UHY Ross Brooke Chartered Accountants
Innovate UK, part of UK Research and Innovation, has launched another round of Smart Grants funding for game-changing and commercially viable R&D innovation. Up to £25 million is available for disruptive research and development (R&D) innovations that can significantly impact the UK economy. All proposals must be business-focused, with deliverable,
In view of the rising energy prices, are there any additional reliefs for anyone WFH? by Sayyora Magliulo My client was concerned about rising costs of electricity and wanted to know whether there were any additional reliefs available for working from home due to increasing costs of household expenses. The
by Rebecca Horne-Smith While Inheritance Tax is an inescapable and unwelcome burden on an increasing number of estates, if your estate includes a farm, there are some very helpful reliefs to be had. There are however significant hurdles to ensure that these can be claimed, and the correct decisions early
On 23 September 2022, it was announced that the Stamp Duty Land Tax (SDLT) nil-rate threshold on residential property would be increased from £125,000 to £250,000. Like the abolition of the 1.25 percentage point increase in NICs, the legislation to enact the SDLT change was already in progress when the
By Phil Kinzett-Evans In a recent stamp duty land tax case, the founder of GÜ desserts was found to have erroneously made a claim that his £3m property, including a road, was non-residential in nature on the basis that the neighbouring farmer used the road for commercial purposes. Tax relief
The average inheritance tax bill has increased by £57,000 in the last 3 years, with the average bill now costing estates around £266,000. Already over £3.5bn has been received by HMRC in the first 6 months of 2022*. Rising house prices and the allowance freeze means that ever-increasing numbers of
It is common for businesses to enter into a contract with a telecoms company to provide mobile phones to the company’s staff. There is no benefit in kind on the provision of the mobile phone as there is a specific provision in Section 319 ITEPA 2003 to exempt such a
The 23 September mini budget announced the scrapping the Health and Social Care Levy and important changes to employee and employer National Insurance Contributions (NICs) that take effect in just six weeks’ time. Software developers are frantically working to make sure that payroll software is ready for the 6 November
The announcement in the mini budget that the 2017 and 2021 amendments to the taxation of Off-payroll arrangements were to be withdrawn in April 2023 came as a total shock many. By Chris Davies So, is IR35 dead and what does it mean to existing and potential contractors? No IR35
Finding And Keeping The Right People – Two Sides Of The Same Coin Blog by by Rhys Madoc CEO, UHY International Recruitment and retention are always an eternal balancing act for businesses, but there is strong evidence that employment markets in many parts of the world are in a greater