MoynanSmith Accountants

MoynanSmith Accountants Firm of Chartered accountants and Chartered Tax Advisers specialising in cost efficient, pro-active tax advice. We offer a FREE initial meeting.

REMINDER: Temporary VAT cut on children's meals, tickets and attractions.As from tomorrow (25 June 2026) until 1 Sept 20...
24/06/2026

REMINDER: Temporary VAT cut on children's meals, tickets and attractions.

As from tomorrow (25 June 2026) until 1 Sept 2026, a temporary reduction in the VAT rate from 20% to 5% for certain supplies aimed at families during the 2026 summer holiday period will apply.

Where applicable, you should ensure your records and rates are updated accordingly.

Although businesses are encouraged to pass the savings onto the customer by way of reduced pricing, we are aware some businesses will keep the price the same, thus increasing their profit margin (especially in these tough times for the hospitality sector).

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02/06/2026

REMINDER - JOB RELATED EXPENSES CLAIMS - BE AWARE!

PLEASE SHARE

Back in June 2025 (body of the original post below), we posted about "advisers" making job related expenses claims, which were just not correct and over inflated. Examples being mileage claims for travel to work, despite having a fixed workplace.

We are still getting calls having to help people who have been caught up with these claims. A couple of recent examples being:

1. Travel of over 10,000 miles to the Pirelli Factory, despite working there full time, and living near the factory (even walking or biking sometimes!).

2. Travel of over 15,000 miles to Sellafield. The taxpayer worked at the same site and therefore this was ordinary commuting to work, so travel to work is not an allowable expense (despite what the adviser says!!).

Both taxpayers are now having to repay the tax, plus interest (now at 7.75%), plus potentially penalties. Of course, this is after the "adviser" being paid, who to date has not repaid the fees to the taxpayer.

HMRC are running a campaign (https://dontgetcaughtout.campaign.gov.uk/claiming-expenses/), and it also seems they are looking to reclaim excessive repayment claims by linking employers details on tax returns. These "advisers" do not usually use their own agent details for filing, so are unable to easy trace taxpayers through the agent link. But, HMRC are able to link records and claims via other methods, including PAYE references. Quite often in larger workplaces (e.g. factories), one taxpayer advises another, and it quickly becomes easily for HMRC to notice all the tax payers from the same employment making claims.

We remind you again.......if a repayment claim seems too good to be true, it probably is. And just because "your mate" has already received their refund, it doesn't mean it is correct and HMRC can look to recover years later.

JUNE 2025 POST:

💸Excessive Tax Repayment Claims........be aware!!!💸
We continue to hear about firms and individuals approaching tax payers (often employees) suggesting they are missing out on tax relief on expenses, and promising to obtain tax refunds, with them usually charging around 20% of the repayment received.
The recent tax case (https://caselaw.nationalarchives.gov.uk/ukftt/tc/2025/702) reminds that just because HMRC have paid out, it does not mean the claims are legitimate. And HMRC will look to recover all excessive tax refunds from you 🫵
Often these excessive repayments are based on travel costs, workwear, fictitious expenses, with the "adviser" reassuring that these claims are legitimate.
Remember, IF IT SEEMS TOO GOOD TO BE TRUE, IT USUALLY IS.💸

⚽️⚽️great achievement by the Caldew School Year 10 lads, winning the County Cup (and obviously looking the part in their...
16/04/2026

⚽️⚽️great achievement by the Caldew School Year 10 lads, winning the County Cup (and obviously looking the part in their smart strips 😉).

Well done to all players and teachers involved 🏆

💃Over the Easter holidays, the Annandale Ruby Formation Dance team, part of the Maureen Smith Dance Academy, attended th...
14/04/2026

💃Over the Easter holidays, the Annandale Ruby Formation Dance team, part of the Maureen Smith Dance Academy, attended the Blackpool Dance festival.

We were pleased to sponsor the training tops, and hope the girls had a great time. They look fantastic, and we are sure all parents and trainers were proud of how the girls performed.

Well done to all involved 💃

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Unit 4, Clifford Court, Cooper Way
Carlisle
CA30JG

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