UHY Ross Brooke Chartered Accountants
Over the past few months the UK financial press has been busy predicting what may appear in the Autumn Budget. While nothing is confirmed until the Chancellor stands up at the despatch box, the direction of travel being trailed would point to targeted revenue-raisers rather than broad-brush cuts. Below I’ve
From April, people drawing the state pension may see an increase of more than £500 a year, thanks to the government’s triple lock guarantee. The policy means the pension rises each year by whichever is higher: 2.5%, inflation, or average wage growth. The latest figures from the Office for National
HMRC has unveiled its Transformation Roadmap, setting out an ambitious plan to modernise the UK tax and customs system by 2030. The roadmap promises a shift towards a more automated, digital-first tax system, with over 50 projects in the pipeline: from a new PAYE self-service portal to AI-powered fraud detection
🔥 Chris Davies is back with the latest short video in the series everyone’s talking about! In this new episode, he dives into how you can save money on an electric vehicle, and it’s packed with insights you won’t want to miss. 🎥 Check it out here 👉 Trust us
The government is pressing ahead with Making Tax Digital (MTD) for Income Tax – and it will affect many sole traders and landlords over the next few years. Here’s what’s changing, when it’s changing, and how to get ready. What is MTD for Income Tax? Under MTD, sole traders and
Our second tax-focused edition highlights more key developments in the UK tax landscape. From digital tax deadlines to significant legislative changes, this update is designed to keep you informed and compliant. This issue includes articles on: Umbrella companies: what they are and why you need to know Right to work
Recently, we’ve seen a surge in calls from concerned clients who have received amended tax calculations (SA302) from HMRC. From April 2024, compulsory Class 2 National Insurance Contributions (NICs) of £179.40 were abolished for self-employed individuals with profits exceeding £6,725. Those with profits below this threshold can still make voluntary
In recent years, there has been a noticeable surge in Inheritance Tax (IHT) liabilities. HMRC has just published a report on IHT liabilities up to 2022-2023 tax year, see graph below. The graph shows liabilities consistently around the £5bn mark for the 4 years 2016/17 to 2019/20, then, a large
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.
Chris Davies has been busy behind the camera again! We’ve just released another short video from Chris, this time explaining the benefits of payrolling employee benefits in kind. His recent videos have sparked some great conversations, and we’d love to hear your thoughts on this one too. Watch here Let