Latest news
Tax Advisers Criticise 'short-sighted' cuts in tax paperwork 08/09/2010
HM Revenue and Customs have announced that as part of the drive to save costs they plan to stop issuing copies to tax agents of some mail which is... [more about 'Tax Advisers Criticise 'short-sighted' cuts in tax paperwork']
PAYE mistakes highlight tax system 'complexity' 08/09/2010
HM Revenue and Customs' concession that upwards of six million people have either underpaid or overpaid their tax during the past two years is a sign that the current... [more about 'PAYE mistakes highlight tax system 'complexity'']
HM Revenue & Customs (HMRC) is warning taxpayers to be vigilant 08/09/2010
HM Revenue & Customs (HMRC) is warning taxpayers to be vigilant following reports that thieves are making phone calls pretending to be the taxman. Recent widespread publicity of errors... [more about 'HM Revenue & Customs (HMRC) is warning taxpayers to be vigilant ']
HM Revenue & Customs - Tax Demands 08/09/2010
You will have read in the press or seen on TV, comment that HM Revenue & Customs are sending out over the next few months regarding 1.4 million personal... [more about 'HM Revenue & Customs - Tax Demands']
Promotion for Alison! 07/09/2010
Alison Bailey who works at DTE has been promoted to HR Manager with immediate effect. Alison joined the company in 1994 and has recently completed a four year study... [more about 'Promotion for Alison!']
Debt Collection Agencies will be used by HMRC 10/08/2010
Debt Collection Agencies will be used by HM Revenue & Customs (HMRC) during 2010-11 to collect an additional £140m of tax debt. Contracts have been signed with: Commercial Collection... [more about 'Debt Collection Agencies will be used by HMRC']
IR35 Review May be Wide-Ranging 10/08/2010
The Office of Tax Simplification (OTS) may extend its review of the IR35 regime to include other aspects of the relationship between sole traders, firms and employment status. In... [more about 'IR35 Review May be Wide-Ranging']
Furnished Holiday Lets - Turn and TurnAbout!! 10/08/2010
Taxpayers could be excused for being bewildered as to the current state of the tax law regarding furnished holiday lets ("FHL") but hopefully the following notes will help. The... [more about 'Furnished Holiday Lets - Turn and TurnAbout!!']
HMRC Time Limits 09/08/2010
Legislation has been introduced by HM Revenue and Customs which puts in place a 4 year time limit for assessments and claims across most forms of taxation -... [more about 'HMRC Time Limits']
The Government launches a consultation on removing the requirement to annuitise by age 21/07/2010
Financial Secretary to the Treasury, Mark Hoban MP, announced on 15 July, the start of an 8 week consultation on removing the effective requirement to annuitise by age 75,... [more about 'The Government launches a consultation on removing the requirement to annuitise by age ']
Office of Tax Simplification 21/07/2010
The Chancellor George Osborne and Exchequer Secretary David Gauke today established the Office of Tax Simplification (OTS). The Chancellor has appointed a Board of tax experts who will... [more about 'Office of Tax Simplification']
Frequently asked questions on the closure of the cheque system 19/07/2010
Late last year the Payments Council, an industry body with responsibility for setting the strategy of UK payment systems, announced a provisional target date to close the Cheque and... [more about 'Frequently asked questions on the closure of the cheque system']
Prompt public sector payments should be shared with all suppliers 19/07/2010
A public sector commitment to settle invoices within 10 days is not finding its way down to smaller firms who operate as part of a supplier chain, a leading... [more about 'Prompt public sector payments should be shared with all suppliers']
The Chancellor launches the spending challenge - call for ideas 19/07/2010
On the 9th July, George Osborne called on the public to send him their very best ideas on how to get more for less from our public services. ... [more about 'The Chancellor launches the spending challenge - call for ideas']
Action to tackle unfunded spending commitments 12/07/2010
On 5th July 2010, the Chief Secretary to the Treasury announced that four Departments have agreed to reductions in unfunded spending commitments totalling £1.5bn. As set out in the... [more about 'Action to tackle unfunded spending commitments']
Electronic VAT Filing date reminder 12/07/2010
HM Revenue and Customs (HMRC) has reminded businesses of changes to the rules on VAT which mean that many must now file returns and make payments online. Under the... [more about 'Electronic VAT Filing date reminder']
Employer Provided Company Cars - changes from April 2011 01/07/2010
HM Revenue & Customs (HMRC) announced last year that from April 2009 employers no longer had to submit form P46 (Car) for replacement company car changes and that from... [more about 'Employer Provided Company Cars - changes from April 2011']
Hong Kong: Double Taxation Agreement signed 21 June 2010 01/07/2010
A first-time comprehensive Double Taxation Agreement between the United Kingdom and the Hong Kong Special Administrative Region of the People's Republic of China was signed in London on 21... [more about 'Hong Kong: Double Taxation Agreement signed 21 June 2010']
Impact of Emergency Budget - June 2010 29/06/2010
... [more about 'Impact of Emergency Budget - June 2010']
Emergency Budget Report 2010 23/06/2010
... [more about 'Emergency Budget Report 2010']
CGT change a 'risk' to employees and investment 16/06/2010
As many as 200,000 vital business investors could be affected by a significant rise in capital gains tax, the Institute of Directors (IoD) has claimed. Should the government go... [more about 'CGT change a 'risk' to employees and investment']
Social Enterprises to benefit from NWDA grant of £500,000 01/02/2010
A unique loan fund is set to help even more social enterprises in the region, thanks to a recently awarded grant of £500,000 from the Northwest Regional Development Agency... [more about 'Social Enterprises to benefit from NWDA grant of £500,000']
DTE Corporate Finance advise Leeds Trinity University College 12/01/2010
Leeds Trinity University College, a higher education institution based in Horsforth, Leeds, has been granted a £6m facility by Barclays Bank for use in developing its estate. Leeds... [more about 'DTE Corporate Finance advise Leeds Trinity University College']
Pies the limit as duo buy bakery businesses 12/01/2010
Two entrepreneurs with an established track record in the food industry have acquired the southern division of bakery business McCambridge Group Holdings Limited. The Manchester offices of DTE Corporate... [more about 'Pies the limit as duo buy bakery businesses']
Travellers Bringing Goods into the UK 06/01/2010
The value of goods that travellers can personally bring into the UK from a non-EU country, or receive through the post without needing to pay customs duty, has increased.... [more about 'Travellers Bringing Goods into the UK']
New HMRC Related Scam - "you have 1 new ALERT message" 06/01/2010
New HMRC related scam "You have 1 new ALERT message " An email from "HMRC Online services - test@test.com" is being issued, stating the recipient has... [more about 'New HMRC Related Scam - "you have 1 new ALERT message"']
HMRC Hidden Economy Group to Target £3bn a Year Tax Dodgers 06/01/2010
New ways to stop people from entering the hidden economy and to help people out of it will be examined by a newly formed group of experts. The... [more about 'HMRC Hidden Economy Group to Target £3bn a Year Tax Dodgers']
HMRC to Focus on National Minimum Wage in 2010 04/01/2010
The New Year will see a new team taking up the fight against rogue employers who refuse to pay their workers the National Minimum Wage. HM Revenue and... [more about 'HMRC to Focus on National Minimum Wage in 2010']
31 January Tax Return Deadline and Exceptions 04/01/2010
If you haven't sent in your tax return yet, you've missed the deadline for sending it in on paper and you must now send it online. You must send... [more about '31 January Tax Return Deadline and Exceptions']
Cross-border VAT Changes from 1 January 2010 23/12/2009
Changes to the Cross-border VAT rules represent a significant reform of the VAT regime applying to services and introduce important changes to the intra-EU reporting regime for goods. ... [more about 'Cross-border VAT Changes from 1 January 2010']
New PAYE Penalties explained 15/12/2009
The new PAYE penalties:- - will cover PAYE/NIC, CIS deductions, and student loan deductions; - will apply to all payments due for tax years 2010/11 onwards. Therefore will... [more about 'New PAYE Penalties explained']
Tax Free Income for Students 08/12/2009
As many full-time students prepare to find temporary work over the Christmas period, they may find that they are in line for tax free income. HM Revenue & Customs... [more about 'Tax Free Income for Students']
HMRC Reminder 07/12/2009
HM Revenue & Customs (HMRC) is issuing a reminder to anyone who hasn't yet submitted their 2008-09 Self Assessment tax return The 31 October deadline for... [more about 'HMRC Reminder']
HMRC and the New Disclosure Opportunity 07/12/2009
HM Revenue & Customs (HMRC) is giving taxpayers with offshore investments, more time to come forward under the New Disclosure Opportunity (NDO). The registration deadline has been moved from... [more about 'HMRC and the New Disclosure Opportunity']
Company Cars - advisory fuel rates from 1 December 2009 07/12/2009
These rates apply to all journeys on or after 1 December 2009 until further notice. After discussions with the relevant trade bodies, the month's notice previously given has... [more about 'Company Cars - advisory fuel rates from 1 December 2009']
Case Study - HMRC Undertake Enquiry 01/12/2009
HMRC had undertaken an enquiry into a business, but over 2½ years, the incumbent accountancy practice had found the Tax Inspector to be, at best, awkward in their dealings.... [more about 'Case Study - HMRC Undertake Enquiry']
Case Study - PAYE/NIC, Corporation Tax and VAT Arrears 01/12/2009
Over the previous 12 months, a client company ran up PAYE/NIC, corporation tax and VAT arrears amounting to nearly £350,000. The controlling director of the company had made various... [more about 'Case Study - PAYE/NIC, Corporation Tax and VAT Arrears']
HMRC Taking Steps to Ensure Customers who Invested in Keydata ISA ..... 01/12/2009
HM Revenue & Customs (HMRC) is taking steps to ensure that customers who invested in Keydata ISA products will not be out of pocket as a result of the... [more about 'HMRC Taking Steps to Ensure Customers who Invested in Keydata ISA .....']
Penalties for Late Payment of Employer and Contractor PAYE 01/12/2009
Penalties for late payment of PAYE from tax year 2010/11 From tax year 2010/11 HMRC may charge penalties if PAYE is paid late. This includes:- - Tax - National... [more about 'Penalties for Late Payment of Employer and Contractor PAYE']
Charity Donations 01/12/2009
DTE recently raised money for Children in Need. We hosted a Raffle Quiz, Choose a Pudsey competition and Guess Gary's Goal competition where we raised £365 ! We have... [more about 'Charity Donations']
DTE Update - Winter 2009 25/11/2009
Please see attached for the DTE Update Winter 2009.... [more about 'DTE Update - Winter 2009']
Self-Certification Mortgages 24/11/2009
It has recently been confirmed in the financial press that Self-Certification Mortgages will no longer be offered to new applicants. This type of mortgage allowed mainly self-employed people to... [more about 'Self-Certification Mortgages']
The Return of 90% Loan-to-Value Mortgages 24/11/2009
The Treasury has recently approved the return of 90% Loan-to-Value mortgages and there have been a few lenders coming forward offering competitive terms. These are for purchases as opposed... [more about 'The Return of 90% Loan-to-Value Mortgages ']
The UK's Financial Reporting Committee (FRC) - updated guidance for Directors of UK companies 23/11/2009
The UK's Financial Reporting Committee (FRC) has published updated Guidance for directors of UK companies to the assist them when making their assessment of going concern. Published: 15... [more about 'The UK's Financial Reporting Committee (FRC) - updated guidance for Directors of UK companies']
The Benefits of Submitting Your VAT Return Online 18/11/2009
From 1 April 2010 many VAT-registered businesses will have to switch from paper to online VAT Returns. From that date, if your turnover is on or over £100,000 -... [more about 'The Benefits of Submitting Your VAT Return Online']
Companies House Warning - "Office of Entrepreneur's Relief" 18/11/2009
Companies House have become aware that an organisation called Office of Entrepreneur's Relief (OER) may have been writing to customers implying that they are linked to the Government and... [more about 'Companies House Warning - "Office of Entrepreneur's Relief"']
Looking for Finance - NWDA can help 18/11/2009
The Northwest Regional Development Agency (NWDA) manages or funds a number of finance products aimed at helping businesses start up and expand. These include: Research & Development Grants A... [more about 'Looking for Finance - NWDA can help']
PAYE: 2008-09 Penalties for Outstanding P11D(b) Returns 11/11/2009
If you have not yet sent your 2008-09 form P11D(b) Annual Return of Class 1A National Insurance contributions you may receive a penalty. HM Revenue & Customs will start... [more about 'PAYE: 2008-09 Penalties for Outstanding P11D(b) Returns']
Pensioners 11/11/2009
Pensioners who've overpaid tax on their interest from savings could be eligible for a tax windfall, HM Revenue & Customs (HMRC) announced 9th November 2009 The possibility... [more about 'Pensioners']
VAT 11/11/2009
VAT: Return of standard rate to 17.5 per cent on 1 January 2010 - measures to help business 1. Special accounting arrangements for businesses operating beyond midnight on 31... [more about 'VAT']
Offshore Tax Dodgers 11/11/2009
Offshore tax dodgers are being warned they have one final chance to come clean, or face the consequences, in a hard-hitting YouTube video launched 3rd November 2009 by HM... [more about 'Offshore Tax Dodgers']
£3,000 Tax-Free ISA Boost for over 50s 02/11/2009
From 6 October 2009 savers aged 50 and over can now take advantage of a £3,000 increase in the tax-free ISA allowance, with the limits rising to £10,200 (up... [more about '£3,000 Tax-Free ISA Boost for over 50s']
Fraudulent Job Offers and Visa Scams 02/11/2009
Companies House is seeing an increase in the number of complaints and queries regarding apparent job offers in the UK. These include offers with Oil companies and the Banking,... [more about 'Fraudulent Job Offers and Visa Scams']
New Terms of the Government's Scrappage Scheme 02/11/2009
From October 22 the new terms of the Government's scrappage scheme came into force providing an extra boost to the car industry and consumers. In September it was announced... [more about 'New Terms of the Government's Scrappage Scheme']
Swine Flu - Self-Certification and Statutory Sick Pay (SSP) 26/10/2009
Under existing rules, employees can self-certify for the first seven days of their illness. Employers cannot ask for medical evidence (including medical certificates) during the first seven days of... [more about 'Swine Flu - Self-Certification and Statutory Sick Pay (SSP)']
Royal Mail Industrial Action and the 31 October Self-Assessment Deadline for Paper Tax Returns 26/10/2009
If you still plan to post your Self Assessment tax return, please make sure you allow plenty of time for it to reach HM Revenue & Customs (HMRC)... [more about 'Royal Mail Industrial Action and the 31 October Self-Assessment Deadline for Paper Tax Returns']
HMRC Related Scam Examples 26/10/2009
Notice of Underreported Income - 12 October 2009 An email from no-reply@hmrc.gov.uk entitled 'Notice of Underreported Income' is currently being circulated. The email links to a fake HMRC website... [more about 'HMRC Related Scam Examples']
The New Disclosure Opportunity - An Outline 21/10/2009
Key Dates 30 November 2009 - to notify HMRC of intention to make a disclosure 31 January 2010 - to disclose on paper using HMRC forms 12 March 2010... [more about 'The New Disclosure Opportunity - An Outline ']
Planning for the "Super Tax" 14/10/2009
Income tax changes in this year's Budget for high earners mean that planning options have to be reviewed before they come into effect on 6 April 2010. A brief... [more about 'Planning for the "Super Tax"']
Use of Home as Office 14/10/2009
For a self employed individual, where part of the home is used by their business, they may be able to claim a deduction for the costs relating to that... [more about 'Use of Home as Office']
New 50% Tax Rate - are you prepared? 14/10/2009
The new personal income tax rate of 50% for those people with annual income in excess of £150,000 is effective from 6 April 2010, less than 6 months away.... [more about 'New 50% Tax Rate - are you prepared?']
National Minimum Wage Increase 13/10/2009
The national minimum wage has been increased from 1 October 2009, as follows:- Main Rate - Aged 22 and over:New: £5.80 per hour Previous: £5.73 per hour Development Rate... [more about 'National Minimum Wage Increase']
HMRC Investigations - free professional fee insurance 13/10/2009
HMRC are continuing to target businesses in the pursuit of raising additional TAX, VAT and National Insurance Contributions. The professional costs of dealing with these investigations can be significant,... [more about 'HMRC Investigations - free professional fee insurance']
Key Tax Dates 13/10/2009
22 October 2009 - deadline for payment of any PAYE Settlement Agreement for year ended 5 April 2009 31 October 2009 - deadline for submission of paper Self... [more about 'Key Tax Dates']
The Times are Changing - new HMRC time limits 12/10/2009
A number of long established time limits are in the process of changing. For VAT purposes the three year time limit is currently being extended to four years. This... [more about 'The Times are Changing - new HMRC time limits']
Multi Million Pound Investment into Northwest Construction Industry 12/10/2009
Construction businesses across England's Northwest will benefit from a new £6 million 'knowledge hub' aimed at honing the region's competitiveness, increasing productivity and helping them respond to the threats... [more about 'Multi Million Pound Investment into Northwest Construction Industry']
Dividends - make sure you comply 12/10/2009
Dividends do not attract national insurance contributions and whilst tax is due it is not collectable via the PAYE system but via an entry on the recipient's self assessment... [more about 'Dividends - make sure you comply']
VAT Partial Exemption 07/10/2009
Businesses are reminded that certain relaxations to the VAT Partial Exemption Rules have been introduced for VAT returns commencing on or after 1 April 2009 as follows:-A provisional input... [more about 'VAT Partial Exemption']
Graduates Given a Flying Start 07/10/2009
Graduates thinking about starting their own business will get a flying start, as successful entrepreneurs offer advice to help them make it happen. Minister for Higher Education, David Lammy,... [more about 'Graduates Given a Flying Start']
VAT Online Payments and Filing 07/10/2009
HM Revenue & Customs (HMRC) plan to phase out the use of paper VAT Returns from 1 April 2010, when businesses with an annual turnover of £100,000 or more... [more about 'VAT Online Payments and Filing']
Exam Congratulations 07/10/2009
Tim Cook and Colin Lees are both now Qualified Chartered Accountants, having passed all their exams.... [more about 'Exam Congratulations']
New Disclosure Opportunity (NDO) - Offshore Bank Accounts Amnesty 30/09/2009
HM Revenue and Customs are marketing the NDO (what little marketing there has been) as a last chance to come clean about undisclosed offshore income and gains. HMRC are... [more about 'New Disclosure Opportunity (NDO) - Offshore Bank Accounts Amnesty']
Use of home as office - recent guidance 29/09/2009
HM Revenue have recently issued guidance on what it believes will constitute a valid claim for use of home as office by the self employed. Relevant expenditure is divided... [more about 'Use of home as office - recent guidance']
HMRC Attack Hospital Consultants Mileage Claims 29/09/2009
Following some success in East Kilbride Tax Office, HMRC are extending a pilot scheme across the UK. This involves targeting self employed hospital consultant's motor expense claims. Under attack... [more about 'HMRC Attack Hospital Consultants Mileage Claims']
Company Cars: Time to buy cars from your own company? 28/09/2009
With the depressed market for second hand cars now may be an ideal time for certain individuals to give up their company cars and avoid the associated benefit in... [more about 'Company Cars: Time to buy cars from your own company?']
Extra Statutory Concession C16 under review 28/09/2009
ESC C16 enables a solvent company to make payments to shareholders prior to company dissolution and to have these payments treated as capital rather than income so as to... [more about 'Extra Statutory Concession C16 under review']
Reimbursement of business mileage - advisory fuel rates 28/09/2009
HMRC have changed the advisory fuel rates for company cars with effect for journeys on or after 1 July 2009. These rates apply where cars are provided by... [more about 'Reimbursement of business mileage - advisory fuel rates']
Tax Free Cash 28/09/2009
From 1 October 2008, the Companies Act 2006 has introduced a new simplified procedure for private companies to reduce their share capital. Previously, companies had to apply to Court... [more about 'Tax Free Cash']
DTE Champions the Small Business 02/07/2009
Launch of Small Business Unit to bring national firm expertise to small businesses Chartered Accountancy firm DTE is set to professionalise bookkeeping and accountancy services for small businesses in... [more about 'DTE Champions the Small Business']
DTE Corporate Finance advises deal for Wilman to buy Nono 08/01/2009
DTE Corporate Finance advised on the following transaction: Burnley-based Wilman Interiors, a supplier of fabrics and wall coverings, has agreed a deal to take over Knutsford-based interior designer Nono... [more about 'DTE Corporate Finance advises deal for Wilman to buy Nono']
