UHY Ross Brooke Chartered Accountants
An individual’s tax residency position in the UK is considered by reference to the Statutory Residence Test (SRT). The legislation is actually made up three tests which determine an individual’s UK residency position. The rules can be complex and require careful consideration. Getting things wrong can be costly, particularly where
Autumn Budget 2025: What Does It Mean for Your Business? After weeks of speculation about what Budget 2025 would contain, the Chancellor was unexpectedly upstaged when the Office for Budget Responsibility (OBR) accidentally published their report revealing key policy measures ahead of the official announcement. Although the report was quickly
On 26 November 2025, Chancellor Rachel Reeves delivered her second Budget to Parliament. This was a Budget shaped by ongoing economic pressure, with the government conceding that fresh tax rises were needed despite hopes of a quieter year. The result is a package that will touch most households and signals
Chancellor Rachel Reeves will deliver her Autumn Budget on 26 November, setting out the government’s latest tax and spending plans. Join us the next day as our UHY tax experts unpack the announcements and explore what they mean for you, your family and any business interests. Richard Stanley, head of
We’re not sure what will be announced in the Autumn budget, but there’s certainly plenty of speculation. Chris Davies discusses some of the most talked about possibilities and what they could mean for businesses, employers, and individuals across the UK. 👉 Watch now to stay informed and get prepared. If
The Autumn Budget introduced significant changes to the UK tax system. Now, nine months on, the impact is being felt, not just in legislation, but in the way clients are thinking, planning, and engaging with their advisers. But with change comes opportunities and we’re here to help you exploit them.
The UK government has abolished the Furnished Holiday Lettings (FHL) tax regime, effective from April 2025. This change marks a significant shift in how holiday let properties are taxed, aligning them with other property businesses. Property owners need to be aware of these changes and how it will affect them.
From 6th April 2025, the removal of domicile as a connecting factor for inheritance tax (IHT) will have a significant impact on trusts and not just individuals. Prior to 6th April 2025, non-UK assets could be settled on trust by a non-UK domiciled settlor and remain outside the scope of
Prior to April 2025, an individual resident in the UK but not UK domiciled, had the option to be taxed on foreign income and gains to the extent they were ‘remitted’ (brought) to the UK. In contrast, a UK resident and UK domiciled individual, did not have this option and
From 6th April 2025, the inheritance tax regime (IHT) in the UK will move to a residency based system. Prior to this, IHT was linked to a person’s ‘domicile’ status. This allowed long term UK residents who were non-UK domiciled to protect foreign assets from UK IHT. By Tom Annat