UHY Ross Brooke Chartered Accountants
By Chris Davies During a meeting with a potential new client recently, a question was posed which their existing accountant had been unable to answer. It’s probably quite a common situation, although perhaps ignored by many. The question was “We give non-cash vouchers in return for referrals from third parties.
We have seen anecdotal evidence that basic VAT Registrations are currently taking around 8 weeks to be processed, with more complex/group/land related registrations taking many months. We have received notifications from HMRC that the expected date for some of these more complex cases may be as late as February 2023,
Over the last few days, we have seen a gradual dismantling of the mini-budget of Friday 23 September 2022, along with the economic policies that Prime Minister Liz Truss based her leadership campaign on. On Friday 14th October, Ms Truss announced a change of Chancellor, from Kwasi Kwarteng to Jeremy
By Chris Davies How important is it to keep historical VAT records?……….Very, if you read the recent Supreme Court case concerning NHS Lothian Health Board and HMRC. This case concerned recovery of input VAT incurred over the period 1974 to 1997. Initially the tax at stake was £7M, but after
In 2020/21 there were 1,275 R&D claims in the Agriculture, Forestry and Fishing industries; of these, 1,180 were small and medium sized enterprises (SMEs) and 35 were R&D expenditure credit (RDEC) claims, made by large UK companies. These claim values had a combined eligible expenditure of £375m, with resulting savings
Facing huge criticism and market turbulence following his announcement of a series of “growth” measures, Chancellor Kwasi Kwarteng has backtracked on his decision to abolish the 45p rate of income tax paid by people earning more than £150,000 a year. The proposal to scrap the rate had been criticised as
Gift Aid Awareness Day is on 6th October 2022 and will be using the #TickTheBox tag. By raising awareness for charities to promote Gift Aid, it is hoped that more taxpayers will tick the box when making charitable donations, and, as all charities should know, that will increase the total value
by Phil Kinzett-Evans The Government’s mini-Budget has come under a great deal of criticism, but there were things that businesses can utilise to strengthen their growth position and invest in their human capital: Existing businesses The well noted removal of the increase to Corporation Tax means that companies who budgeted
Are you wondering how this week’s mini budget could impact you? Download our summary of the key points from the September 2022 Mini-Budget, which includes: Chancellor reveals his plan for growth National Insurance Contributions Income tax Business Stamp Duty Land Tax Energy prices NHS The week leading up to Chancellor
The government has thrown a lifeline to businesses, charities and public sector organisations such as schools and hospitals, with its energy price cap announcement. The wholesale price for non-domestic energy is expected to be fixed at £211 / MWh for electricity and £75 / MWh for gas; an estimated 45%