UHY Ross Brooke Chartered Accountants
HMRC launched a consultation earlier this year, which we have been monitoring with close interest. It is possible it could significantly change how company owners take money out of their businesses tax-efficiently in certain circumstances. By Philip Kinzett-Evans – Tax Director What every business owner needs to know about a
Relocating a company car overseas does not automatically bring the UK benefit charge to an end, as the legislation focuses on availability for private use, not geography. Whether an employer’s payment of transportation costs gives rise to a separate taxable benefit is a distinct and less straightforward question that depends
Payroll looks simple from the outside. Log the hours, run the numbers, pay the people. In reality, it’s one of the most rule-heavy parts of running a business, and the rules change constantly. As head of our payroll bureau, I see the same five issues catch out well-meaning business owners
This issue explores a range of developments shaping the tax landscape for individuals and businesses alike. HMRC continues to increase its scrutiny in several key areas, from close companies and Business Asset Disposal Relief claims to R&D tax relief. Wider legislative and accounting changes are creating new considerations for business owners
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
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.
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 recovered £6.3bn from 255,000 investigations into individuals and small businesses last year, with the average yield per investigation rising 23% to £24,700. Increasing tax complexity is leaving small businesses exposed, often through no fault of their own. By Phil Kinzett-Evans Press release covered in SME Magazine, Business & Accountancy
Keeping up with tax and regulatory change is no small task. The June 2026 edition of ‘In the know: tax’ brings together the key developments businesses and individuals need to be aware of right now, clearly explained and with practical guidance on next steps. This edition covers a wide range