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Salhan Accountants Newswire
December 2024

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

 

Press Releases

 
Editors Choice Award – CEO insights
 

We are delighted to announce that Dr. Anjulika Salhan has been selected to receive the Editor’s Choice award from CEO Insights (visit them at https://www.ceoinsightsindia.com). This award recognizes outstanding leaders who have demonstrated innovation and excellence across several key parameters while delivering high levels of customer satisfaction. It is an annual distinction that showcases the… Read more…

 
PA Chartered Accountants acquired by Salhan Accountants
 

Salhan Accountants are delighted to announce the acquisition of PA Chartered Accountants and we warmly welcome Paul and all the clients he brings with him. PA Chartered Accountants, which has been led by Paul Alton, has a strong client base in the Midlands and offered an advisory service to families and businesses and a consultancy… Read more…

 
Launch of Xpert Training
 

We excited to announce today the launch of Xpert Training – https://xpert-training.xyz/ With the economy suffering, the job market has never been so competitive. Potential employees need to stand out from the crowd if they hope to secure a position. Alternatively, many individuals are turning to self-employment, creating their own position. With this in mind,… Read more…

 

Business News

 
Advisory fuel rates for company cars
 

New company car advisory fuel rates have been published and took effect from 1 December 2024. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or… Read more…

 
HMRC late payment interest cut
 

HMRC has reduced late payment and repayment interest rates following the cut to the base rate. The Bank of England cut the base rate to 4.75% on 7 November, the second reduction this year. This has triggered a cut in HMRC interest rates which are pegged to the base rate. From 26 November, the late… Read more…

 
Scams warning as self assessment deadline looms
 

HMRC is warning of scam attempts targeting self assessment taxpayers in the run up to the 31 January deadline. Last year, concerned taxpayers reported nearly 150,000 scam referrals to HMRC. Around half of all scam reports in the last year were fake tax rebate claims, says the tax authority. There has been a 16.7% increase… Read more…

 
Employer NICs rise may have unforeseen consequences
 

The extra costs of the increase in employers’ NICs could cause businesses to respond in ways the government did not intend, the Chartered Institute of Taxation (CIOT) has warned. At the Autumn Budget, Chancellor Rachel Reeves announced an increase to the rate of employer NICs by 1.2 percentage points, to 15% from 6 April 2025.… Read more…

 
Business frustrated at halt in rollout of digital trade platform
 

Import and export businesses are frustrated by the government’s decision to pause work on the digital trade platform, according to the Institute of Directors (IoD). When fully operational, the Single Trade Window will provide a gateway between businesses and UK border processes and systems, allowing users to meet their import, export and transit obligations by… Read more…

 
No tax changes for online sellers
 

People selling unwanted items online can continue to do so without any new tax obligations, HMRC has confirmed. The reminder comes as online platforms start sharing sales data with HMRC from January 2025 – a new process that, when announced last year, generated inaccurate claims that a new tax was being introduced. But whether selling… Read more…

 
HMRC warns landlords to disclose earnings
 

HMRC has warned landlords to disclose their earnings on self assessment tax returns. The tax authority has clarified the guidance on who can participate in the Let Property Campaign, which is targeted at landlords who owe tax through letting out residential property in the UK or abroad. Landlords can report previously undisclosed taxes on rental… Read more…

 
Permanent business rate cut for high street on the way
 

The government has published draft legislation to permanently cut business rates for retail, hospitality and leisure properties from 2026. The tax cut will be funded by a tax rise for the very largest business properties, such as online sales warehouses, the government added. Until then, 250,000 retail, hospitality and leisure (RHL) properties will receive 40%… Read more…

 

Key Dates

19 February 2019 – Deadline for postal payments remittance of PAYE, NICs and CIS to HMRC.

22 February 2019 – Deadline for electronic remittance of PAYE, NICs and CIS to HMRC.

1 March 2019 – New Advisory Fuel Rates (AFR) applies for company car users.

Payments of PAYE and NI must reach HMRC by the 19th of the month following the tax month in which the salary payment was made if paying by cheque, or by the 22nd of the month if paying electronically. Please note that if the 19th or 22nd falls on a weekend or bank holiday, payment must reach HMRC on the last working day before the weekend or holiday.

 

Winner of Midlands Accountancy Firm of the Year 2014
 

Birmingham Office: 3rd floor, 54 Hagley Road, Edgbaston, Birmingham, B16 8PE
T: 0121 455 7475 or 0121 794 0620

Droitwich Office: 5 Victoria Square, Droitwich WR9 8DF | T: 01905 953005

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