UHY Ross Brooke Chartered Accountants
Developments in the world of blockchain and crypto currency move fast and much has changed since HMRC’s original guidance on the subject of crypto currency published in 2014. In that original guidance there was a suggestion that dealing in crypto currency was so risky that it could be compared to
Since its introduction IR35 has been fraught with uncertainty and it has never produced the millions of extra tax revenue that the Government predicted. HMRC have very few officers working on IR35 cases and following numerous defeats before the Tax Tribunals the Government have decided that a different approach is
We are delighted to announce that we have successfully submitted our first VAT return under the new Making tax Digital for VAT service #MTDfB. This makes us one of the first firms in the country to do so and ensures that the remainder of our clients can be confident that
With Brexit looming no-one was really expecting any earth shattering news but better than expected tax receipts allowed the chancellor to make some welcome tax cuts whilst taking the opportunity to tighten up some perceived abuses. Described by himself as his “rabbit out of the hat” he heralded an increase
In under 6 months the Government’s first phase of digital taxation for businesses “ Making Tax Digital for VAT ” goes live, yet there still appears to be very little knowledge of what the rules are, who they apply to or when they start. The new rules will apply for
At the very heart of direct taxation for the self-employed is the concept of “wholly and exclusively for the purposes of the trade”. In order for an expense to be tax deductible the sole purpose of the expense must be for the trade. If there is any duality of purpose
Many of our director/shareholders quite legitimately take their remuneration in the form of a small salary and the remainder in dividends. In most cases this avoids expensive National insurance charges which can be 12% for the employee and a further 13.8% for the employer. But I am often asked if
These are worrying times for anyone providing their services through a Personal service Company (PSC) and potentially affected by IR35. Deciding whether a contract falls within or outside of IR35 can be very difficult as there is no statutory definition of employment/self-employment and one must look at past cases for
Ross Brooke Chartered Accountants is strengthening its position in the Thames Valley with the opening of an Abingdon office. Ross Brooke currently works with a wide-ranging client base across most industries, offering accountancy, taxation and business advisory services. The company was established in 1994 and has offices in Newbury, Swindon and
On 4 April 2018, HMRC announced that EU State Aid approval for the tax reliefs associated with a grant of EMI options was due to expire on 6 April 2018, leaving little or no time for those implementing such schemes to complete. Whether grants made from 7 April 2018 onwards