UHY Ross Brooke Chartered Accountants
Companies and individuals that are careless or even illegal in their tax affairs need to watch out. New figures show that HMRC has paid out £1.4 million in rewards to whistleblowers of tax illegality. A record number of reports were made to HMRC in the 2025-26 tax year, hitting 170,992.
The Academy Trust Handbook 2026, effective from 1 October 2026 has been published. It introduces a significant number of changes for academy trusts to consider, spanning governance, financial management and DfE oversight. Key changes include new statutory duties around inclusion and SEND, requiring trusts to designate a trustee or committee
Most businesses using Xero are only scratching the surface of what the software can do. The right setup and a few targeted changes can reduce manual admin, speed up invoicing and give business owners better visibility over their finances. By Sarah Hardy If you use Xero in your business, it
A new HMRC consultation could change how millions pay their Self Assessment tax. From April 2029, anyone with both a PAYE job and Self Assessment income (think: employed plus a side business, freelance work, or rental income) could see their tax deducted directly from their pay each payday, instead of
One in four of Britain’s manufacturers has moved production abroad or is seriously considering it, according to research by Make UK, formerly the Engineering Employers’ Federation. The manufacturers’ lobby group said high energy costs have prompted this shift in production, with UK kilowatt-hour charges nearly double those in comparable industrialised countries.
The announcement of mandatory payrolling for Benefits In Kind was originally expected to start in April 2027, but following industry pressure, it will now be introduced in two phases. Phase 1 will continue to be rolled out from 6 April 2027, with Phase 2 starting a year later on 6
You can probably think of a few suspect looking shops on your own High Street but “owners of dodgy shops” that are evading tax are warned to watch out as Dan Tomlinson, Exchequer Secretary to the Treasury, announced that HMRC will make 30,000 high-street ‘interventions’ in the coming year as
We Will Discuss Why Waiting Could Cost More Than You ThinkThe importance of planning before circumstances – or rules – change. Trusts Beyond the MythsWhy trusts are no longer just for the wealthy. The Forgotten IHT ExemptionHow regular gifts out of income can pass wealth tax-efficiently during your lifetime. Trusts
Your Pension Could Soon Form Part of Your Taxable Estate For many people, a pension has long been seen as more than just a retirement pot. With careful planning, unused pension funds could be passed to children or grandchildren free of inheritance tax. From 6 April 2027, that changes, and
HMRC recovered £6.3bn from 255,000 investigations into individuals and small businesses last year, with the average yield per investigation rising 23% to £24,700. Increasing tax complexity is leaving small businesses exposed, often through no fault of their own. By Phil Kinzett-Evans Press release covered in SME Magazine, Business & Accountancy