Tax, Tips and News

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28/08/2025

September Tax, Tips and News

Welcome to the GOLDWYNS Tax, Tips and 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!
A new '10p tax' suggested to the Chancellor... by a billionaire
John Caudwell, billionaire and Phones 4u founder, has urged Chancellor Rachel Reeves to introduce a 10p per litre tax on petrol and diesel. Read More...

Revealed - UK's biggest deliberate tax defaulters
HMRC has named over 4,000 deliberate tax defaulters since 2015, collectively owing more than £1.5 billion. These individuals or firms were penalised for deliberate errors in tax returns or failing to meet tax obligations. Read More...

Chancellor considers a new property tax to replace stamp duty
Chancellor Rachel Reeves is exploring a new proportional property tax targeting homes worth over £500k. This would replace stamp duty for owner-occupied homes, but not for second homes. The tax would be paid upon sale, with rates set by central government Read More...

Car tax update sees a 400% hike in costs for some
Since April 2025, HMRC has reclassified double cab pick-up trucks as cars rather than commercial vehicles. Previously, pick-ups with payloads over 1,000kg were taxed as commercial vehicles, allowing drivers to pay a fixed Benefit-in-Kind (BiK) rate - rega Read More...

September Questions and Answers
Q: My teenage child has a summer job this year. As they are under 18, do they need to worry about tax on what they earn? Read More...

September Key Dates
1st: Corporation Tax payments are due for companies with a year-end of 30th November. Read More...

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