UHY Ross Brooke Chartered Accountants
It’s important to tell HMRC about any Class 1A National Insurance contributions that you owe for the tax year ending 5 April 2022 by 6 July 2022 at the latest. You also need to send them any P11D forms due by 6 July 2022. Failure to do so may result in a penalty. Any Class
Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes and technologies and their flow across different sectors is a significant driver of economic growth and productivity. Recently, innovation has also been
The cost of living increase means it’s never been more important for your employees to claim tax relief on work-related expenses. HMRC want to encourage employees to claim money they are entitled to using the HMRC online service. You can support HMRC and your employees by passing on the useful
By Tom Annat A question often asked of tax professionals is in relation to property ownership and how this should be structured. This could be in relation to existing property or a proposed future purchase. The taxation of property income or gains can vary significantly depending on ownership and property
On your special day this is one father’s day present you will not want. Child benefit claimed, repaid, income tax rate and risk of a fine from HMRC. Way back in 2013 we published a blog about the unfairness of the Child Benefit entitlement and the marginal rate of tax
What is SEIS (Seed Enterprise Investment Scheme)? SEIS offers substantial tax reliefs to investors in early stage companies which may find raising finance difficult. SEIS is aimed at individuals looking to invest in business start-ups, and offers very attractive tax reliefs, but the devil is in the detail. It is
Do you legally hold assets on behalf of someone else? Or perhaps you are a Trustee looking after assets on behalf of other individuals? Examples of trusts You may need to register your Trust on the TRS if: You hold an asset on behalf of a minor child* or another
In a ruling*, reminiscent of the Jaffa cakes/biscuits story, the FTT has ruled that products described as flapjacks were not cakes. Cakes are classed as zero rated for VAT purposes, and therefore this ruling meant that these flapjacks were indeed subject to VAT at the standard rate. The Vat Food
Whether employed, self-employed or trading through a limited company, pension contributions can be a very efficient way of lowering your tax liabilities. Pension contributions and income tax examined Depending on your status as a basic, higher or additional rate taxpayer, the Government will automatically uplift your pension contributions by 25%
Homer Simpson would be holding his head at this mistake, with Doh! or even Dough! an inadequate response. What’s Bitcoin Pizza Day? In 2010, Bitcoin and cryptocurrency were hardly spoken of, and few people could have foreseen their future. Laszlo Hanyecz from Florida is one unlucky man. On May 22