Online side hustlers to feel HMRC’s wrath? HMRC will soon start to receive information about the money people make on online selling platforms such as TikTok and Etsy. This has led to panic about a new “side hustle” tax. Who will be affected? Despite the sensational headlines, no new taxes have been introduced. In fact, ... Read More
Child benefit goes digital Child benefit payments take up to 16 weeks to commence. Now, HMRC has launched an online claim service for new parents which it says will take ten minutes to complete, and as little as three days for payments to arrive. What will you need to use the new service? HMRC has ... Read More
Changes to VAT zero rating imminent – Dunhams News Blogs HMRC has announced an extension to the materials qualifying for the VAT zero rate from 1 February 2024. What’s the full story? The government often uses tax policy to encourage the use of energy efficient/otherwise environmentally friendly technologies. Currently, the purchase of certain energy-saving materials ... Read More
Taxpayer uses AI to argue against penalty One taxpayer recently decided to use AI to generate a defence against an HMRC penalty. How did things turn out for her? Mrs Harber (H) received a penalty from HMRC for failing to notify a capital gains tax liability. She appealed to the First-tier Tribunal on the grounds ... Read More
Criteria for self-assessment are changing Historically, you may have had to file a tax return if your income exceeded the point where the personal allowance starts to be tapered away. This has changed for 2023/24. However, the Autumn Statement also made a further change that will apply from 2024/25. What’s the full story? If your ... Read More
Latest advisory fuel rates published The HMRC-approved amount that employers can reimburse staff for business travel in company cars changes from 1 December 2023. What are the new rates? The advisory fuel rates published by HMRC set fixed amounts that can be paid to an employee using a company car for business mileage, without income ... Read More
Largest increase to the minimum wage announced The government has announced substantial increases to the national living wage (NLW) and national minimum wage (NMW) rates from 1 April 2024, and a key change for workers aged 21 and 22. What are the new rates going to be and what is the key change? If you ... Read More
The Autumn Statement 2023 On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits. Table ... Read More
All Budget dates now confirmed As well as the main Budget, which is next week, the Scottish and Welsh governments have now confirmed when their devolved equivalents will be published. What do you need to know? The UK Autumn Budget takes place on 22 November – next Wednesday. Of course, this makes draft legislation that ... Read More
How much input tax to claim on mileage payments to staff? – Dunhams News Blogs You pay a mileage rate to staff who use their private cars for business trips. How much input tax can you claim on these payments and what records must your employees submit with their expenses claim? Tax-free mileage rates HMRC ... Read More
Scroll to Top
Add Dunhams Chartered Accountants Manchester to your Homescreen!
