Moore Accountancy Update

Moore Accountancy December 2022 Newsletter
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The Moore Accountancy team wish you a Merry Christmas and a Happy New Year!

Welcome to our last update for 2022. 
It's been another busy year at Moore Accountancy, and plans are for that to continue next year with the MTD for Income Tax project and potential changes to the various software we use within the business.

We are looking forward to spending the Christmas break with our families, and hope that you are able to do something similar too.

We will be closing the office from Thursday 22/12/22 and reopening on Wednesday 04/01/23 so that the team can spend quality time with their families.
If we provide your business with Payroll or VAT services, you will receive emails from Poonam confirming deadlines and cut off dates.

Moore Accountancy continue with hybrid working, as it works with the team dynamics and their welfare, both mentally and physically. 

Emails will continue to be passed to the relevant team member and dealt with as if they were in the office.

If you have missed any of our previous newsletters, then our website has a backlog of them here.

Our gut feeling was right and the Government have tightened financial measures in order to not worsen the deficit.
Please read our blog here for the hightlights; and get in touch if there is anything which concerns you.


Christmas Parties:
  • A tax exemption is available for annual functions, up to £150 per head
  • This is an exemption, not an allowance , so if you spend £151 per head, the whole thing becomes taxable on the employee
  • The value is per head, and not limited to employees only, so can include partners,  children, etc.  
  • If you have used the exemption in a different event (eg Summer Party) then you can not claim for the Christmas party
  • Note shareholders are not included in the exemption if they are neither directors or employees.
  • See HMRC guidance here for further information
Gifts - Trivial benefit tax exemption can be used as long as:
  • The benefit isn’t cash or a cash voucher  
  • The cost of the benefit doesn’t exceed £50  
  • The benefit isn’t provided as part of any contractual obligation (including under salary  sacrifice arrangements)  
  • The benefit isn’t provided in recognition of services performed, or anticipated to be performed, by the employee - so is truly a gift
  • Note directors of close companies are limited to benefits of £300 each tax year.
  • See further information about trivial benefits here
Unfortunately neither of these apply to a sole trader (unless you have employees on the payroll) - as you are not an employee, anything you spend on a seasonal event is part of your drawings.

The HMRC app has been updated to include new and improved employment details. Users of the app can quickly and easily get their:
  • income and employment history (going back 5 years)
  • National Insurance number
  • tax codes
App users can also print and download their information and share it with us if needed. 
It is free to download from the App Store or Google Play.
The HMRC YouTube video shows how to confirm your employment details on the HMRC app and how simple it is to get this information.
How do I confirm my employment details on the HRMC app

Once you sign into the app for the first time, you can use facial recognition, fingerprints or a 6-digit pin to get fast and secure access. The app is fully compliant with the Web Content Accessibility Guidelines (WCAG) and was tested by range of people, including disabled users.

Other improvements to the app include paying your Self Assessment via your bank.
To showcase the app functionality, HMRC have created a series of ‘how to use the app’ videos on YouTube which covers how to make a payment,  how to claim a tax refund and how to manage your tax credits.

Information on employment details is available on your Personal Tax Account, and by calling the HMRC Helpline, but the app is the best and most convenient way to get it.


Don't forget that the new late submission and late payments penalties for VAT are being introduced from 01/01/23.

For businesses with VAT periods starting on or after 01/01/23, the default surcharge will be replaced by new penalties if a VAT return is submitted or paid late.

HMRC are also making changes to VAT interest charges, which will bring VAT in line with Income Tax Self Assessment (ITSA) and provide consistency across the taxes.

Previously if you submitted late but were due a refund then there were no penalties - this is no longer the case.

Please read our blog here to find out more about this

HMRC are starting to send out letters to Individuals who they feel should be filing a Tax Return, or those whose information may not be complete.

Egs of these include:
  • Using data provided by landlord deposit schemes, and then cross referencing a landlord’s details to the land registry as well as to their Self Assessment registration
  • Comparing data of individuals listed on the Persons of Significant Control (PSC) register to dividend income declared on Self Assessment Tax Returns
Please get in touch if you, or someone you know receives one of these letters

For Self Assessment taxpayers, HMRC has issued a reminder on Time to Pay agreements.

If you want to arrange one to pay off tax liabilities by instalment, then these need to be set up before the looming January 31 deadline


Over the last few years HMRC have not given Agents details of P60s, P11ds, etc which has made it difficult to build a picture if clients have lost or misplaced their records.
The new Income Record Viewer will provide us with view only access to client’s pay and tax details and employment history for the current and previous 4 tax years.

Before Moore Accountancy can view details in the IRV, we will need to ask you to authorise us by clicking an authorisation link — this only needs to be done once by each client.

This is to protect your security and comply with General Data Protection Regulation (GDPR) obligations.

If you have access to your Business Tax or Personal Tax Account, it will make the process easier.

Note this separate to our usual 64/8 Agent Authority process which takes place when you become a client, and allows HMRC to talk to us on  your behalf.


19/12/22 - PAYE & NIC deductions for month ended 05/12/22 (November payroll)

20/12/22 - Deadline for returning signed 2021/22 SATRs, in order to request that HMRC collect outstanding tax via the 2023/24 PAYE code

31/12/22 - Corporation tax due for year to 31/03/22

19/01/23 - PAYE & NIC deductions for month ended 05/01/23 (December payroll) 

31/01/23 - Corporation tax due for year to 30/04/22

31/01/23 - Self Assessment balancing payment for 2021/22 and first Payment on Account for 2022/23

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Moore Accountancy · 1 Northway · Altrincham · Cheshire, WA14 1NN · United Kingdom

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