UHY Ross Brooke Chartered Accountants
On 29 July 2024, the Chancellor announced that as of 1 January 2025, for all education services and vocational training supplied by a private school, or a connected person, a charge will be subject to VAT at the standard rate of 20%. Boarding services provided by a private school, or a
What are your rights if you feel aggrieved by the tax authorities? Dealing with HM Revenue & Customs (HMRC) can sometimes be challenging. Long wait times when phoning for help, incorrect refund amounts, errors in tax codes and other issues can cause frustration. In recent months and years the decline
On 1 October 2024, the Employment (Allocation of Tips) Act 2023 will come into effect, introducing significant changes to how tips are managed and distributed in the hospitality industry. This legislation aims to improve fairness by mandating that all tips, gratuities, and service charges are allocated fairly among employees. The
As a business owner, you’ll likely be wondering how the upcoming general election on 4 July 2024 is likely to affect your business. A new government can mean significant legislative changes and tax upheavals that can impact your business operations and financial planning. The parties have issued their manifestos, so
As the rental, holiday let, and Airbnb markets continue to thrive in the UK, property owners are increasingly faced with complex financial and regulatory challenges. Navigating this landscape can be daunting, especially when it comes to ensuring compliance and maximising financial returns. This is where a specialist landlord accountant becomes
The allure of additional income from holiday lets and Airbnb properties has captivated many homeowners across the UK. However, with the rise of such ventures comes an increased focus from HM Revenue & Customs (HMRC). More and more taxpayers are finding themselves under the microscope for undeclared income from these
Most of us have never been involved in dealing with someone’s ‘estate’ until a person close to us dies. Being confronted by a mass of legal terms and procedures can be daunting, particularly when we are also dealing with bereavement. Putting the right things in place well in advance; such
If there is an international dimension to your personal or business or corporate financial affairs then you should be very aware that times are changing, and the aggressiveness of tax authorities, certainly across the UK and EU is on the up. Period. By David Jones – Tax Director The tax
In the UK, the highest capital gains tax rate on the sale of shares in a business is 20%. However, this rate can be reduced to just 10% on the first £1 million of taxable gains if the sale qualifies for Business Asset Disposal Relief (BADR). By Chris Davies In
In the last Budget the Chancellor announced a number of proposed changes to the taxation of Furnished Holiday Lets (FHLs) including Airbnb type lettings, but before looking at these it is probably worthwhile reminding ourselves of the existing rules. Tax advantages of FHLs Since the special tax rules were introduced