UHY Ross Brooke Chartered Accountants
New data shows that businesses in the UK have already been fined more than £65 million since April last year for failure to submit their accounts on time. The figures released by Companies House show that between April and December 2015 more than 140,000 penalties were issued to businesses. In
The SEIS was created to encourage individuals and other businesses to invest in new enterprise and entrepreneurship in return for tax incentives. Under the scheme, individuals can invest a maximum of £100,000 in a single tax year, which can be spread over a number of companies. In return they
In this update we go back to basics and look at how HMRC chooses individuals and businesses for enquiry once it has received the finalised returns. Tax gap by type of tax: The current tax gap is estimated to stand at just shy of £34bn: Income Tax, National Insurance Contributions
The Chartered Accountancy practices of Ross Brooke and Brading Cryer have merged in a deal that both firms have described as a perfect match and Alan Gibson, Brading Cryer’s Managing Director is joining Ross Brooke as a Director and Shareholder. The combined firm will have 5 partners, 17 specialist managers
In recent years buy-to-lets have become increasing popular with seemingly everyman and his dog looking for a piece of the action, but the Autumn Statement contained a slap in the face for potential buy-to-let Landlords. Following on from his shock announcement earlier in the year that higher rate tax relief
The new rules for VAT on the storage on goods came into force on 1 October 2012 but there does seem to be plenty of evidence that it is not properly understood. From that date the provision of space for storage is a standard rated supply for VAT purposes. This
I have been both shocked and surprised by HMRC’s latest approach to VAT penalties for deliberate error. “But I don’t make any deliberate errors” you may think. OK, but in HMRC’s eyes you may be wrong because HMRC seem to have created their own definition of what is deliberate. In
A quick glance at any social media platform today will tell you that it is Back to the Future Day, the famous day that Doc Brown and Marty McFly travelled into the distant future of 21 October 2015. The blockbusting film had mixed success in its predictions of the future but
The secret of a good joke may be timing, but get this wrong and no-one will be laughing. The Annual Investment Allowance is the amount that a company can obtain a 100% write down against its profits each year for qualifying expenditure on items such as plant and machinery etc.
Businesses need to be aware of a new European court ruling which has clarified that travelling time to and from work could itself be classed as work. In a landmark ruling, the European Court of Justice has said that time spent to and from first and last appointments by workers