UHY Ross Brooke Chartered Accountants
HMRC have launched a handy new digital VAT Registration Estimator tool, with the aim of helping small business to determine if and when to register for VAT, including voluntary registration. By Chris Davies How to use the VAT Registration Estimator: Before starting you will need information to hand about your business income
From 1 August 2024, selling fees charged by Amazon to UK vendors will be subject to VAT at 20%. This is because of a change in the legal entity that charges the fees. Previously, fees were charged by Amazon Service Europe S.a.r.l (ASE), which did not have a UK establishment,
The widely reported IT outage in July caused significant disruption worldwide. In this case the fault was essentially due to a bug in a security update rather than a cyber-attack, but it demonstrated the vulnerability of networks. The government announced its plan during the King’s Speech to introduce a Cyber
At UHY Ross Brooke, we are proud of our long-standing annual sponsorship of a race at Newbury Racecourse. Each July, we eagerly await this event, which has become a highlight in our calendar. We know that it is a popular event and is a way for us to show our
Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession but is now a statutory exemption provided certain conditions apply. The exemption applies to an “annual party or similar function” provided it is available to all employees or
The government has now issued the draft legislation to abolish the special tax treatment of furnished holiday lettings (FHL) with effect from 6 April 2025 for individuals (1 April 2025 for corporation tax). This change will remove the tax advantages that current FHL landlords have received over other property businesses
As technology moves ever forward, the use of AI and machine learning tools within accountancy is on the rise, with continual developments being made. By Sarah Hardy Xero recently announced their new JAX tool (short for Just Ask Xero) which adds a whole new layer of support for clients, accountants
The Institute of Chartered Accountants in England and Wales (ICAEW) have reported that HM Revenue and Customs (HMRC) are contacting taxpayers they believe may have overclaimed Business Asset Disposal Relief. What is Business Asset Disposal Relief (BADR)? BADR, which was formerly known as entrepreneur’s relief, is a tax relief that’s
What are your rights if you feel aggrieved by the tax authorities? Dealing with HM Revenue & Customs (HMRC) can sometimes be challenging. Long wait times when phoning for help, incorrect refund amounts, errors in tax codes and other issues can cause frustration. In recent months and years the decline
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. The UK business environment is considered by many to be one of the world’s most