Tax Tips Newsletter

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01/01/2023

January Tax Tips & News

Welcome to the Davies Tracey Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman.

If you need further assistance just let us know or send us a question for our Question and Answer Section.

We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Claiming employment related expenses
There is a very limited range of expenses that employees can claim, but these can include the flat rate deduction (£6 per week) for working from home, if you are required to work from home, have no alternative place to work at, and your employer Read More...
 
Beware of electronic sales suppression
Electronic sales suppression (ESS) is the use of software or hardware tools to manipulate the sales recorded by an electronic point of sale (EPOS) device Read More...
 
VAT late filing penalties
VAT registered businesses must now use MTD-compatible software to file VAT returns, as the old online form where you typed in your VAT figures Read More...
 
Late VAT payments and interest
The new penalty regime for late payment of VAT is fairer to those who miss the VAT payment deadline Read More...
 
January Questions and Answers
We hire casual labour to work alongside our permanent staff over busy periods such as Christmas. If an individual works only one shift and earns say £90, do we need to add that person to the payroll to process Read More...
 
January Key Tax Dates
Two new VAT penalty regimes, for late payment and late filing, come into effect for VAT periods beginning on and after Read More...
 
About Us

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Based in the Tees Valley, supporting clients in the northern region and beyond, our team delivers everything you would expect from first-class accountants. Our services aim to help our business clients to achieve greater profitability, and our individual clients to enjoy greater wealth.

 
 

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