UHY Ross Brooke Chartered Accountants
At UHY, helping you prosper remains at the heart of everything we do, and our Year End Tax Planning Guide is designed to help you make the most of current reliefs and planning opportunities before 5 April 2026. To keep the guide easy to navigate, we have structured it into
Many taxpayers preparing for Making Tax Digital (MTD) want to know exactly what records HMRC expects them to keep. Under MTD for Income Tax, digital record keeping becomes mandatory for many landlords and sole traders. These rules start from April 2026. What records must be kept for MTD? Taxpayers within
Many landlords are still asking the same question. Does Making Tax Digital apply to rental income? From April 2026, landlords with gross rental income above £50,000 will need to follow the new Making Tax Digital for Income Tax (MTD for IT) rules. If you earn income from property, this change
During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts. The Chancellor focused on how the
We’re excited to share that UHY Ross Brooke has been nominated for another award – the Business Civic Award at the Newbury Town Civic Awards 2026. This award was introduced by the Town Council to be presented to a business who, in the opinion of a panel of judges, has
An individual’s tax residency position in the UK is considered by reference to the Statutory Residence Test (SRT). The legislation is actually made up three tests which determine an individual’s UK residency position. The rules can be complex and require careful consideration. Getting things wrong can be costly, particularly where
AI offers charities and NFPs the opportunity to improve efficiency, boost fundraising and maximise impact without the need for large budgets or technical expertise. Modern finance systems increasingly include built‑in AI tools and many third-party applications are freely available. By Caroline Webster So how can charities use AI in the
The government has announced an over 40% increase in charge point grant amounts that will mean businesses, landlords and renters could save up to £500 on installing an electric vehicle (EV) charge point. Previously, the grant provided a discount of £350. The uplift could cover almost half the typical installation
If you run a business as a sole trader, the way you report tax to HMRC will soon change. Under Making Tax Digital for Income Tax, many self employed individuals will need to switch to digital record keeping and quarterly reporting. The first phase begins in April 2026. Do sole
One of the first questions people ask when preparing for Making Tax Digital is which accounting software they should use. HMRC requires taxpayers within MTD to keep digital records and submit updates using MTD compatible software. Selecting the right system can make the process much easier. What should MTD software