UHY Ross Brooke Chartered Accountants
With high demand for new housing in the UK, homeowners with larger gardens may consider selling part of their land or developing it themselves. However, tax implications can be complex. While private residence relief may apply in some cases, other transactions could be subject to capital gains tax or even
What were the 2025 Budget Announcements for EMI Schemes? Rachel Reeves Budget sought to increase the scope of the EMI scheme for growth companies, and so the proposal is to expand eligibility criteria: Maximum employee headcount is increased from 250 to 500 employees Gross Assets threshold of a company or
On 26 November 2025, Chancellor Rachel Reeves delivered her second Budget to Parliament. This was a Budget shaped by ongoing economic pressure, with the government conceding that fresh tax rises were needed despite hopes of a quieter year. The result is a package that will touch most households and signals
As the festive season approaches, HM Revenue & Customs (HMRC) is urging anyone who earns money from Christmas crafts, seasonal market stalls, or selling festive items to check whether they need to report their earnings for last year. HMRC’s “Help for Hustles” campaign highlights the importance of understanding when extra
What should trustees be aware of? A “Charity Sector Risk Assessment” recently published by the Charity Commission identifies some of the serious risks charities in England and Wales are facing. The report draws on data from annual returns, serious incident reports and casework. It notes several pressures that are making
If you have been appointed in a will to act as executor, you don’t legally have to do this. If you’re not comfortable or able to take on the responsibility, you can decline. To do this, you would typically file a formal renunciation with the probate court using a PA15
The Government’s 2027 IHT pension reforms will bring most unused pension pots into an individual’s taxable estate, increasing the importance of lifetime gifting as a planning strategy. By Tom Annat – Senior Tax Manager Inheritance tax (IHT) continues to attract significant attention, especially with upcoming changes to pension rules. From
Related party transactions remain a key governance and reporting risk for charities, requiring trustees to identify, assess and disclose connections transparently. The latest SORP adds a new requirement to include commitments with related parties at the reporting date. By Caroline Webster What is a related party transaction? SORP definition: Related
The Charities SORP 2026 is now final and will take effect for accounting periods starting on or after 1 January 2026. If your charity prepares accounts on an accruals basis, these changes will likely affect you. From a new three-tier reporting regime to updated rules on lease accounting, related party
HM Revenue and Customs (HMRC) has been reminding taxpayers that there are now fewer than 100 days left to file their tax return and pay any tax due for the 2024-25 tax year. The online filing deadline applicable to the majority of taxpayers is 31 January 2026. According to HMRC