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Dunhams Accountants & Financial Planning

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

02/11/2026

The Budget 2026
Read the full article:- https://dunhamsaccountants.co.uk/2026/the-budget-2026/

Chancellor of the Exchequer John Healey presented his first Budget on 28 October 2026, promising ‘Breathing Space now, Hope for the Future’.

Budget Contents
Personal Tax
Employment
Business
Capital Taxes
Other Matters
Rates and Allowances

For more help see our Accounting Services

DUNHAMS - Budget 2026 Introduction

Breathing space

Mr Healey said he had rejected broad-based tax rises as families and businesses face rising energy costs. The Chancellor extended the VAT cut on domestic electricity and the 5p Fuel Duty cut to July 2027 and announced a £100 Household Energy Payment this winter for households in Council Tax bands A to D in England. For the high street, the Small Business

Rate Relief threshold will rise so that a further 70,000 retail, hospitality and leisure businesses pay no business rates.
Paying for it

To fund this support, the Chancellor temporarily doubled the Bank Corporation Tax Surcharge. In addition, the Budget announced further increases to the rates of tax on property and savings income

from April 2027. The lifetime limit for Business Asset Disposal Relief will be halved, although the planned cut to the cash ISA limit will not go ahead.

For businesses, there is a further cut in the main rate Writing Down Allowance from 14% to 12% from April 2027. This funds an increase in the main rate First Year Allowance from 40% to 50% for expenditure incurred from 1 January 2027.

Mr Healey said that ‘my choice in the Budget today is to give families and businesses some breathing space now, and to begin the radical reform of energy to reduce bills in the future’.

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

Please Call Us on 0161 872 8671

30/10/2026

MONTHLY FOCUS: BUSINESS AND AGRICULTURAL PROPERTY RELIEF: WHAT DO THE NEW IHT RULES MEAN FOR YOU?
Read the full article:- https://dunhamsaccountants.co.uk/2026/monthly-focus-inheritance-tax-business-and-agricultural-property-relief/

The inheritance tax treatment of businesses and farms changed fundamentally from 6 April 2026. The amount that can qualify for 100% business property relief and agricultural property relief is now capped, potentially leaving families with a significant tax bill for the first time. What has changed, and what should business owners and farmers be doing about it?
MONTHLY FOCUS: BUSINESS AND AGRICULTURAL PROPERTY RELIEF: WHAT DO THE NEW IHT RULES MEAN FOR YOU?

For many years, inheritance tax (IHT) was not necessarily the greatest concern for owners of qualifying businesses and agricultural property. Provided the relevant conditions were met, business property relief (BPR) and agricultural property relief (APR) could provide relief at 100%, without any overall monetary limit.

That position changed on 6 April 2026. There is now a £2.5 million allowance for property that would otherwise qualify for 100% BPR or APR. Once that allowance has been used, qualifying property above it generally receives relief at 50% instead.

This does not mean that every business or farm worth more than £2.5 million will face IHT at 40% on the excess. The continuing 50% relief means that the effective IHT rate on qualifying value above the allowance is normally 20%. Nevertheless, that can produce a substantial liability, particularly where most of the family's wealth is tied up in a business or farm rather than sitting in cash.

The changes mean that succession planning has become considerably more important. Business and farm owners need to think about what their assets are worth, who owns them, who will inherit them and whether lifetime transfers should form part of the succession plan.

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

Please Call Us on 0161 872 8671

23/10/2026

Wise tax statement errors could affect 4,000 customers
Read the full article:- https://dunhamsaccountants.co.uk/2026/wise-tax-statement-errors-could-affect-4000-customers/

Around 4,000 UK customers of financial services provider Wise have been told that tax statements issued between 2021 and 2025 contained incorrect figures. The errors could have resulted in taxpayers paying too much or too little income tax and capital gains tax (CGT). What should affected customers check?

Find more help with our Tax Services

According to reports published on 8 October, the problem arose from software supplied by a third-party provider used in connection with Wise’s investment products. Incorrect calculations of investment income and capital gains were included in statements that customers could have relied on when completing their Self-Assessment tax returns. Wise says it identified the errors through its internal checks, has corrected the underlying software problem and has issued revised statements to affected customers. However, receiving an incorrect statement does not necessarily mean that a taxpayer paid the wrong amount of tax.
Manchester Accountants - Wise tax statement errors could affect 4,000 customers

The company is now discussing a possible bulk settlement with HMRC to cover tax shortfalls arising from the errors. It has also said that customers who overpaid tax will be compensated. The proposed settlement has not yet been finalised, so affected customers should not assume that any outstanding tax liabilities have already been resolved. Anyone receiving a corrected statement should compare it with the figures included in their original tax returns. Where the amounts differ, the next step is to establish whether the error actually changed the tax payable. Customers should also retain the original and corrected statements, together with any correspondence from Wise explaining the proposed arrangements.

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

Please Call Us on 0161 872 8671

16/10/2026

HMRC text or scam? Check before you act
Read the full article:- https://dunhamsaccountants.co.uk/2026/hmrc-text-or-scam-check-before-you-act/

HMRC is contacting some taxpayers by text this week about overdue Self Assessment liabilities and is also sending updates about VAT registration applications. At the same time, it has expanded its guidance on spotting fake HMRC messages on social media. How can you tell whether a message is genuine?

Check before You act, Get more Personal Tax Help

HMRC is contacting some taxpayers by text this week about overdue Self Assessment liabilities and is also sending updates about VAT registration applications. At the same time, it has expanded its guidance on spotting fake HMRC messages on social media. How can you tell whether a message is genuine?
Manchester Accountants - HMRC text or scam? Check before you act

HMRC’s guidance on genuine text messages confirms that, between 5 and 9 October 2026, some taxpayers may receive a text telling them that their Self Assessment tax is overdue.

A genuine message will tell you to check your online account and go to GOV.UK. It will not ask for personal or financial information and will not contain a link to a website.

Businesses waiting for a VAT registration application may also receive a text from HMRC from 5 October onwards. This might confirm that a query is being processed, provide an update on the application or ask the business to respond to an earlier email or letter. Again, the text will not ask for personal or financial details or contain a direct website link.

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

Please Call Us on 0161 872 8671

09/10/2026

Already paid CGT? Don't pay it twice through Self Assessment
Read the full article:- https://dunhamsaccountants.co.uk/2026/already-paid-cgt-dont-pay-it-twice-through-self-assessment/

Taxpayers completing their 2025/26 Self Assessment return may need to include capital gains that have already been reported separately to HMRC, together with any capital gains tax (CGT) already paid. How could this lead to a double payment?

Get more help with your Personal Tax.

Anyone who made a UK property disposal return or used HMRC’s real-time CGT service during the 2025/26 year should check the details before completing the CGT pages of their Self Assessment return.

A UK-resident individual who disposes of UK residential property and has CGT to pay will normally already have reported the disposal and paid an estimate of the tax within 60 days of completion. However, that does not remove the need to include the disposal again in the annual Self Assessment return where one is required.
Manchester Accountants - Already paid CGT? Don't pay it twice through Self Assessment

The return should show both the gain and the CGT previously charged. For UK property disposals, the total gain or loss is entered on the CGT summary pages together with the tax already charged and the reference number for the earlier property return. Similar boxes apply where a disposal was reported using HMRC’s real-time CGT service.

This matters because the amount paid through the earlier reporting service is effectively a payment on account of the final CGT liability. If the earlier payment is omitted from the Self Assessment return, HMRC’s calculation may not give credit for it correctly and the taxpayer could appear to owe more tax than is actually due.

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

Website

https://dunhamsaccountants.co.uk/

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