UHY Ross Brooke Chartered Accountants
Calling at 23 different towns and cities across the UK, the special ten-year anniversary tour will mark the official countdown to Small Business Saturday on 3 December 2022. ‘The Tour’ kicked off in Glasgow on Monday 31 October 2022 and will travel across the UK for five weeks, spotlighting Britain’s
Blog by Rhys Madoc CEO, UHY International The changing nature of work, fuelled by advancing technology, globalisation and worldwide lockdowns, means that good project management is more important than ever. As the number of business teams working remotely increases, the ways in which we engage workers and develop our processes
Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes and technologies and their flow across different sectors is a significant driver of economic growth and productivity. Recently, innovation has also been
STOP PRESS (Jan 2023): Making Tax Digital for income tax self-assessment (MTD ITSA) has been delayed again – the new timescales are here. The benefits to going digital though, remain. By Sarah Hardy The phased introduction to the service is still on track, beginning with businesses, self-employed individuals, and landlords
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