Mitigating the NI rise The higher NI rates for 2022/23 will mean an employee on the average wage will pay around £230 per year more compared to 2021/22 and the employer will face a similar increase. How can they both legitimately reduce or avoid this extra cost? NI rise confirmed The government has committed to ... Read More
Spring Statement 2022 – Introduction Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices for households and businesses. The ... Read More
New reporting requirement for FRS businesses HMRC’s latest Business Brief sets out the new rules which will apply for VAT return periods commencing on or after 1 June 2022. The change is needed to correct HMRC’s previous guidance regarding FRS-registered businesses that used postponed accounting for imports rather than paying VAT at the point ... Read More
HMRC provides further detail on late filing reprieve At the start of January 2022, HMRC announced an extension to the tax return penalty trigger dates. It’s now released further details concerning agents delayed due to COVID, partnership returns and more. What do you need to know? Agents. Many taxpayers use accountants or tax advisors (collectively ... Read More
Greater Manchester Clean Air Zone and Financial Support Scheme Financial Support Scheme Find out more Is My Vehicle in the Zone? Find out more Vehicle Funding Checker Find out more The Clean Air Zone To find our more visit the Clean Air GM website The Greater Manchester-wide charging Clean Air Zone is due to be ... Read More
Update from HMRC Dear customer, I am writing to tell you the government has announced additional economic support to help businesses most affected by the Omicron variant of coronavirus: • businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per premises, and more than £100 ... Read More
A Merry Christmas from all of us here at Dunhams Office Opening times Our offices will be closed from Thursday 23rd December through to Tuesday January 4th 2022 Only limited email access during this period
HMRC issues warning to those filing tax returns December and January are always the busiest months for tax return filing. HMRC has recently issued a warning about self-assessment scams, including phishing emails and texts. How can people avoid getting caught? Filing tax returns HMRC occasionally contacts taxpayers to warn them to be vigilant about potential ... Read More
HMRC issues urgent warning to SEISS grant recipients Enforcement surrounding Self-Employment Income Support Scheme (SEISS) grants is being stepped up. HMRC is now writing to some businesses insisting that they take certain steps within 30 days – or repay the amounts received. What’s going on? The SEISS was set up to help sole traders and ... Read More
The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality. Autumn Budget 2021 – Introductions Main Budget proposals Tax measures include: a new temporary business rates relief in England for eligible retail, hospitality ... Read More
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