UHY Ross Brooke Chartered Accountants
At the core of the EOT’s framework is the principle of employee benefit. For a trust to qualify as an EOT, it must operate for the benefit of all employees on an equal basis. This does not mean that every employee must receive the same financial benefit, but rather that
Environmental, Social, and Governance (ESG) reporting has rapidly become a vital element of corporate strategy and transparency. Beyond being a regulatory requirement for certain organisations, it plays a key role in shaping investor decisions, driving sustainability, and enhancing brand reputation. Yet, despite its growing importance, there are several lesser-known aspects
Download our handy tax card which shows the latest tax rates for the taxes we are asked most about. This summary contains the key tax rates and allowances for the 2024/25 tax year, as applicable to persons resident and permanently settled in the UK. It is not an exhaustive list
Environmental, Social, and Governance (ESG) reporting is becoming increasingly important for small and medium sized businesses. SMEs that adopt ESG principles can gain a competitive edge, attract investors, and strengthen their brand reputation. With increasing regulatory focus and consumer demand for responsible business practices, now is the time for SMEs
If you trade as a limited company, then you will likely know that balancing salary and dividends is key to extracting profit from your company in the most tax-efficient way. Both methods have distinct implications. and the right mix will depend on your specific circumstances. The Autumn Budget, with its
Employee Ownership Trusts (EOTs) are becoming an increasingly popular business structure in the UK. Introduced in 2014, EOTs provide a tax-efficient way to transition ownership while fostering employee engagement and long-term business sustainability. There are several compelling reasons why businesses should consider adopting this innovative model. By Chris Davies One
Creating a government business tax account with Her Majesty’s Revenue and Customs (HMRC) in the UK is an essential step for businesses to manage their taxes online. Here is a step-by-step guide to help you set up your account. 1. Prepare information Before starting, ensure you have the necessary information
This is a timely reminder that employers may make small tax-free gifts to employees and directors if all of the following conditions apply: This is known as the ‘trivial benefit’ exemption. Employers do not need to pay tax or National Insurance or let HMRC know, however, they need to keep
HM Revenue and Customs (HMRC) have issued a reminder to be careful about scam attempts that target people filing Self Assessment tax returns. In the last year, nearly 150,000 scam attempts were referred to HMRC, a 16.7% increase on last year. With the 31 January 2025 filing deadline approaching, fraudsters
By Mathew Browne Definition of a large company for quarterly instalment payments (QUIPs): A large company is one whose profits for the accounting period in question are at an annual rate of more than £1.5 million but less than £20 million. Accounting period beginning after 1 April 2023: For accounting