UHY Ross Brooke Chartered Accountants

Day: February 3, 2025

60% tax trap

Don’t fall into the 60% tax trap

Despite being in existence for some 15 years, the effects of the personal allowance restrictions are surprisingly unknown by many. The personal allowance restriction means that ‘higher earners’ see their personal allowance reduced by £1 for every £2 of income received above £100,000. This threshold has not changed since it

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mtd making tax digital accountant

Making Tax Digital is coming – Are you ready?

The introduction of Making Tax Digital (MTD) for the self-employed and/or landlords with combined income exceeding £50,000 is scheduled to take effect from April 2026. MTD fundamentally shifts the way tax records are maintained and how information is submitted to HMRC. The traditional approach of annual tax returns will be

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The Messed-Up UK Tax System: A Struggle for Middle-Income Households

When it comes to navigating the UK tax system, there is a growing sentiment that it feels increasingly unfair—especially for middle-income households. While taxation is vital for funding public services and infrastructure, the current structure appears to burden certain income brackets disproportionately, often leaving middle earners caught in an uncomfortable

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UHY accountants insights magazine

UHY Prosper magazine issue 9

The ninth edition of Prosper features insights into the latest business developments, tax updates and advice to help businesses prosper in 2025 and beyond. Our magazine contains the following articles, amongst many others: The importance of ESG for your SME: Understanding how Environmental, Social and Governance considerations are becoming essential for

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