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25/06/2025 |
July Tax Tips and News
Welcome to Sephton’s monthly newsletter. Here, you’ll find all our latest tax tips as well as the news that’s affecting our clients. If you scroll down the page, you’ll see you have access to the complete archive too. We’re committed to making sure our clients receive useful advice and support throughout the year.
If you need further assistance though, please get in touch using the details on the ‘contact’ page. We’re happy to help.
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| Inheritance tax break that could lure expats back to the UK |
| Changes introduced by Chancellor Rachel Reeves on April 6 mean Britons who have lived abroad for 10 years are no longer subject to UK inheritance tax on their global assets. Read More... |
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| The Government refuses to increase the annual Personal Allowance to £20,000 |
| Parliament debated a petition calling for the income tax threshold to be raised from £12,570 to £20,000 to allow people to keep more of their earnings. The petition, signed by over 250,000 people, was spearheaded by pensioner Alan Frost, who described it Read More... |
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| Reeves under pressure to create wealth tax |
| The financial pressures facing Chancellor Rachel Reeves continue to mount, particularly regarding a projected £57 billion shortfall in the country’s finances. Read More... |
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| Reeves urged to launch tax raid on landlords |
| Labour MPs and influential advisers are urging Chancellor Rachel Reeves to “launch a tax raid” on landlords as part of efforts to fill a fiscal gap without breaking the party’s manifesto commitment against increasing taxes on “working people”. Read More... |
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| July Questions and Answers |
| Q: I sometimes sell unwanted items online. Am I now liable to pay tax on any money I make? Read More... |
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| July Key Dates |
| 1st: Corporation Tax payments are due for companies with a year-end of 30th September. Read More... |
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| About Us |
Sephton Accountants are based in West Midlands, offering local business owners and individuals a wide range of services.
All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website sephton.co.uk for more information.
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Copyright © 2025 Sephton. All rights reserved.
Marston House
5 Elmdon Lane
Marston Green
Solihull B37 7DL
Sephton is a trading name of Sephton & Company LLP
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