UHY Ross Brooke Chartered Accountants
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.
A new HMRC consultation could change how millions pay their Self Assessment tax. From April 2029, anyone with both a PAYE job and Self Assessment income (think: employed plus a side business, freelance work, or rental income) could see their tax deducted directly from their pay each payday, instead of
The announcement of mandatory payrolling for Benefits In Kind was originally expected to start in April 2027, but following industry pressure, it will now be introduced in two phases. Phase 1 will continue to be rolled out from 6 April 2027, with Phase 2 starting a year later on 6
We Will Discuss Why Waiting Could Cost More Than You ThinkThe importance of planning before circumstances – or rules – change. Trusts Beyond the MythsWhy trusts are no longer just for the wealthy. The Forgotten IHT ExemptionHow regular gifts out of income can pass wealth tax-efficiently during your lifetime. Trusts
Your Pension Could Soon Form Part of Your Taxable Estate For many people, a pension has long been seen as more than just a retirement pot. With careful planning, unused pension funds could be passed to children or grandchildren free of inheritance tax. From 6 April 2027, that changes, and
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
Company directors often ask us whether buying a company car through the business is a good idea. And in view of the current feeling towards petrol and diesel cars, now is a good time to consider the benefits of electric vehicles. Benefits to the company of an electric company car
For the first time since 2011, the government has increased the approved mileage rate for employees using their own car for business travel. From 6 April 2026, the new rates are: First 10,000 business miles: 55p per mile (previously 45p) Over 10,000 business miles: 25p per mile (unchanged) The increase
If you sell on eBay, Vinted, Etsy, Facebook Marketplace or similar platforms, you’ve probably asked yourself the same question at least once:“Do I actually need to declare this to HMRC?” The honest answer is: sometimes yes, sometimes no. A lot of people assume that if they are only selling online