UHY Ross Brooke Chartered Accountants
The Government recognise that businesses may need to make staff cut backs either through short term lay-offs or through redundancies. Either way this will have a big impact on employees’ livelihoods and if they lose key staff, the businesses ability to prosper after the current economic crisis has past. In
In response to the economic impact of coronavirus on business, on 20 March the Chancellor announced that there would be a VAT holiday and no business will be required to make VAT payments for the next VAT quarter. Consequently no businesses will be required to pay any VAT until the
As Tax Manager in our Abingdon office Tom deals with a wide range of residency related issues and shares his thoughts on residency and related coronavirus events here. The basic premise of taxation in the UK is that if you are a UK resident, you are taxed on your worldwide
With thanks to Steve Mayo from Nat West Bank for bringing this to our attention Fraud Awareness: – Criminals use every opportunity and misfortune of others for gain, so please be vigilant. With remote working increasingly common, remember that anywhere staff might work becomes an extension of your workplace and
Chancellor of the Exchequer Rishi Sunak addressed the media yesterday afternoon ahead of his statement to the Commons on measures to tackle Coronavirus. These announcements come at a time when nearly all businesses are worried about their future. One of the measures that was announced was an extension to the
Chancellor of the Exchequer Rishi Sunak announced his Budget to Parliament on Wednesday 11th March; the wider implications of which are sure to impact upon SMEs across the UK. This budget has come at a rather interesting and complicated time, and included some rather interesting and complicated announcements, but fortunately
As we approach the tax year end our Tax Manager shares his thoughts on what to do to ensure you are tax optimal! Accountants and Financial Advisers alike provide their hints and tips to their clients on how best to maximise their wealth through a variety of strategies which include
HMRC have recently confirmed that the new Off-Payroll rules explained in our earlier blog https://www.ross-brooke.co.uk/off-payroll-working-rules-from-5-april-2020-what-are-they-how-do-they-affect-me-and-what-should-i-do-now/ will only apply to work performed after 5 April 2021, regardless of actual payment date. Whilst that is good news for contractors it is only a very short term fix to a very big problem.
For disposals of residential property after 6 April 2020, details of the sale any capital gains tax due on the sale must be paid to HMRC within 30 days of completion. This is a huge change to the pre 6 April 2020 rules for UK tax residents, where any tax
Financially, January is always a difficult month. Most employees get paid early and the increased Christmas expense drains the coffers, with many people wishing for January to pass so that a new pay date is hit and the financial pressure is eased. It is typically unhelpful, therefore, that the Self-Assessment