Tax return deadline – are you ready? The deadline for submitting your self-assessment tax return on paper for 2023/24 is a few weeks away. If you can’t meet it, what steps can you take to escape a fine? If you prefer to fill in your tax return on paper, you have until midnight on 31 October 2024 ... Read More
MONTHLY FOCUS: PLANNING FOR THE END OF THE FHL REGIME Page content:- Introduction Capital Allowances Unrelieved Losses CGT Reliefs Planning Ahead If you let holiday accommodation, you are probably aware that the tax advantages for “furnished holiday lettings” (FHLs) are going to end in April 2025. This Monthly Focus covers all of the transitional rules and ... Read More
Workaround for botched HMRC student loan repayment calculations – HMRC systems cannot differentiate between certain types of income which could lead to an overpayment of student loan deductions. What’s the solution? If you make student loan repayments and you’re also within the self-assessment regime, you’ll be aware that any student loan repayments due on additional ... Read More
EIS and VCT extended for ten years Two popular investment incentives offering a number of tax breaks were due to expire in 2025. However, the government has announced that they will be extended. What’s the full story? Shares in qualifying companies must be issued before a certain date, known as the sunset date, in order ... Read More
Small Business Car Fuel Rates. Big Business Company Car Drivers. Latest advisory fuel rates for company car drivers The amount that employees can be reimbursed for business travel in company cars changed from 1 September 2024. What are the new rates? Advisory fuel rates for company cars are updated by HMRC on a quarterly basis ... Read More
MONTHLY FOCUS: COMMENCEMENT AND FORMING A VAT GROUP Page Content:- Commencing a business Recovery of input tax Administration Particular situations Groups AT is complex. However, there are particular considerations in certain business situations. What special rules apply on commencement of a business, and when forming a VAT group? 1. Commencing a business Special VAT rules apply on ... Read More
Small Business? don’t get hit by unpaid tax. Unexpected Big Business may owe tax. Unpaid tax from cryptocurrency transactions targeted HMRC is writing to individuals who may need to pay tax on the disposal of cryptoassets such as Bitcoin. Why might tax be due and what should you do if you receive a letter? HMRC ... Read More
Late payment interest to fall for first time in four years Late payment interest rates on underpaid taxes will soon decrease due to the recent reduction in the Bank of England’s base rate. What are the new charges? From 12 August 2024 the following rates will apply: From 20 August, the rates for other taxes ... Read More
Through our strategic partnership with Swoop, Dunhams are here to help you unlock the best funding and savings options available. The benefits our clients can gain from our partnership include; Through this collaboration we can offer a seamless funding application as we understand our clients their business and their combined requirements. Please reach out on ... Read More
Small business help with VAT Tool. Enterprises get VAT Partners Accounting Assistance. New online VAT registration tool New online tool has been launched to help businesses understand the impact of being VAT registered. What’s the full story? If you want more help see out VAT Services The latest interactive tool has been introduced by HMRC ... Read More
Scroll to Top
Add Dunhams Chartered Accountants Manchester to your Homescreen!
