UHY Ross Brooke Chartered Accountants
If you run a business as a sole trader, the way you report tax to HMRC will soon change. Under Making Tax Digital for Income Tax, many self employed individuals will need to switch to digital record keeping and quarterly reporting. The first phase begins in April 2026. Do sole
One of the first questions people ask when preparing for Making Tax Digital is which accounting software they should use. HMRC requires taxpayers within MTD to keep digital records and submit updates using MTD compatible software. Selecting the right system can make the process much easier. What should MTD software
The Cycle to Work scheme continues to attract interest from employees and employers alike looking to optimise their salary package and perhaps gain a tax break. Below is an overview for businesses considering running a scheme or reviewing their existing arrangements. The Basic Structure The scheme allows an employer to
The Spring Statement will be delivered in Parliament on 3 March, giving an update on the state of the UK economy and the government’s financial outlook. Unlike the Autumn Budget, the Spring Statement is unlikely to be used for big tax decisions. For businesses it is a useful event as
Many UK landlords still do not realise that Making Tax Digital (MTD) will soon change how rental income is reported to HMRC. From April 2026, landlords with total property and business income above £50,000 must follow the new Making Tax Digital for Income Tax (MTD for IT) rules. If you
This February, we delve into a range of developments that may affect you and your organisation, including tax refunds owed by HMRC, inheritance tax reliefs, updates on Making Tax Digital and VAT compliance. In the February 2026 issue of our In the know: tax, we look at a range of developments
A number of tax tribunal cases in the last three years or so have revealed the risks of using AI to support cases. As a result, professional institutes are advertising a new special section within the Professional Conduct in Relation to Tax (PCRT), related to AI use. By David Jones
HM Revenue & Customs has started using GOV.UK One Login for taxpayers signing up to its digital services for the first time. This means that if you do not already have a Government Gateway account, you will now register using an email-and-password login rather than needing to obtain a 10-12
We’re proud to be finalists in the NWN Best Professional Services and Best Employer 2026 awards. It’s fantastic recognition of the commitment our team shows to our clients and to the local community every day. We’re keeping everything crossed for when they announce the winners in April.
Landlords and self-employed – Are you ready for MTD? If you receive income from rental properties or self employment, the way you report your tax may be changing from April 2026. Watch Kyle’s short video which explains whether you are affected, how, and what you should do as soon as