UHY Ross Brooke Chartered Accountants

Category: Personal Tax

couple paying tax

What is a grant of probate and do you need one?

When it comes to dealing with a death, many of us have already heard of the term “Probate”, but not everyone understands what it means, nor whether it is even needed. By Michael Brooke What is a Grant of Probate? It makes sense to explain first of all what a

Read More »
crypto tax accountant and advisors

Facing the challenges of cryptoasset taxation

The rise of cryptocurrencies and other cryptoassets has presented tax authorities around the world with a new and unique set of challenges. By Phil Kinzett-Evans – Crypto Tax Director The rise of cryptocurrencies presents a new challenge for tax authorities around the world. These challenges include the lack of uniform

Read More »
tax investigation insurance

Tax investigations – don’t wait for HMRC to come calling

HMRC enquiry data The number of tax compliance checks HMRC opened in 2022/23 increased to 299,000. This represents a 21% increase across the two tax years since 2020/21. More recently, it is clear that HMRC has increased its compliance checks post pandemic. So far in 2023/24, HMRC has opened 237,000

Read More »
act now HMRC deadlines

Pre-April tax planning reminder

The new tax year starts 6 April 2024, so you have a couple of months to consider your options. Once we pass this date the majority of the tax planning options for Income Tax and Capital Gains Tax (CGT) purposes will be lost for this year. Do you fall into

Read More »
pickup truck tax change

HMRC brings Double-Cab Pickup tax perk to a screeching halt

UPDATE: 21/2/2024 Double-cab pick up U-turn Further to the revised HMRC guidance issued last week regarding double-cab pickup trucks, after pressure from the agricultural and motor industry the Government have decided to retract that guidance and will make amendments in the next Finance Bill to reflect that NO changes will

Read More »
couple paying tax

Taxation for couples – tips for 2024/25

It may surprise some readers to learn that independent taxation was not introduced until 1990. Up until that point, a married woman’s income was considered part of her husband’s for tax purposes. Thankfully, progress has been made since then and husbands and wives are now taxed separately. By Tom Annat

Read More »
tax efficient strategies for investors

10 Tax-Efficient Investments for UK Investors

Whenever considering choice of investments, tax efficiency plays a crucial role in maximising returns and minimising liabilities. For UK investors, understanding which investments offer favourable tax treatment can significantly impact long-term financial planning. By Chris Davies Here are ten tax-efficient investment options to consider: 1. Individual Savings Accounts (ISAs) ISAs

Read More »
tax advice for musicians

Musicians and Taxes: Hitting the right note

Musicians and taxes often seem like an unlikely duo, with the intricate art of music on one side and the complex world of tax regulations on the other. This disparity in skills means many musicians find themselves overpaying taxes, unaware of the significant savings they could make by taking advantage

Read More »