Welcome to the Cowley Holmes Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman. If you need further assistance just let us know or send us a question for our Question and Answer Section. We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year. Please contact us for advice on your own specific circumstances. We’re here to help!
Government climbdown on inheritance tax for family firms
Chancellor Rachel Reeves recently reversed part of a planned inheritance tax change affecting family-owned businesses and farms. Read More...
Government rejects call to raise pensioners' tax-free allowance
A petition asked the Government to create a new tax code for people over state pension age and raise their personal allowance to £25,140. Read More...
Surge in Cash ISA Deposits
Savers rushed to deposit money into cash ISAs in October, driven by speculation that the annual allowance might be cut. £4.2 bn was added in October - a 75% increase from September's £2.4 bn.< Read More...
Claims that the Chancellor's U-turns cost £3bn of headroom
Chancellor Rachel Reeves is reported to have already used up to £3bn of the £22bn fiscal headroom she set out in her November Budget. The spending is linked to a series of U-turns and concessions made since the Budget was announced. Read More...
February Questions and Answers
Q: I’m close to going over the capital gains tax limit. How can I avoid a bill? Read More...
February Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 30th April Read More...
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