MONTHLY FOCUS: INTRODUCING R35 The rules known as IR35 are complicated in practice. In this Monthy Focus, we introduce the rules and explain the contractual factors HMRC will look at when considering whether they apply to a particular engagement. Page Content:- 1. IR35, what is it and how does it affect tax and NI? What ... Read More
Scammers already targeting pensioners over winter fuel payments hishing attacks are already being sent to pensioners purporting to be from the Department for Work and Pensions (DWP). What’s going on and how can you avoid becoming a victim? Last week we reported on the government’s announcement on winter fuel payments for 2025/26. According to a ... Read More
Winter fuel payments to be clawed back via tax system A government U-turn on the winter fuel payment was announced this week, with a new means-tested threshold. How will this work in practice? Get the Help you Need. see our Personal Tax Services. Recent weeks have been rife with speculation that the government would announce ... Read More
The benefits of AI training Corndel’s 2025 Workplace Training Report has revealed that only 39% of employees have received AI training from their employers. What are the benefits of training your staff in the use of AI in the workplace? For more Help Managing your Business see our Accounting Services. It’s likely that many of ... Read More
Is it a fix? HMRC’s updated employment status tool HMRC has revamped its “check employment status for tax” tool (CEST) and amended its guidance. What’s new and is it any better than the previous version at deciding on a worker’s employment status? Why is status important? For many years HMRC has targeted workers who provide ... Read More
New PAYE procedure being overlooked If you pay foreign employees or those who work abroad, you might need to take steps immediately because of new tax rules. What’s the full story? Accountancy and tax organisations are warning employers that they are at risk of falling foul of HMRC if they don’t follow the new tax ... Read More
What’s a trivial benefit worth to employers? The tax and NI exemption for trivial benefits is much misunderstood, but nonetheless very useful to employers. When can you use it, what are its advantages and are there any pitfalls to watch out for? What’s a trivial benefit? As the name implies, a trivial benefit in kind ... Read More
MONTHLY FOCUS: CGT RELIEF FOR SHARE DISPOSALS Business asset disposal relief is available where businesses are sold, but can also apply to the disposal of company shares and, in some circumstances, assets used by the company. What are the rules? Page Content:- Shareholders Assets used by companies Shareholders How does BADR apply to shareholders? There ... Read More
Further relaxation of self-assessment thresholds announced The government has announced changes to the threshold at which some taxpayers need to complete a tax return. What’s the full story? Self-assessment The criteria for the requirement for self-assessment varies between different types of taxpayer. Previously, self-employed traders have enjoyed a turnover threshold of £1,000 with no requirement ... Read More
One-person companies and the employment allowance The NI employment allowance has increased from £5,000 to £10,500. The bad news is that companies with only one person who’s also a director on their payroll aren’t entitled to it. How can they qualify with just one simple low-cost step? What’s the employment allowance? The employment allowance (EA) ... Read More
Scroll to Top
Add Dunhams Chartered Accountants Manchester to your Homescreen!
