Dunhams Accountants & Financial Planning

Dunhams Accountants & Financial Planning Welcome to Dunhams Accountants & Financial Planning. We provide expert advice to businesses of all sizes and in all kinds of sectors.

We are a team of highly experienced Manchester Based Chartered Accountants and Tax Consultants who can help you manage your business and grow your company. Talk to us and we will provide you with a unique plan to address all of your business's financial needs - outsourcing, accounts, payroll, auto enrolment, audit, business start-up, commercial advice, business planning, exit strategy, business sa

les and acquisitions, tax mitigation, financial advice, raising finance, funding options, grants, VAT planning, and business insurance.

Unused sales suppression tools can still trigger penaltiesRead the full article:- https://dunhamsaccountants.co.uk/2026/...
02/09/2026

Unused sales suppression tools can still trigger penalties
Read the full article:- https://dunhamsaccountants.co.uk/2026/unused-sales-suppression-tools-can-still-trigger-penalties/

HMRC has published a new compliance factsheet explaining the penalties that can apply where a business possesses an electronic sales suppression (ESS) tool, even if it has never actually been used to suppress a sale. What do you need to know?

Get More Help with Business Tax

The new compliance factsheet explains that ESS broadly involves software, hardware or other tools capable of hiding or reducing transactions recorded by an electronic till or point-of-sale system. HMRC says that “possession” is not limited to owning such a tool. It can also include having access to it, or attempting to access it.

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

MONTHLY FOCUS: TAX CONSIDERATIONS FOR BUY-TO-LET PROPERTYRead the full article:- https://dunhamsaccountants.co.uk/2026/m...
28/08/2026

MONTHLY FOCUS: TAX CONSIDERATIONS FOR BUY-TO-LET PROPERTY
Read the full article:- https://dunhamsaccountants.co.uk/2026/monthly-focus-tax-considerations-for-buy-to-let-property/

Running a letting business is a very popular option. However,
there have been a number of changes over the way that profits from property businesses are taxed in recent years. In this month's focus, we consider the tax considerations you need to keep in mind when buying property to let, and look at how the rental profits are calculated for tax purposes.

Page content:-
TAX IMPLICATIONS WHEN BUYING PROPERTY

CALCULATING THE TAXABLE PROFIT

RELIEF FOR MORTGAGE INTEREST AND OTHER COSTS OF FINANCING

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

Treatment of distributions under reviewRead the full article:- https://dunhamsaccountants.co.uk/2026/treatment-of-distri...
21/08/2026

Treatment of distributions under review
Read the full article:- https://dunhamsaccountants.co.uk/2026/treatment-of-distributions-under-review/


The government has launched a consultation on modernising
the tax treatment of distributions and repayments of
capital by companies. The proposals could affect the
distinction between dividends taxed as income and
capital payments subject to CGT.
What changes are being considered?

Find more Help with our Accounting Services

The current rules determine whether value extracted
from a company is treated as an income distribution
or a repayment of capital. This distinction can make
a significant difference to the tax payable by
shareholders, particularly where a payment qualifies
for CGT treatment rather than being taxed
as dividend income.

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

First MTD quarterly deadline arrivesRead the full article:- https://dunhamsaccountants.co.uk/2026/first-mtd-quarterly-de...
10/08/2026

First MTD quarterly deadline arrives
Read the full article:- https://dunhamsaccountants.co.uk/2026/first-mtd-quarterly-deadline-arrives/

DUNHAMS Manchester Accountants - First MTD quarterly deadline arrives
The first quarterly reporting deadline under Making Tax Digital for Income Tax (MTD IT) is 7 August 2026. HMRC has now confirmed what will happen to those who miss it, including when it will start sending reminder letters. What do you need to know?

Those who joined MTD IT from April 2026 and use standard quarterly reporting must submit their first quarterly update by 7 August. The submission covers the first quarter of the 2026/27 tax year and is made through compatible software.

HMRC’s latest software developer newsletter confirms that taxpayers who miss the deadline will receive a reminder letter, although these will not start to arrive until October 2026. Those who have opted for digital communications may also receive up to two reminder messages through HMRC’s online services.

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

HMRC targets landlords using third-party dataRead the full article:- https://dunhamsaccountants.co.uk/2026/hmrc-targets-...
04/08/2026

HMRC targets landlords using third-party data
Read the full article:- https://dunhamsaccountants.co.uk/2026/hmrc-targets-landlords-using-third-party-data/

HMRC has confirmed that it is using information received from third parties to identify landlords who may not have declared all of their rental income. The latest compliance campaign highlights the department’s increasing use of data matching to tackle errors and omissions. What should landlords do?

Get more Help with Our Accounting Services

According to HMRC, information obtained from a range of third-party sources is being used to identify landlords whose tax returns may not accurately reflect their property income. The data can include details provided by letting agents, local authorities and other organisations, allowing HMRC to compare information against tax returns already submitted.
Manchester Accountants - HMRC targets landlords using third-party data

Where discrepancies are identified, HMRC may write to landlords asking them to review their tax affairs or explain apparent differences. Although these letters do not constitute a formal enquiry, they are often the first step in a wider compliance exercise and should not be ignored.

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

Self-employed taxpayers warned over missing Class 2 NI creditsRead the full article:- https://dunhamsaccountants.co.uk/2...
30/07/2026

Self-employed taxpayers warned over missing Class 2 NI credits
Read the full article:- https://dunhamsaccountants.co.uk/2026/self-employed-taxpayers-warned-over-missing-class-2-ni-credits/

HMRC is warning some self-employed taxpayers to check their National Insurance (NI) records after an issue affecting Class 2 NI credits came to light. The problem could leave some individuals with gaps in their contribution record, potentially affecting their entitlement to the State Pension and other contributory benefits. What should you do?

Find more Help with Your Personal Tax

From 6 April 2024, most self-employed individuals no longer pay Class 2 NI. Instead, those with profits above the small profits threshold receive Class 2 NI credits automatically, preserving their entitlement to contributory benefits without the need to pay contributions.
DUNHAMS - Self-employed taxpayers warned over missing Class 2 NI credits

HMRC has identified an issue affecting some taxpayers whose records have not been updated correctly. As a result, they may not have received the Class 2 NI credits they were expecting, even though they satisfy the qualifying conditions.

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

VAT on electricity to be cutRead the full article:- https://dunhamsaccountants.co.uk/2026/vat-on-electricity-to-be-cut/ ...
23/07/2026

VAT on electricity to be cut
Read the full article:- https://dunhamsaccountants.co.uk/2026/vat-on-electricity-to-be-cut/

The new Prime Minister has announced a cut to the rate of VAT on electricity from 1 October. What’s the full story?

Find more help with our Accounting Services

Andy Burnham’s first tax policy has been announced. From 1 October to 31 March 2027, VAT will be cut from household electricity bills.
Dunhams - VAT on electricity to be cut

The policy is supposed to help with the cost of living, but in reality, will save an average household just £45.

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

MONTHLY FOCUS: PROVIDING FURTHER TAX-FREE BENEFITS TO EMPLOYEESRead the full article:- https://dunhamsaccountants.co.uk/...
14/07/2026

MONTHLY FOCUS: PROVIDING FURTHER TAX-FREE BENEFITS TO EMPLOYEES
Read the full article:- https://dunhamsaccountants.co.uk/2026/monthly-focus-providing-further-tax-free-benefits-to-employees/

In this further examination of tax and NI free benefits. Providing benefits that are exempt from income tax is a great way to reward employees in a tax-efficient way. Which benefits qualify for tax-free treatment?

page contents:
Home-to-work travel
Employer-provided equipment and Homeworkers
Incidental overnight expenses
Living accommodation
Long service awards
Medical check-ups and treatment
Meals
Mileage allowance payments and passenger payments

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

HMRC urges agents to review excepted estatesRead the full article:- https://dunhamsaccountants.co.uk/2026/hmrc-urges-age...
10/07/2026

HMRC urges agents to review excepted estates
Read the full article:- https://dunhamsaccountants.co.uk/2026/hmrc-urges-agents-to-review-excepted-estates/

HMRC is reminding tax agents to review inheritance tax (IHT) returns submitted for excepted estates following changes introduced from 1 January 2025. The warning follows concerns that some estates may have been incorrectly treated under the new rules. What should you check?

Get the Accounting Services to Enhance Your Business

The changes introduced from 1 January 2025 significantly widened the circumstances in which an estate can qualify as an excepted estate. As a result, many estates no longer require a full inheritance tax account to be submitted to HMRC.
Accountants Dunhams - HMRC urges agents to review excepted estates

Instead, personal representatives can provide the relevant information as part of the probate application. HMRC has now advised agents to review estates that have been administered under the revised rules to ensure they were correctly classified. An estate that is incorrectly treated as excepted could result in the wrong information being provided to HMRC or delays in the administration of the estate.

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

Address

11 Warwick Road Old Trafford
Manchester
M160QQ

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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