UHY Ross Brooke Chartered Accountants
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
Although we live in times of great uncertainty, we can be certain that HMRC will continue to explore new methods of catching up with individuals who have outstanding tax liabilities, says the firm’s Tax Manager Tom Annat. HMRC’s ‘super computer’ combined with cross border information-sharing agreements has meant that HMRC
HM Treasury issued, just before Christmas, a long-awaited response to an Independent Review (“the Review”) of the Disguised Remuneration Loan Charge, with a withdrawal from its previous hard line of application. The Review, commissioned by the Chancellor and undertaken by Sir Amyas Morse, runs to a published Report of no
The world of blockchain and cryptoassets is developing at a fast pace and it is no wonder that the rules for the taxation of cryptoassets is only just developing with currently very little or no case law to turn to for guidance. Recently HMRC have updated their guidance on the
You can read our latest newsletter here, including articles on Making Tax Digital, How entrepreneurs can tackle climate change and Pension Tax problems for high earners