UHY Ross Brooke Chartered Accountants

Tag: Accountant Hungerford

child benefit and income tax

World Kindness Day Nov 13th 2022

Our colleagues are all lovely people, and to celebrate World Kindness Day, we asked how they help others and volunteer their time. Thank you to all who shared with us, here are some highlights: Phil Kinzett-Evans helps out with the Rotary Club. He is organising the upcoming Santa Fun Run

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Beware of this mobile phone tax trap

It is common for businesses to enter into a contract with a telecoms company to provide mobile phones to the company’s staff. There is no benefit in kind on the provision of the mobile phone as there is a specific provision in Section 319 ITEPA 2003 to exempt such a

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tax law top slicing relief

Might you have paid too much tax?

HMRC has lost a recent case in respect of how it calculates the tax due on life assurance gains- the profits accrued over many years of owning a life assurance investment policy, which is later encashed. It was always understood, by tax advisers and financial advisers alike, that a relief,

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Public Sector IR35 rules to be extended to Private Sector

Since its introduction IR35 has been fraught with uncertainty and it has never produced the millions of extra tax revenue that the Government predicted. HMRC have very few officers working on IR35 cases and following numerous defeats before the Tax Tribunals the Government have decided that a different approach is

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2018 Budget

Budget 2018 Winners and Losers

With Brexit looming no-one was really expecting any earth shattering news but better than expected tax receipts allowed the chancellor to make some welcome tax cuts whilst taking the opportunity to tighten up some perceived abuses. Described by himself as his “rabbit out of the hat” he heralded an increase

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Headlines from the Spring Statement

This week Chancellor Philip Hammond set out changes to the government’s taxation income and expenditure in his first Spring Statement, many of which will have an impact on the way the UK’s small businesses operate in the future. The main tax theme seemed to be a significant focus on consultation

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Tax planning 5th April

Year end Tax Planning Reminder

It is that time of year again, when we start to think about the things we need to do for the tax year that we haven’t yet done. Save today for tomorrow! Accountants and Financial Advisers alike provide their hints and tips to their clients on how best to maximise

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