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24/06/2025

July Tax Tips & News

Welcome to the Derek Young & Co, 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!

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...

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...

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...

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...

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...

July Key Dates

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

About Us

Derek Young & Co Accountants are based in Redditch, offering local business owners and individuals a wide range of services.

Please visit our website derekyoung.co.uk for more information.

Estate House 144 Evesham Street Redditch Worcestershire B97 4HP

Derek Young & Co is a trading name of Derek Young & Co Accountants LLP