UHY Ross Brooke Chartered Accountants

Month: August 2022

SEIS seed enterprise investment scheme

Innovation loans future economy competition: round five

Innovate UK is offering up to £25 million in loans to micro, small and medium-sized enterprises (SMEs). Loans are for highly innovative late-stage research and development (R&D) projects with the best potential for the future. There should be a clear route to commercialisation and economic impact. Your project must lead

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HMRC

Self-employed need to plan for big tax bills in 2023/24

The changes to the basis of assessment of self-employed profits are scheduled to change from 6 April 2024. The new rules mean that profits (and losses) will be assessed based on the amounts arising between 6 April and 5 April instead of the profit/loss of an accounting period ending in

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tax accountant thames valley

Proposed Changes To CGT On Separation

In response to a recommendation by the Office of Tax Simplification the Government have introduced draft legislation for inclusion in Finance Bill 2023 that extends the no gain/no loss rule when a couple separate. Under the current rules the no gain/no loss rule that means that there is no CGT

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act now HMRC deadlines

Oxford landlords face new squeeze from 1st Sept

Legislation has been passed which requires private rented houses across the entire city of Oxford to be registered with Oxford City Council. The Oxford City Council Selective Licensing Scheme 2022 comes into effect on 1st September 2022 and will end on 31st August 2027. With the early bird fee starting

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Stamp duty land tax relief

When is a dwelling not a dwelling?

When it’s more than one. But what constitutes multiple dwellings for HMRC? A transaction which is liable to Stamp Duty Land Tax (SDLT) may qualify for substantial relief, and property buyers can be tempted by the prospect of a tax refund. Many unscrupulous organisations are offering their services, offering to

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crypto tax accountant business startup

Digital Autonomous Organisations

Crypto currencies are becoming more mainstream. Ethereum tokens and block chain technology can be used to execute smart contracts which are automated and which complete when a pre-defined set of criteria are satisfied. More recently, this has driven the development of the decentralised autonomous organisation (DAO). A DAO can be

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