UHY Ross Brooke Chartered Accountants
Brython Edwards explains. In a world where we are all increasingly conscious of our own environmental impact, it will come as no surprise to hear the words “plastic packaging tax” looming on the horizon. Originally announced as part of The Budget back in 2018, with a proposed commencement date of
HMRC has been in correspondence with the Chartered Institute of Taxation notifying its intention to write to investors in SEIS and EIS companies, where the investor may not be aware that the Company ceased to qualify for relief and taxpayer relief may need to be partially or wholly withdrawn. In
According to a recent survey conducted by the Association of Accounting Technicians, one of the joint bodies responsible for accountancy professional standards in the UK, 75% of SME owners were not aware that the term ‘accountant’ can be used by anyone, irrespective of whether they are qualified or not, and
We are regularly approached to advise on how families might pass on wealth to subsequent generations. One of the strategies available is the use of gifts, which should never be dismissed. However, concerns often raised around a strategy of making gifts is that outright ownership gives the recipient immediate unfettered
In order to incentivise companies to invest in capital spending in the short term, the Government have announced a 130% super deduction for investment in plant and machinery between 1 April 2021 and 31 March 2023 (pro-rated in some cases). With corporation tax rates currently at 19% that will give
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