Daly Park Accountants - Tax


Daly Park Chartered Accountants are committed to helping you accumulate, manage and preserve your wealth in the most tax-efficient way possible.

Daly Park Chartered Accountants are committed to minimising the tax burden of both our corporate and personal clients. Our specialist tax team can assist in all aspects of your tax planning.

Audit Exemption Threshold Increases

Concerns by the Audit profession regarding the increase of audit exemption limits would lead to more instances of poor financial reporting were rejected by the Government.

Audit Exemption Threshold Increases

February 2016 Accountancy Newsletter
  • Digital Tax Accounts
  • Early Pension Exit Fees Capped
  • Lack of Flexible Working Hampers Employers

Download our February 2016 Newsletter

Tax Implications of Budget 2016

George Osborne delivered his 8th Budget as Chancellor, stating that this was a budget aimed at helping ‘smaller businesses’ and ‘the next generation’.

Salary 0r Dividend

Find out the most tax-efficient way to pay yourself.

Latest Accountancy & Tax News

Read our April Newsletter for a round-up our latest tax news:

  • Lack of management skills limit business growth
  • 150,000 secure home ownership from Help to Buy
  • National living wage - employer responsibilities
  • Business announcements from Budget 2016

Succession Planning for a Family Business

Succession planning is a complicated area of business and tax planning for family businesses.

Running a Company Car Scheme

Company car schemes can be a complex aspect of business management.  Read our guide to setting up a company car scheme and the tax implications of doing so.  Types of company car schemes:

Running a Company Car Scheme

Auto-Enrolment for Small Businesses

Auto-enrolment is an important step in ensuring all employees have the opportunity to save for their retirement.  Auto-enrolling employees into a workplace pension scheme is a legal requirement for all businesses, from those employing hundreds to those with only 1 or 2 people on the payroll.  To keep compliant with the rules it is important that employers prepare properly for the event and give themselves sufficient time to do so.

Tax Implications for 'Rent a Room' Scheme

The annual Rent a Room limit has been increased for the tax year 2016/17 from £4,250 to £7,500 starting from 6 April 2016 which is attractive to owner-occupiers and tenants alike.

July 2016 Tax Newsletter

Read our July 2016 Tax Newsletter for latest news on:

  • Software for Digital Tax Accounts
  • Second Payment On Account Reminder
  • Steady Income as highly valued as Salary
  • Workers not planning for Retirement

Extracting Profits from your Business

Read our guide to tax-efficient profit extraction for business owners and learn about the various ways to do so and the tax implications involved.

Don't forget to pay your Tax

If you are registered for self-assessment and with the 31st July rapidly approaching, make sure you pay the second instalment of tax for 2015-16, that falls due on this date, unless no payment is due.  Check with us if you are unsure.

NI Chamber Annual Networking Conference

Daly Park exhibited for the first time at NI Chamber's Annual Networking Conference in St George's Market, Belfast, on 14th September 2016.

Daly Park - 36 years in Accountancy and Tax

Read about Daly Park's 36th anniversary in Belfast Telegraph's article from May 2016.

In the Dark on Making Tax Digital

Small firms are being forced to file four online tax returns a year under the latest HMRC 'Making Tax Digital' initiative.

Autumn Statement 2016

Philip Hammond - "prepare our economy to be resilient as we exit the EU".

Deadline for Self-Assessment Tax Returns - 31 January 2017

The deadline for self-assessment tax returns for the year 2015/16 is fast approaching.

Happy New Year - Tax & Finance Changes

Happy New Year and hope you're looking forward to a successful 2017!

Spring Budget 2017

Summary of Philip Hammond's first and last Spring Budget.

Tax Residency & Domicile

Generally you are taxed by the country where you are 'tax resident' and it is possible to be tax resident in 2 or more countries.

Tax Newsletter - April 2017

Get up-to-date on the latest as the new tax year starts on 6th April

New Tax Card for 2017-18

Another Budget has come and gone and many of the issues are fundamental to our business and personal lives. The main ones are summarised in our Tax Card.


Tax Newsletter - July 2017

The latest tax updates and reminders affecting businesses and individuals.  Looking at Inheritance Tax deadlines, Payments on Accounts and financing issues for small businesses.


Being Tax-Efficient as a Director

As an owner/director of your business you should take tax advice on how to extract funds from your company.

Tax Changes Explained for Private Landlords

Whether you own one or fifty let properties, you need to be aware of the tax changes that have already taken effect.

Networking Competition Winner

Following our day at NI Chamber's Annual Networking & Business Showcase at St George's Market in Belfast, we were delighted to meet the winner of our raffle prize.

New Year Tax Newsletter - January 2018

Wishing all our Daly Park friends and clients a Happy New Year and hope you're all looking forward to all that 2018 brings.  Read our January 2018 Tax Newsletter for the latest tax news...

Maximise Tax Reliefs and Tax Exemptions 2017-18

A guide to reducing your tax bill before the end of the current tax year.

New Tax Rates and Allowances for 2018-19

Daly Park's new Tax Card for the Tax Year 2018/19 is now available.

Tax Newsletter - March 2018

Read our newsletter for the latest news - on auto-enrolment compliance, food & drink exports etc.

Tax and Employee Benefits

82% of workers feel motivated after receiving some form of recognition from their employers, but what are the tax implications?

Accountex 2018 - UK's Biggest Accountancy Expo

Delighted to attend Accountex 2018 in London in May, the UK's largest Accountancy and Finance conference.

Tax Newsletter - October 2018

Latest news affecting your tax affairs - NIC, Inheritance Tax, Dividend Allowance

How to Extract Profits from a Business

Find out more about the tax implications of extracting profits from your business.

Budget 2018 - Daly Park Budget Summary

In line with the Government's 'end of austerity' message and boosted by better than expected tax revenues and growth forecasts, the Chancellor gave his most eventful Budget speech to date.

Tax Newsletter for December 2018

Latest round-up of Tax news affecting you and your business.

Tax Return Deadline Approaches - Dont Risk Late Fees

With the 31st January self-assessment tax return deadline approaching – do get in contact NOW if you haven’t sent us your income and business details.

Daly Park Accountants Year End Tax Guide is now available

Our Year End Tax Guide provides tips to help you reduce your tax bill in advance of the end of the current tax year on 5th April 2019.  Tax planning to ensure you avail of all relevant tax reliefs and tax allowances can be very beneficial and should be undertaken before the end of the tax year.

Daly Park Accountants Year End Tax Guide is now available

February Tax Newsletter from Daly Park

Our latest tax newsletter brings you the latest on auto-enrolment obligations and fines, the streamlined company registration process, the avoidable inherited ISA tax charge and proposals to tighten wealth taxes.

HMRC Tax Investigations

Are you at risk from a tax investigation?  HMRC is better equipped at spotting potential anomalies and non-compliance with its powerful data analysis system ‘Connect’ which can cross-reference tax payers information against other government agencies e.g. DVLA, and other trading websites.

Spring Statement 2019

This week's Spring Statement from the Chancellor was a very low-key affair with little in the way of new tax news. 

6 Ways to Reduce Your Tax Bill

With the end of the 2018/19 Tax Year fast approaching, people often ask us how to reduce their tax liability.

6 Ways to Reduce Your Tax Bill

HMRC continues to target Restaurant sector over Tax Evasion

Restaurants and takeaways make up approximately a quarter of the businesses ‘named and shamed’ by HMRC as ‘deliberate tax defaulters’ since it began publishing the list in December 2017.

HMRC continues to target Restaurant sector over Tax Evasion

Tax Newsletter - October 2019

For the latest news on Making Tax Digital for VAT, the Employment Allowance, late tax payments and Charity Accounts Audits:

Tax Changes to Private Residences in 2020-21

If you have a property which was once your main residence and you either let it out or have retained it for other reasons, then, from 6 April 2020, HMRC is proposing three significant changes which will potentially increase the capital gains tax paid on the disposal of the property. 

Year-End Tax Guide 2019-20

The Daly Park Year-End Tax Guide for 2019-20 is now available.

Spring Budget 2020

Budget day kicked off with an early announcement of a bank interest rate cut.  The coronavirus completely overshadowed the Spring Budget 2020 with a £30bn package of measures which the Government has put together to support businesses and individuals.

Tax Helpline to support businesses affected by coronavirus

HMRC are taking a sympathetic approach to businesses regarding their tax bills. 

Self-Employed - Costs you can reclaim on the business

If you are self-employed there are allowable expenses which can deducted from your taxable profits to reduce your income tax bill.

July's Tax Newsletter

Read the latest tax and accountancy news affecting you and your business:

Tax Returns and the SEISS Grant

The Self-Employed Income Support Scheme (SEISS) was launched in May 2020 to assist the self-employed at the onset of the Covid-19 pandemic.

Chancellor remains in 'spend mode' in Autumn Budget 2021

Chancellor Rishi Sunak resisted the urge to raise taxes in order to start paying off the Covid-19 emergency support schemes which kept many businesses afloat during the pandemic.  However, the cloud of increasing inflation looms.

Year End Tax Guide 2020-21

Arranging your financial affairs as tax-efficiently as possible before the start of the new tax year on 6 April 2022 is arguably more important than ever.

Spring Statement 2022

Amid rising pressure to bring in significant relief measures to combat the current international emergency, Chancellor Rishi Sunak implied ahead of time that he could only do so much.

Personal Tax - Changes for 2022-23

Because the Government has frozen the tax bands and personal allowance of individuals for the next four years, any extra income an individual gets may be taxed more harshly. 

Chancellor's Autumn Statement 2022

Following the market turmoil unleashed after Kwarteng's Mini Budget in October, all eyes were on Jeremy Hunt's Autumn Statement.

Don't forget to file your Self Assessment Tax Return

With the new year just around the corner and the tax return deadline fast-approaching...

Autumn Statement 2023

The Chancellor announced “110 measures to help grow the economy”, including a 2% cut to the main rate of National Insurance (NI) from 6 January, alongside incentives to encourage business investment such as permanently extending the full expensing initiative.

Tax and your Work Christmas Party

For employers, showing your appreciation of your team doesn’t need to cost the earth. In most cases, work Christmas parties and gifts for staff members are tax-deductible.

Year End Tax Guide for 2023-24

As the conclusion of the 2023/24 tax year approaches (5th April 2024), our year-end tax guide provides you with insights and succinct summaries of the primary tax reliefs and allowances applicable for the remaining months of 2023/24.

Spring Budget 2024

"A budget for long-term growth", according to the Chancellor.

Tax Card for 2024-25

For the latest tax bands, rates and allowances for the 2024-25 tax year.

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Daly Park Newry Office

6 Trevor Hill Newry Co. Down,
Northern Ireland BT34 1DN
Fax: 028 3025 7335

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