UHY Ross Brooke Chartered Accountants

Category: Blogs

act now HMRC deadlines

Pre-April tax planning reminder

The new tax year starts 6 April 2024, so you have a couple of months to consider your options. Once we pass this date the majority of the tax planning options for Income Tax and Capital Gains Tax (CGT) purposes will be lost for this year. Do you fall into

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pickup truck tax change

HMRC brings Double-Cab Pickup tax perk to a screeching halt

UPDATE: 21/2/2024 Double-cab pick up U-turn Further to the revised HMRC guidance issued last week regarding double-cab pickup trucks, after pressure from the agricultural and motor industry the Government have decided to retract that guidance and will make amendments in the next Finance Bill to reflect that NO changes will

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couple paying tax

Taxation for couples – tips for 2024/25

It may surprise some readers to learn that independent taxation was not introduced until 1990. Up until that point, a married woman’s income was considered part of her husband’s for tax purposes. Thankfully, progress has been made since then and husbands and wives are now taxed separately. By Tom Annat

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tax efficient strategies for investors

10 Tax-Efficient Investments for UK Investors

Whenever considering choice of investments, tax efficiency plays a crucial role in maximising returns and minimising liabilities. For UK investors, understanding which investments offer favourable tax treatment can significantly impact long-term financial planning. By Chris Davies Here are ten tax-efficient investment options to consider: 1. Individual Savings Accounts (ISAs) ISAs

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tax advice for musicians

Musicians and Taxes: Hitting the right note

Musicians and taxes often seem like an unlikely duo, with the intricate art of music on one side and the complex world of tax regulations on the other. This disparity in skills means many musicians find themselves overpaying taxes, unaware of the significant savings they could make by taking advantage

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couple paying tax

Act now to obtain 60% tax relief on your income

The reduction of the additional rate tax threshold in 22/23 from £150,000 to £125,140 would have resulted in many more taxpayers paying tax at 45%. This lower threshold will continue into the current tax year commencing 6th April 2024. The position is made worse by the fact that the personal

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year end tax planning accountant

Year end tax planning summary 2024 guide

The run up to the end of the tax year on 5 April 2024 is a good time to make sure that your family and business finances are arranged in the best way possible. The freeze of many tax rates and thresholds continues to increase the government’s tax take, but

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act now HMRC deadlines

Top tips for 2023-24 year end personal tax planning

With the end of the tax year approaching on 5th April, now is a good time to review your tax position and take some simple steps to make sure your tax affairs are as efficient as possible. Savings Gifts Sharing your assets None of the foregoing constitutes advice. Individual circumstances

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