UHY Ross Brooke Chartered Accountants

Category: All insights

EOT advisor

Employee Ownership Trusts. What are they and why would you use one?

EOT Explained EOT Guide Case Study   Get in touch If you would like to find out more about Employee Ownership Trusts, please get in touch today with your nearest office. Newbury: tel 01635 555666 or email newbury@uhy-rossbrooke.com Swindon: tel 01793 610008 or email swindon@uhy-rossbrooke.com Hungerford: tel 01488 682546 or

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share option and loan note transactions

Corporate employer tax reporting of share, option and loan note transactions by 6 July 2020 Note: as at 4 May 2020 no HMRC announcement of any Covid-deferral of the filing deadline

UK tax resident companies have an annual obligation to e-report to HMRC all awards of shares, share options and loan notes (in fact any “securities”) to employees and directors.  There are very few exceptions. HMRC are known to closely examine the completeness of the e-report against the company claim for

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Treasury to consider helping SMEs that pay dividends

We’re delighted that the Treasury is urgently looking at ways to help business owners who pay themselves via dividend income, according to their own Twitter account this morning where they say they are ‘looking at proposals’. At the moment these smaller businesses, often one-person limited companies, feel as though they

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Bounce back loans

New 100% government backed loans for SMEs

In the past few weeks we’ve been calling on the government to provide further support for SMEs.  We’re delighted that today the government has announced a 100% government backed loan facility for SMEs to borrow up to £50,000.  Our view on the new scheme is that this is just the

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New Taxation Rules for Non-UK Resident Corporate Landlords

Why does this matter? For UK property rental business profits arising after 5 April 2020 to a non-UK resident corporate landlord (“NRCL”)then that company must pay UK corporation tax on those profits, rather than income tax.  The existing UK income tax registrations, which would facilitate the payment of income tax

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accountants offering support for individuals and businesses

Stay Focused > Protect the Economy > Save Jobs

Further support needed urgently to prevent an additional 830,000 unemployed in the South East New research that we have conducted during April shows that 830,000 people in the South East region are at risk of unemployment.  This is a stark and worrying number, but this is the reality of what

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