Keymer Haslam & Co

Keymer Haslam & Co We are a firm of Chartered Accountants based in Burgess Hill, Sussex, England. We are a firm of Chartered Accountants based in Burgess Hill, Sussex, England.

We are regulated by the Institute of Chartered Accountants in relation to audit matters, and by the Financial Services Authority in relation to investment advice. We are regulated by the Institute of Chartered Accountants in relation to audit matters, and by the Financial Services Authority in relation to investment advice

Not only do we provide all the normal auditing and company secretarial services that you would expect from Chartered Accountants but also, because most businesses need something more from their accountant, we have built up a range of specialist services to meet our clients' needs. We are confident that with these services we can give the best possible guidance as you plan your financial affairs - whether you are a private individual, a small business or a large company. With our up to date technical knowledge we provide a full tax consultancy service covering: Corporation Tax, Capitals gain Tax, Income Tax, Inheritance Tax, Personal Tax and VAT. Unusually for a firm of our size, we offer a full investment service. We are registered under the Financial Services authority to carry on investment work. We are able to give detailed advice on Stock Exchange Securitites, Unit Trusts, Investment Trusts and all related investments. We also advise on property matters and the more traditional investments such as National Savings, Building Society and Bank Deposits, as well as money market operations. We can give you valuable and impartial advice on pensions and life assurance, thus enabling you to plan your financial future with confidence.

22/03/2024

Deadline for submitting an electronic P46(car) for employees whose car/fuel benefits changed during the quarter to 5 April 2024
Is this relevant to you?
This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement. The completion of the form enables HMRC to amend the individual’s coding notice to reflect the change in benefit. This notification may be made using the employer's payroll software, the PAYE Online service for employers or by completing the relevant paper form online, printing and sending to HMRC. Where one car is merely replaced with another, this may also be notified online.
A change in car for car benefits which are being ‘payrolled’ should not be reported on a P46(car).
The submission deadline for an electronic P46(car) is 5 April 2024. If a paper version is to be submitted, the deadline is 3 May 2024.

07/03/2024

Chancellor Jeremy Hunt delivered his 'Budget for Long Term Growth' on Wednesday 6 March 2024. His speech promised 'more investment, more jobs, better public services and lower taxes'.

Lowering taxes
The Chancellor made further changes to National Insurance contributions (NICs), following the cuts made in the Autumn Statement 2023. The rates for NICs will be cut further for both employees and the self-employed from 6 April 2024.

There was also a cut in the higher rate of Capital Gains Tax on residential property disposals and the creation of a new ISA allowance to encourage investment in promising UK businesses.

The Chancellor has responded to pressure from business groups by raising the threshold for VAT registration to £90,000 and announcing his intention to extend Full Expensing to leased assets.

Making it possible
The Chancellor made his cuts possible with a series of tax-raising measures. These included a new regime for non-doms, the abolition of the Furnished Holiday Lettings tax regime and Multiple Dwellings Relief, alongside a new duty on va**ng and an increase in to***co duty.

17/01/2024

Deadline for submitting your 2022/23 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2022/23 liability together with the first payment on account for 2023/24 are also due
If we have already dealt with your self assessment return on your behalf you need take no action.
Is this relevant to you?
This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 NI, capital gains tax and High Income Child Benefit Charge liabilities.
There is a penalty of £100 if your return is not submitted on time, even if there is no tax due or your return shows that you are due a tax refund.
The balance of any outstanding income tax, Classes 2 and 4 NI, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2023 is due for payment by 31st January 2024. Where the payment is made late interest will be charged.

18/11/2022

Income tax rates
The government had previously announced that there would be a cut in the basic rate of income tax, from 20% to 19%, from April 2024. This was to be accelerated so that it took effect from April 2023. However, whilst the government aims to proceed with the cut in due course, this will only take place when economic conditions allow and a change is affordable. The basic rate of income tax will therefore remain at 20% indefinitely.

At the Mini Budget on 23 September 2022 the government announced a plan to abolish the 45% additional rate of income tax from April 2023. It was announced on 3 October 2022 that the government would not proceed with this plan.

From 6 April 2023, the point at which individuals pay the additional rate will be lowered from £150,000 to £125,140.

The additional rate for non-savings and non-dividend income will apply to taxpayers in England, Wales, and Northern Ireland. The additional rate for savings and dividend income will apply to the whole of the UK.

Income tax allowances
The income tax personal allowance and higher rate threshold were already fixed at their current levels until April 2026 and will now be maintained for an additional two years until April 2028. They will be £12,570 and £50,270 respectively.

The government will uprate the married couple's allowance and blind person's allowance by inflation for 2023/24.

Dividends
The government has also confirmed that, from April 2023, the rates of taxation on dividend income will remain as follows:

the dividend ordinary rate - 8.75%
the dividend upper rate - 33.75%
the dividend additional rate - 39.35%.
As corporation tax due on directors' overdrawn loan accounts is paid at the dividend upper rate, this will also remain at 33.75%.

In addition, the government will reduce the Dividend Allowance from £2,000 to £1,000 from April 2023 and to £500 from April 2024.

These changes will apply to the whole of the UK.

Address

4/6 Church Road
Burgess Hill
RH159AE

Opening Hours

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

Telephone

+441444247871

Website

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