UHY Ross Brooke Chartered Accountants
The traditional approach to remuneration for many owner-managed businesses has typically involved taking a low salary, with the balance of income paid as dividends. The main reason for this has been that dividends are not subject to National Insurance Contributions, which generally results in a lower overall tax cost. However,
“I’m just selling my old clothes on Vinted. Do I need to pay tax?” Usually, no. If you are selling second hand clothes, shoes, toys, books or similar items that you originally bought for yourself, and you are simply getting rid of things you no longer want, HMRC generally does
NB This blog has since been updated – please visit June 2026 rates HMRC released updated Advisory Fuel Rates (AFR) effective from 1 March 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
UHY Ross Brooke has been named winner of the Newbury Town Business Civic Award 2026. The award recognises businesses that get involved in supporting the Newbury community, whether that is through volunteering, fundraising, or working with local charities and organisations. This year, our team’s work in the community has been
At UHY, helping you prosper remains at the heart of everything we do, and our Year End Tax Planning Guide is designed to help you make the most of current reliefs and planning opportunities before 5 April 2026. To keep the guide easy to navigate, we have structured it into
Many taxpayers preparing for Making Tax Digital (MTD) want to know exactly what records HMRC expects them to keep. Under MTD for Income Tax, digital record keeping becomes mandatory for many landlords and sole traders. These rules start from April 2026. What records must be kept for MTD? Taxpayers within
Many landlords are still asking the same question. Does Making Tax Digital apply to rental income? From April 2026, landlords with gross rental income above £50,000 will need to follow the new Making Tax Digital for Income Tax (MTD for IT) rules. If you earn income from property, this change
During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts. The Chancellor focused on how the
We’re excited to share that UHY Ross Brooke has been nominated for another award – the Business Civic Award at the Newbury Town Civic Awards 2026. This award was introduced by the Town Council to be presented to a business who, in the opinion of a panel of judges, has
The government has announced an over 40% increase in charge point grant amounts that will mean businesses, landlords and renters could save up to £500 on installing an electric vehicle (EV) charge point. Previously, the grant provided a discount of £350. The uplift could cover almost half the typical installation