UHY Ross Brooke Chartered Accountants
A recent study revealed that on average businesses miss out on 54% of VAT they are entitled to reclaim on travel and expense costs. Are we surprised? No not really. 50 years ago the then Chancellor of the Exchequer introduced VAT as “a simple tax”. How wrong he was. Every
As lockdown easing continues and the re-opening of many more businesses permitted in the Step 3 of Boris’ roadmap, now is a good time to reflect on furlough and the SEISS grant eligibility Furlough claims and SEISS grants have been made with an expectation of a decline in sales and
Our outlook on the year ahead There are some amazing opportunities on the horizon for farming and agricultural businesses and some important tax implications. Our experts have just published our outlook for the year ahead to help you see the wood for the trees. Topics include: Drone technology Everything you
A summary of measures by Maddy Weeks, a Manager in our Newbury office Today the chancellor announced continued support for businesses and self-employed individuals on the roadmap to normality. The furlough scheme has been extended until 30th September 21. The government will continue to support the cost of employee’s wages
NB Updated October 2021 – UK Property Return due within 60 days of completion (30 days prior to 27 October 2021) where a tax liability arises – see more In April 2020, the rules for reporting capital gains on UK residential property sales changed. From that date, gains are to
Under the terms of the original Job Support Scheme, businesses could be required to pay almost 60% of wage costs for just 33% of an employees worked hours. It was questioned whether this really offered any form of realistic encouragement for employers to retain staff. It seems that the Chancellor
PREPARING FOR THE END OF THE TRANSITION PERIOD Many businesses who trade with the EU are no doubt watching the Brexit negotiations closely. Whether or not there is a free trade agreement, many of the administrative changes for trade and travel are already known and it is important you plan
The ingenuity of criminals knows no bounds. As a result of the coronavirus outbreak the Government announced a VAT deferral for business for payments due between March and June 2020 until March 2021. We would like to warn you that there is currently a scam email in circulation purporting to
With the prospect of higher tax rates on capital gains is now the time to sell your business? Are there alternative ways to benefit from the current low capital gains tax rates?
The government has done a good job supporting many businesses throughout the Covid-19 crisis, but we now need greater clarity on measures put in place to help SMEs survive the deluge of debt so many will face in early 2021. One of the biggest issues facing us in 2021 is