UHY Ross Brooke Chartered Accountants
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
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