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Tax
Employment Related Securities (ERS): What you need to know before the 6 July deadline
3rd June 2025
If your business has employees, directors, or even subcontractors who have acquired shares, options, or other types of securities, you may need to submit an Employment Related Securities (ERS) return to HMRC. With the filing deadline of 6 July 2025...
Tax
Why inheritance tax (IHT) planning is more important than ever
15th May 2025
HM Revenue and Customs (HMRC) recently revealed that Inheritance Tax (IHT) receipts reached an all-time high of £8.2 billion between April 2024 - March 2025, a significant increase of 10.8% compared to the previous year. This rise in IHT receipts...
Tax
The Spring Statement 2025
27th March 2025
Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses...
Tax
2024/25 year end tax planning guide
13th March 2025
As the end of the 2024/25 tax year approaches, it’s important to review your financial position and take advantage of available tax reliefs before new rules take effect. In this guide, Rowleys’ Tax Team share some key areas to consider...
Tax
Tax changes for double cab pick-ups: What you need to do to prepare
7th March 2025
From April 2025, changes to the way double cab pick-up trucks are taxed will come into effect. With end-of-year tax planning underway, it's essential to understand how these changes could affect your tax liabilities and business investment decisions for the...
Tax
Understanding tax exemptions for Christmas parties and trivial benefits
11th December 2024
As the holiday season approaches, many businesses are preparing to celebrate with festive parties and gifts. While these are a great way to reward your team, it’s important to be aware of the tax rules to ensure compliance and avoid...
Tax
Rowleys’ Budget event highlights evolving business confidence
21st November 2024
On Monday 4th November, Rowleys hosted an insightful Budget event as part of the Leicester Business Festival, attended by over 60 businesses from across the East Midlands. This event came on the heels of the first Budget announced by the...
Tax
Autumn Budget – October 2024
31st October 2024
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Billions in tax rises Ms Reeves said the Budget will raise £40 billion in taxes. Employers’...
Tax
How companies can reduce their tax burden: Key considerations
23rd September 2024
With directors now facing tax bills that are 6% higher than previously, and with the Labour Party intending to maintain this rate, businesses need to take a proactive approach to tax planning. Rowleys Tax Partner, Clare Clifford, shares some key...
Tax
Predictions for the October 2024 Budget: Insights from Rowleys’ Tax experts
18th September 2024
As the Labour Party solidifies its position as the UK government, anticipation is growing around its first major fiscal event. On 30th October 2024, Labour will unveil its much-anticipated Budget, a pivotal moment for individuals and businesses across the country....
Tax
Inheritance Tax (IHT): An overview
26th July 2024
Inheritance Tax (IHT) is a tax on the estate (the property, money, and possessions) of someone who has died. Here, we provide an overview of the key elements of IHT, including the basics, thresholds, exemptions, reliefs, planning strategies and insights...
Tax
Navigating tax changes under Labour: What can we expect?
23rd July 2024
Following the general election on July 4th, which resulted in a Labour victory, it’s highly likely that we can expect some tax changes in the coming months. The Labour manifesto included several key points that could, if implemented, have an...
Tax
Employee share schemes: What are they and what are the benefits?
30th May 2024
Employee share schemes are a powerful tool for awarding equity to your employees, offering a strategic way to incentivise and retain key staff crucial to your business's success. These schemes not only motivate employees but also help engage the next...
Tax
Spring Budget – March 2024
7th March 2024
Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. Lowering taxes The Chancellor made further changes to National Insurance contributions (NICs),...
Tax
2024 Budget predictions: Insights from our tax experts
20th February 2024
As the Budget announcement on March 6 approaches, speculation is rife about the fiscal measures the government will unveil to steer the economy forward. At Rowleys, our tax team has been reviewing the current economic and political landscape to provide...
Tax
2023-2024 Year End Tax Planning Guide
15th February 2024
With just over a month to go before the end of the tax year, now is a good time to review your finances and ensure you are taking maximum advantage of any available tax allowances and reliefs. From 6 April 2024,...
Tax
Research & Development (R&D): Forthcoming changes
17th January 2024
Change is on the horizon for Research and Development (R&D) tax credits. With the R&D Merged Scheme, set to kick in from April 2024, promising a simpler, more consolidated process. Other changes include the introduction of the R&D Intensive Scheme,...
Tax
HMRC clamps down on ‘side hustle tax’ for online sellers
10th January 2024
HM Revenue and Customs (HMRC) will be cracking down on online sellers who are deemed to be ‘trading’. From the start of this year, various digital platforms, including Vinted and eBay, must share information with HMRC to identify individuals who...
Tax
2023 Autumn Statement
23rd November 2023
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National...
Tax
Autumn Statement 2023 predictions
16th November 2023
On Wednesday 22 November, the Chancellor, Jeremy Hunt, will deliver the Autumn Statement 2023, where he will set out the Government’s tax and spending plans, and share a fiscal forecast. Here, we share an overview of our key predictions. Setting...
