UHY Ross Brooke Chartered Accountants
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
Loretta and Jenny walked 20km along the Kennet and Avon Canal on 22nd May. They have raised £765 so far for the local MNDA support group, for their inspirational friend, Colin. Loretta said “Thank you so much to everyone who sponsored us in the above walk , which took place
We’re rooting for Loretta from our Newbury office, and Jenny a valued ex-colleague, who will be walking 20 km along the Kennet and Avon Canal on 22nd May to fundraise for the local MNDA support group, for their inspirational friend, Colin. He has had MND for several years and with
HM Treasury issued, just before Christmas, a long-awaited response to an Independent Review (“the Review”) of the Disguised Remuneration Loan Charge, with a withdrawal from its previous hard line of application. The Review, commissioned by the Chancellor and undertaken by Sir Amyas Morse, runs to a published Report of no
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,
In under 6 months the Government’s first phase of digital taxation for businesses “ Making Tax Digital for VAT ” goes live, yet there still appears to be very little knowledge of what the rules are, who they apply to or when they start. The new rules will apply for
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
New data shows that businesses in the UK have already been fined more than £65 million since April last year for failure to submit their accounts on time. The figures released by Companies House show that between April and December 2015 more than 140,000 penalties were issued to businesses. In
In this update we go back to basics and look at how HMRC chooses individuals and businesses for enquiry once it has received the finalised returns. Tax gap by type of tax: The current tax gap is estimated to stand at just shy of £34bn: Income Tax, National Insurance Contributions