UHY Ross Brooke Chartered Accountants
The tax rules on Benefits in Kind (BIKs) are changing. From 6 April 2027, Phase 1 of HMRC’s ‘Mandatory payrolling of Benefits in Kind and expenses’ comes into force. Phase 1 will apply only company cars, car fuel, vans, van fuel and medical benefits. Mandatory payrolling for most other benefits will
Last week, HMRC confirmed that, from September 2026, they will sign up taxpayers who are required to use Making Tax Digital (MTD) for Income Tax for 2026-27, but who have not yet registered for the service themselves. They have now published guidance setting out the steps affected individuals should take.
HMRC launched a consultation earlier this year, which we have been monitoring with close interest. It is possible it could significantly change how company owners take money out of their businesses tax-efficiently in certain circumstances. By Philip Kinzett-Evans – Tax Director What every business owner needs to know about a
HMRC have clarified the position on Self Assessment tax return reporting requirements for directors of close companies and updated their guidance for directors of charities. A close company is a company that is owned or controlled by a small number of people, usually five or fewer shareholders. New requirements Additional
HMRC released updated Advisory Fuel Rates (AFR) effective from 1 Sept 2026, and there are key changes you need to know to avoid unexpected tax hits. Read more in our factsheet, which provides further details on how these changes may affect you. If you have questions relating to company cars,
Shortly after becoming Prime Minister, Andy Burnham said his government might need to ask people to pay “a little more” in tax. It sounded like a passing remark. For our clients, it is worth reading a good deal more into it. By Chris Davies – Partner Burnham has set out
Please note: Some of the tax content in the report may have been superceded since this report was published, so please get in touch with us for help setting up your business in the UK. We have published an updated guide to doing business in the UK, aimed at overseas
Relocating a company car overseas does not automatically bring the UK benefit charge to an end, as the legislation focuses on availability for private use, not geography. Whether an employer’s payment of transportation costs gives rise to a separate taxable benefit is a distinct and less straightforward question that depends
Under Making Tax Digital (MTD) for Income Tax, sole traders and landlords with income of more than £50,000 have been required to keep digital records and send quarterly updates to HMRC since 6 April 2026. The first quarterly submission deadline, covering the first three months of the 2026-27 tax year,
Payroll looks simple from the outside. Log the hours, run the numbers, pay the people. In reality, it’s one of the most rule-heavy parts of running a business, and the rules change constantly. As head of our payroll bureau, I see the same five issues catch out well-meaning business owners