UHY Ross Brooke Chartered Accountants
Landlords – Changes to income reporting – MTD 2025 Making Tax Digital (MTD) for income tax will be mandated for a large group of self-assessment taxpayers from 6 April 2026, with even more individuals being mandated in 2027 and 2028. If your combined turnover from a property or sole trade
With the tax/financial year end approaching, now is a good time to check that you’re making the most of the available reliefs and allowances available to you. Please talk to us if you think any of the issues affect you. Savings If you have some spare cash, an obvious tax
With just 8 weeks or so to go until the new tax year, many businesses are preparing for the changes that Making Tax Digital (MTD) will bring. From April, sole traders and landlords with an income of over £50,000 will need to submit quarterly updates to HMRC. It is estimated
HM Revenue & Customs (HMRC) reports that more than 6.36 million people have already submitted their Self Assessment tax return for the 2024/25 tax year. However, they say around 5.65 million taxpayers still need to file, with the statutory deadline of 31 January 2026 now close. While filing remains possible
In a surprise move, the government announced a major change to the agricultural property relief (APR) and business property relief (BPR) reforms that will take effect from 6 April 2026. The full 100% relief from inheritance tax will now apply to the first £2.5 million of qualifying assets, up from
Don’t miss the Self-assessment tax deadline! Remember to file your tax return for tax year 2024/25 by 31st January 2026, but don’t leave it till the last minute to prepare or submit it! This is the final deadline for electronic submission for individual, partnership and trust self assessment tax returns
The Autumn Budget 2025 introduced a significant change to the way pension contributions are treated for National Insurance purposes. Salary exchange arrangements have been a popular and efficient way to save for retirement. The government has now decided to limit the National Insurance relief that applies to these schemes. At
As the 31 January Self Assessment deadline approaches so will the increase in attacks from scammers.. According to HMRC, more than 4,800 Self Assessment scams have been reported to them since February 2025. In all, they have received more than 135,500 reports of suspected scams, including 29,000 that referred to
HMRC has announced several VAT changes, including new powers to extend final return deadlines, revised interest rates and plans to broaden relief for charitable donations. UHY’s latest In the know explains what these updates mean for businesses, charities and pension fund managers. In this issue, we focus on HMRC’s major
As the due date for January self-assessment liabilities approaches, it may be timely to remind you that if you are worried about paying your tax bill in one lump sum, you may be able to spread the cost. Although the deadline to file your tax return and pay any tax