UHY Ross Brooke Chartered Accountants
The government has announced plans to introduce a new levy, the High-Value Council Tax Surcharge (HVCTS), for owners of residential properties in England valued at £2 million or more. The surcharge is expected to come into effect in April 2028. A public consultation on the details will be held in
The deadline for filing your 2024/25 Self Assessment tax return is fast approaching. You must submit your return and pay any tax due by 31 January 2026 to avoid penalties and interest. To meet the deadline, you will need to make sure you have: All income details, including any employment,
The recent Budget confirmed that dividend tax rates will increase from April 2026. The ordinary and upper rates of dividend tax will both rise by 2%. For many small and medium-sized companies, dividends are central to how owners pay themselves. With the tax rates rising, your pay and profit extraction
This issue highlights the shifts most likely to impact planning, compliance obligations and day-to-day decision-making. Whether you’re navigating new HMRC scrutiny, adapting to digital reporting, or reassessing wealth protection strategies, our summaries will help you stay informed and ready to act. In this edition, we cover: Inheritance Tax reform: forthcoming
Autumn Budget 2025: What Does It Mean for Your Business? After weeks of speculation about what Budget 2025 would contain, the Chancellor was unexpectedly upstaged when the Office for Budget Responsibility (OBR) accidentally published their report revealing key policy measures ahead of the official announcement. Although the report was quickly
With high demand for new housing in the UK, homeowners with larger gardens may consider selling part of their land or developing it themselves. However, tax implications can be complex. While private residence relief may apply in some cases, other transactions could be subject to capital gains tax or even
On 26 November 2025, Chancellor Rachel Reeves delivered her second Budget to Parliament. This was a Budget shaped by ongoing economic pressure, with the government conceding that fresh tax rises were needed despite hopes of a quieter year. The result is a package that will touch most households and signals
As the festive season approaches, HM Revenue & Customs (HMRC) is urging anyone who earns money from Christmas crafts, seasonal market stalls, or selling festive items to check whether they need to report their earnings for last year. HMRC’s “Help for Hustles” campaign highlights the importance of understanding when extra
If you have been appointed in a will to act as executor, you don’t legally have to do this. If you’re not comfortable or able to take on the responsibility, you can decline. To do this, you would typically file a formal renunciation with the probate court using a PA15
The Government’s 2027 IHT pension reforms will bring most unused pension pots into an individual’s taxable estate, increasing the importance of lifetime gifting as a planning strategy. By Tom Annat – Senior Tax Manager Inheritance tax (IHT) continues to attract significant attention, especially with upcoming changes to pension rules. From