UHY Ross Brooke Chartered Accountants
HMRC has launched a fresh summer campaign reminding people with “side hustles” that extra income may need to be reported for tax purposes. The announcement specifically highlights people earning income from wedding services, online selling, content creation, freelancing and similar activities. The key figure remains the £1,000 trading allowance. If
The Chancellor of the Exchequer, John Healey, has announced that Budget 2026 will be presented on 28 October 2026. Announcing the date, the Chancellor said that the Budget will ‘move money and power out of Westminster, and into every postcode around Britain’. He also stressed that the government would continue
Welcome to UHY Global Issue 22 – a special edition celebrating 40 years of UHY while exploring the trends and opportunities shaping international business. From the resurgence of bricks-and-mortar retail and the reality of AI adoption, to the growth of Central and Eastern Europe and the evolving world of outsourcing,
Ten staff, one pay date, one spreadsheet. Simple. Then the business grows, and that same spreadsheet grows ten tabs, three sets of formulas, and one person who understands how it all fits together. If that person is off sick on pay day, you have a problem. This is what growth
Companies and individuals that are careless or even illegal in their tax affairs need to watch out. New figures show that HMRC has paid out £1.4 million in rewards to whistleblowers of tax illegality. A record number of reports were made to HMRC in the 2025-26 tax year, hitting 170,992.
Most businesses using Xero are only scratching the surface of what the software can do. The right setup and a few targeted changes can reduce manual admin, speed up invoicing and give business owners better visibility over their finances. By Sarah Hardy If you use Xero in your business, it
One in four of Britain’s manufacturers has moved production abroad or is seriously considering it, according to research by Make UK, formerly the Engineering Employers’ Federation. The manufacturers’ lobby group said high energy costs have prompted this shift in production, with UK kilowatt-hour charges nearly double those in comparable industrialised countries.
The announcement of mandatory payrolling for Benefits In Kind was originally expected to start in April 2027, but following industry pressure, it will now be introduced in two phases. Phase 1 will continue to be rolled out from 6 April 2027, with Phase 2 starting a year later on 6
You can probably think of a few suspect looking shops on your own High Street but “owners of dodgy shops” that are evading tax are warned to watch out as Dan Tomlinson, Exchequer Secretary to the Treasury, announced that HMRC will make 30,000 high-street ‘interventions’ in the coming year as
HMRC released updated Advisory Fuel Rates (AFR) effective from 1 June 2026, and there are key changes you need to know to avoid unexpected tax hits. Staying aligned with these rates ensures that fuel reimbursements aren’t treated as taxable income, protecting both the business and the employee from unnecessary National