UHY Ross Brooke Chartered Accountants
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
This February, we delve into a range of developments that may affect you and your organisation, including tax refunds owed by HMRC, inheritance tax reliefs, updates on Making Tax Digital and VAT compliance. In the February 2026 issue of our In the know: tax, we look at a range of developments
With just 8 weeks or so to go until the new tax year, many businesses are preparing for the changes that Making Tax Digital (MTD) will bring. From April, sole traders and landlords with an income of over £50,000 will need to submit quarterly updates to HMRC. It is estimated
In a surprise move, the government announced a major change to the agricultural property relief (APR) and business property relief (BPR) reforms that will take effect from 6 April 2026. The full 100% relief from inheritance tax will now apply to the first £2.5 million of qualifying assets, up from
Don’t miss the Self-assessment tax deadline! Remember to file your tax return for tax year 2024/25 by 31st January 2026, but don’t leave it till the last minute to prepare or submit it! This is the final deadline for electronic submission for individual, partnership and trust self assessment tax returns
The Autumn Budget 2025 introduced a significant change to the way pension contributions are treated for National Insurance purposes. Salary exchange arrangements have been a popular and efficient way to save for retirement. The government has now decided to limit the National Insurance relief that applies to these schemes. At
As the 31 January Self Assessment deadline approaches so will the increase in attacks from scammers.. According to HMRC, more than 4,800 Self Assessment scams have been reported to them since February 2025. In all, they have received more than 135,500 reports of suspected scams, including 29,000 that referred to
HMRC has announced several VAT changes, including new powers to extend final return deadlines, revised interest rates and plans to broaden relief for charitable donations. UHY’s latest In the know explains what these updates mean for businesses, charities and pension fund managers. In this issue, we focus on HMRC’s major
The Economic Crime and Corporate Transparency (ECCT) Act 2023 introduced a number of wide-ranging reforms for UK companies. The Act looks to tackle economic crime, bolster accountability, improve transparency and instil a culture of trust among UK corporates. The provisions include a number of developments regarding Companies House which empower
The recent Budget confirmed that dividend tax rates will increase from April 2026. The ordinary and upper rates of dividend tax will both rise by 2%. For many small and medium-sized companies, dividends are central to how owners pay themselves. With the tax rates rising, your pay and profit extraction