UHY Ross Brooke Chartered Accountants
Expert insight and analysis for world business The 12th edition of UHY Global magazine is now available to read online. UHY Global draws on the knowledge of UHY’s network of member firms to provide insight and expertise for today’s global business community in a thought-provoking, upbeat and engaging read. Topically
Gift Aid is a tax relief for individuals which enables them to give the income tax or capital gains tax that they pay directly to a charity on top of their donation. In effect it adds 25p for every £1 donated to a charity. Gift Aid is an important tax
Making Tax Digital for Income Tax applying to the self-employed and landlords with gross incomes over £10,000 was originally set to apply from April 2023. However, HMRC has this week announced that MTD for ITSA will now be delayed until April 2024. A welcome stay of execution? For some, yes,
The Government is to make it illegal for companies not to pass on tips to their employees. This comes after some major restaurant chains were accused of keeping 10% of tips given to staff. The Department for Business Energy and Industrial Strategy (BEIS) have announced that new legislation, to be
Our clients asked us to advise on the correct treatment of their property purchase for Stamp Duty Land Tax (SDLT) purposes. We advised that the property had mixed-use and therefore should be subject to the non-residential rates of SDLT, which at the time of the transaction gave a more favourable
The reduced VAT rate of 5% has been extended until 30 September 2021. Following this, an interim rate of 12.5% will be in place for a further six months with the standard rate of 20% returning in April 2022. If you are a VAT registered business, check whether you can
The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the employee’s usual pay up
Throughout September the UHY Ross Brooke team will be supporting the ‘Children with Cancer UK’ charity by doing walks, jogs and runs. Our 4 offices will compete with each other to try and raise the most money possible via donations for their walks/runs. Children with Cancer UK is the charity
On 5 August 2021, the Department for Business, Energy and Industrial Strategy (BEIS) published a list of 191 employers who had breached national minimum wage legislation by underpaying their staff. Collectively, the employers failed to pay £2.1 million to over 34,000 workers between 2011 and 2018. The largest underpayment was
Where a company makes a trading loss of no more than £200,000 in an accounting period it is now possible to claim relief for that loss even though the corporation tax return CT600 has not been submitted. This will enable the company to carry back the loss to earlier years