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Happy New Year from DTE

8 January 2016

We’d like to take this opportunity to wish all of our wonderful clients a massive happy new year! We hope you all had a fantastic festive period, celebrating Christmas and New Year. It’s such a wonderful time of year and a chance to rejuvenate and get refreshed after a year of hard work.

Unfortunately, this festive period was marred by the awful flooding that affected several parts of the UK and caused devastation to people’s homes and businesses. Those in York, Salford and closer to home in Bury, Ramsbottom, Rawtenstall and Rochdale were severely affected by the unexpected flooding. Luckily, our tax consultancy in Bury was not affected but some of our staff, clients and business acquaintances were not so lucky.

Now, as repairs, rebuilding and re-evaluating begins, HMRC has announced that those affected by the December floods, will not be expected to file their tax returns by the annual deadline (31st January) and will not be charged for the late return. It’s a great gesture by the government and a special helpline has even been set up for those affected.

HMRC have highlighted that victims of the flood could be delayed in returning their tax returns for a number of reasons such as a loss of documentation (whether that’s hard copies or computer files), no access to their business, and in some cases, their accountants’ premises being damaged. It’s also worth noting that tax payments might need to be adjusted if future earnings are affected as a result of flood damage.

If anyone affected by the floods need some advice or assistance please do not hesitate to contact our tax team in Bury here at DTE.

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