UHY Ross Brooke Chartered Accountants
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
In 2020/21 there were 1,275 R&D claims in the Agriculture, Forestry and Fishing industries; of these, 1,180 were small and medium sized enterprises (SMEs) and 35 were R&D expenditure credit (RDEC) claims, made by large UK companies. These claim values had a combined eligible expenditure of £375m, with resulting savings
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in the mini budget that the 2017 and 2021 amendments to the taxation of Off-payroll arrangements were to be withdrawn in April 2023 came as a total shock many.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
Companies House will soon be introducing a new WebFiling account that will have more functionality with improved security features. It is the first step in creating a single sign-in across all Companies House services. The benefits of the new WebFiling account include: Multi-factor authentication. The ability to link your company
What is the TAAR? The Targeted Anti-Avoidance Rules (TAARs) have been with us for some time. First introduced in Finance Act 2016, it is now found in the Taxation (Trading and Other Income) Act 2005, section 396B, and is designed to prevent the former practice of ‘phoenixing’, whereby a shareholder,
In response to a recommendation by the Office of Tax Simplification the Government have introduced draft legislation for inclusion in Finance Bill 2023 that extends the no gain/no loss rule when a couple separate. Under the current rules the no gain/no loss rule that means that there is no CGT
Legislation has been passed which requires private rented houses across the entire city of Oxford to be registered with Oxford City Council. The Oxford City Council Selective Licensing Scheme 2022 comes into effect on 1st September 2022 and will end on 31st August 2027. With the early bird fee starting