UHY Ross Brooke Chartered Accountants
Charity trustees in England and Wales now have new legal powers when considering moral payments: payments made because there is a moral rather than strictly legal obligation to transfer some of a charity’s property. This is the final provision in Charities Act 2022 to come into effect. Few charities encounter
The deadline for filing your 2024/25 Self Assessment tax return is fast approaching. You must submit your return and pay any tax due by 31 January 2026 to avoid penalties and interest. To meet the deadline, you will need to make sure you have: All income details, including any employment,
The recent Budget confirmed that dividend tax rates will increase from April 2026. The ordinary and upper rates of dividend tax will both rise by 2%. For many small and medium-sized companies, dividends are central to how owners pay themselves. With the tax rates rising, your pay and profit extraction
This issue highlights the shifts most likely to impact planning, compliance obligations and day-to-day decision-making. Whether you’re navigating new HMRC scrutiny, adapting to digital reporting, or reassessing wealth protection strategies, our summaries will help you stay informed and ready to act. In this edition, we cover: Inheritance Tax reform: forthcoming
With academy audit season underway, trusts are reminded to review their Streamlined Energy and Carbon Reporting (SECR) obligations. The framework requires eligible trusts to report on energy use, carbon emissions and efficiency actions. What is SECR? SECR is a UK government-led framework requiring eligible organisations to report their energy use,
Big changes are coming to UK Generally Accepted Accounting Practice (GAAP); some of the most significant in recent years. From 1 January 2026, new rules under the Financial Reporting Standard 102 (FRS 102) will apply to most businesses. It’s as simple as that, our ongoing series, is designed to make
Autumn Budget 2025: What Does It Mean for Your Business? After weeks of speculation about what Budget 2025 would contain, the Chancellor was unexpectedly upstaged when the Office for Budget Responsibility (OBR) accidentally published their report revealing key policy measures ahead of the official announcement. Although the report was quickly
What a brilliant day at the Newbury Santa Fun Run. The weather was kind to us, and we had such a good time on our stand. It was great to meet so many people who stopped for a chat with our team. The turnout was strong and the atmosphere in
With high demand for new housing in the UK, homeowners with larger gardens may consider selling part of their land or developing it themselves. However, tax implications can be complex. While private residence relief may apply in some cases, other transactions could be subject to capital gains tax or even
What were the 2025 Budget Announcements for EMI Schemes? Rachel Reeves Budget sought to increase the scope of the EMI scheme for growth companies, and so the proposal is to expand eligibility criteria: Maximum employee headcount is increased from 250 to 500 employees Gross Assets threshold of a company or