Deans Forensic Accounting

In the Budget it was announced that the rates of Capital Gains Tax

As part of the Autumn Budget measures the Chancellor announced that the duty rates on tobacco products were increased by 2% above the rate of inflation

As had been widely predicted, the Chancellor announced increases to the rate of National Insurance contributions

In the Autumn Budget, the Chancellor had been widely expected to increase fuel duty rates. However, in a surprise announcement she extended the fuel duty cut for a further 12 months to help support households and businesses. A tax cut estimated to be worth £3 billion. #Budget #FuelDuty

The Chancellor of the Exchequer, Rachel Reeves announced significant increases to the Minimum Wage rates on the eve of the Budget. The Chancellor confirmed that the government has accepted in full the proposals of the Low Pay Commission

Hot on the heels of our budget event at The Moat House on 30 October 2024 please click here to access our budget summary.

If you have submitted a self-assessment return and later realise you need to make changes, there are specific rules to follow. This situation might arise if, for instance, you entered a number incorrectly or omitted certain information from your self-assessment return. #SelfAssessmentUpdate #TaxReturnAmendment #HMRC

The VAT treatment of motor expenses is an important concern for any business that incurs VAT on these costs. Below, we highlight key points to consider regarding the recovery of input tax

There are specific customs requirements for commercial goods that you take with you to sell abroad. You must declare any goods intended for sale outside the UK, whether they are in your baggage or a private vehicle. #ExportRules #CustomsDeclarations #GoodsInBaggage

There are specific rules that restrict changing a company’s year-end date, also known as the "accounting reference date". Initially, this is based on the date of incorporation. Under certain conditions, it’s possible to adjust the accounting year-end, which may offer trading or tax advantages for some businesses. #AccountingTips #CompanyYearEnd #TaxPlanningAdvice