UHY Ross Brooke Chartered Accountants
The Autumn Budget 2024 saw the announcement of a key change in the way pensions will be treated for Inheritance Tax (IHT). The new rules will mean that from 6 April 2027, undrawn pension funds will no longer be exempt from IHT. This is a significant change and has thrown
Probate is a legal process which gives the executors of an estate authority to share out the estate of the person that has died (the testator) according to the will. Probate is not always required so it’s important to check if you require a grant of probate to access the
Take a look at Chris Davies’ short video where he shares a great tip for saving tax and which could also improve your firm’s efficiency. If you run a limited company where you’re the only employee and also the director, then you probably know that you’re not eligible for the
For many business owners, the question of how to pay themselves is one they revisit year after year. Should you take a bigger salary? Increase your dividends? Adjust the balance between the two to optimise for tax? It’s a conversation that comes up often, and understandably so. On the surface,
Landlords & Self Employed – Changes to income reporting – MTD 2025 Take a look at Chris Davies’ short video which explains what landlords and the self employed need to know about MTD. If you’re self-employed or a landlord in the UK, there are big changes coming your way –
We’re pleased to share the first edition of our new ‘In the know’ series, where we’ll be sharing timely insights and regulatory updates that could affect you or your organisation. We’re kicking things off with a tax-focused issue, covering the latest developments shaping the UK tax landscape. From upcoming digital
Take a look at Chris Davies’ short video explaining the new laws coming into force for companies registered at Companies House. If you’re a director, person with significant control (PSC), or someone who files on behalf of a company, this applies to you. If you prefer to read rather than
Given that winning or, more likely, accumulating one million pounds is not so rare these days, what steps should you take to keep as much of it as possible out of the hands of HMRC? By David Jones This is the kind of tax-planning problem we would all like to
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.
If you’re a sole trader or landlord with annual income over £50,000, a major change is coming your way. From 6 April 2026, you may be required to keep digital business records and submit quarterly updates to HM Revenue and Customs (HMRC) under Making Tax Digital (MTD) for Income Tax.