the previous tax year. Read More...
 
HMRC rejects almost half of Making Tax Digital exemptions
At the time of its request, a Freedom of Information request has shown that HMRC rejected 47% of applications for exemption from the MTD for Income Tax scheme. Read More...
 
Pensions to be included in IHT calculations from April 2027
From April 2027, unused defined contribution (DC) pensions will be counted as part of a person's estate for inheritance tax (IHT). Read More...
 
Drop in tax relief on VCTs may affect economic growth
The Chancellor reduced income tax relief on Venture Capital Trusts (VCTs) from 30% to 20%, effective 6 April 2026. Read More...
 
June Questions and Answers
Q: I retired last year but have since taken on a part-time job. My defined benefit pension uses up my Personal Allowance, so how much tax will I have to pay? Read More...
 
June Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 31st August. Read More...
 

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