Latest News

WE ARE HIRING!

Discover career opportunities with DPC

Weekly Business News

Higher tax threshold for side hustles: What could it mean for you?

March 17th Business News

Welcome to the DPC round up of some of important business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you!

To view previous business newsletters, click here

Monthly Tax News

Hello March

March 2025 Tax News

In this edition we look at Making Tax Digital For Income Tax, timing of disposals and elections for Capital Gains Tax, Loan Charge review, tax Implications for trading on platforms such as Amazon and Ebay, annual tax on Enveloped Dwellings and advisory fuel rates for company cars.

To view previous tax newsletters, click here

DPC Tax Bites

Our DPC tax specialists speak out on topical issues relating to how tax and legislation effect you.

We are Hiring

Tax Apprentice
Apprenticeships

Tax Apprentice

You will follow the apprenticeship standard for Taxation Technician alongside internal training, to gain the necessary skills and knowledge to assist the tax team in the management and delivery of tax services for DPC clients.

Read More »
Accounts and Audit Apprentice
Apprenticeships

Accounts and Audit Apprentice

You will follow the apprenticeship standard for Accounts/ Finance Assistant alongside internal training, to gain the necessary skills and knowledge to assist the accounts and audit team in the management and delivery of business services for DPC clients.

Read More »

Practice News

Empower half hour

Empower half hour

Over the last two years, the tax-free allowance for capital gains tax has been cut by over three-quarters. For the tax year that recently began on 6 April 2024, the Annual Exempt Amount has been reduced to £3,000 (£1,500 for trustees). These reductions mean that more and more of us are likely to be affected by capital gains tax.

Read More »

Blogs and Articles

AI: The good and the bad

AI: The good and the bad

Artificial intelligence (AI) continues to make headlines as businesses work out how to make effective use of it. The government is continuing to push for growth in the AI industry. Last week, it opened bidding so that local authorities can submit proposals to become the next AI Growth Zone. It expects thousands of jobs to be created as a result and that it could rejuvenate local communities in various parts of the UK.

Read More »
Data protection fees to increase by 29.8%

Data protection fees to increase by 29.8%

Following a consultation in 2024, the fees payable by data controllers to the Information Commissioner’s Office (ICO) will be increased by 29.8%. There is a £5 discount for direct debit payments and any organisations that are currently exempt from paying the fee will continue to be exempt.

Read More »
HMRC late payment interest rates to be cut

HMRC late payment interest rates to be cut

Following the reduction in the Bank of England base rate, HM Revenue & Customs (HMRC) have confirmed that their interest rates will be reduced accordingly.
Late payment interest will reduce to 7% from 7.25%. Repayment interest – paid on tax repayments – will be reduced to 3.5%.

Read More »
Director fined for using unlicensed security operatives

Director fined for using unlicensed security operatives

The Security Industry Authority (SIA) has reported that a director for a Manchester-based security company has been fined for failing to comply with an investigation into the use of unlicensed security operatives. The law requires security operatives working under contract to hold and display a valid SIA licence. Merseyside Police reported to the SIA that unlicensed security operatives had been used at a venue in Liverpool.

Read More »
Proposals on new energy saving requirements for landlords

Proposals on new energy saving requirements for landlords

The UK government is consulting on changes that will require private landlords in England and Wales to meet higher energy performance ratings by 2030. Currently, 48% of all private rented homes have an Energy Performance Certificate (EPC) of C or above. However, under new plans the government is proposing that by 2030 all privately let properties will need to meet a minimum EPC C.

Read More »
Four new road schemes to be funded

Four new road schemes to be funded

Road schemes affecting Wiltshire, Leeds, Essex and Buckinghamshire were given approval last week following the grant of £90 million of government funding. The improvement in infrastructure these schemes will bring is expected to help businesses be able to transfer goods more easily and generate growth in the economy.

Read More »
Are you thinking about starting a new business?

Are you thinking about starting a new business?

Starting a business in the UK is an exciting venture, but it comes with financial, tax, and accounting responsibilities that you must navigate effectively. Understanding what you will need to do from the outset will help make sure that you don’t miss anything, avoid unnecessary costs, and position your new business for success.

Read More »
Base rate cut to 4.5%

Base rate cut to 4.5%

The Bank of England reduced their base rate to 4.5% last week, as had been widely expected in the days leading up to the decision. The decision was made by a 7-2 majority. The minority of two members were looking for the rate to be reduced to 4.25%. In announcing their decision, the Monetary Policy Committee (MPC) outlined their thoughts on the economy.

Read More »
Would you benefit from a top up contribution to your State Pension?

Would you benefit from a top up contribution to your State Pension?

HM Revenue and Customs (HMRC) have revealed that 37,000 people have plugged gaps in their National Insurance (NI) record since last April, boosting the amount of State Pension they will receive when they reach retirement age. The amount of State Pension you will receive is based on how many completed years you have in your NI record.

Read More »
How do you ensure data cannot be recovered from storage media?

How do you ensure data cannot be recovered from storage media?

When it comes to disposing of computer equipment, how do you make sure that any storage media – hard drives, SSDs, flash drives and so forth – can’t be read by unauthorised users or have the data recovered? The National Cyber Security Centre (NCSC) reports that there have even been examples where several gigabytes of sensitive documents were retrieved from decommissioned photocopiers and printers.

Read More »
Boost in funding for flood defences

Boost in funding for flood defences

Following the recent run of storms and wet weather, the government has announced that £2.65 billion will be spent over the next two years to build, maintain and repair flood defences. Extreme weather events are increasing in frequency, so flood defences are becoming increasingly important in protecting both homes and businesses. The funding will also help protect farmland, which has also suffered in the recent storms.

Read More »
Rises to national minimum wage confirmed

Rises to national minimum wage confirmed

Legislation was laid before Parliament last week confirming that the new National Living Wage and new Minimum Wage rates will take effect from 1 April 2025. While many businesses are feeling and have expressed concern about the increases, the sight of the legislation suggests that no reprieve is in sight.

Read More »
Duty changes for the alcohol industry

Duty changes for the alcohol industry

February saw changes for the alcohol industry come into force that particularly affected winemakers. A temporary easement has been in place for wine that has treated wines with an alcohol by volume (abv) between 11.5% and 14.5% as if their abv was 12.5%. It was announced in the 2024 Autumn Budget that the easement would end on 1 February 2025. There have been calls to make the easement permanent, however the government has confirmed that the easement would end as planned.

Read More »
Company fined over health and safety negligence

Company fined over health and safety negligence

Pemberton Timber Frame Ltd from Kent has been fined and ordered to pay costs following an avoidable injury to one of its workers. The company manufactures timber frame structures for the construction industry. One of its workers was operating a panel saw and was asked to perform a rip cut on a length of timber, i.e. cut down its thickness.

Read More »
Chancellor’s speech: An update on economic growth measures

Chancellor’s speech: An update on economic growth measures

The Chancellor of the Exchequer, Rachel Reeves, delivered a speech last week that served as an update on the government’s plans for delivering economic growth. The plan largely focused on developments proposed around Oxford and Cambridge as well as a third runway at Heathrow. Here are some of the highlights from the speech.

Read More »
Rising above the storms: Finding strength in recovery

Rising above the storms: Finding strength in recovery

Severe weather can be an enormous challenge for businesses, and we have seen plenty of it recently. Power outages, property damage, and forced downtime are not just disruptions—they can feel like setbacks that threaten months or years of hard work. If your business has been affected by recent storms, you are not alone, and it’s important to remember that resilience is built in moments like these.

Read More »
Budget 2024

Budget 2024

On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But on the heels of Britain entering a recession and downgraded Office for Budget Responsibility (OBR) forecasts, the Chancellor had his work cut out.

powered by Advanced iFrame. Get the Pro version on CodeCanyon.

powered by Advanced iFrame. Get the Pro version on CodeCanyon.

SEARCH

Hmrc Enquiries Support & Protection

TAX PLANNING

SPECIALISMS