Tax Tips Newsletter

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03/04/2025

Our Tax Team – Louise, Ian, Rachel (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:

Also this month, we’re talking e-invoicing. We moved to this a while ago and are experiencing the many benefits, not least saving time and money. Now, the Government has launched a 12-week consultation, setting out plans for an ‘e-invoicing overhaul’. You can give your views on standardising electronic invoicing and increasing its adoption across UK businesses by clicking here. If you do not want to give your views, the consultation is worth a read anyway, highlighting examples of the wider benefits to business of e-invoicing. Click here to find out more, and please do ask us for e-invoicing advice.

If you have any questions on topics covered in this newsletter, please give us a call for answers.

We’re here to help – on 01642 606003.
Hiring veterans: National Insurance relief extended for another year
Changes to National Insurance contributions for employers have dominated much of the tax news headlines since being announced at the Autumn Budget. But one element of the rules you may have missed concerns armed forces veterans. Read More...
 
Tax break scheme for second homeowners axed
The furnished holiday lettings tax regime is on the verge of being abolished. Reforms were announced under the previous Conservative Government in Spring 2024 and are now set to take effect. Read More...
 
Tax commitment finally set to change after 25 years
A 25-year UK tax commitment related to Income Tax is set to be axed from next month. As the new tax year begins on 6 April 2025, rules on The Official Rate of Interest (ORI) are finally set to change. Read More...
 
Several tax-related changes to take effect
A number of tax changes are set to take effect in April, with National Insurance contributions for employers and a facet of Capital Gains Tax among them. Read More...
 
April Questions and Answers
Q: I’m thinking about selling my business, which I’ve owned for five years. How will the upcoming tax changes affect me? Read More...
 
April Key Dates
5th - Current tax year (2024/25) ends. That means it’s the final opportunity to use up any tax allowances or reliefs for that year, such as making pension contributions or ISA allowances. Read More...
 
Spring Statement 2025
The Spring Statement (26 March 2025) focused more on public spending cuts than tax. However, the picture for tax from April 2025 now becomes more certain as a result of the announcements. Read More...
 
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Based in the Tees Valley, supporting clients in the northern region and beyond, our team delivers everything you would expect from first-class accountants. Our services aim to help our business clients to achieve greater profitability, and our individual clients to enjoy greater wealth.
 
 

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