UHY Ross Brooke Chartered Accountants

Tag: Accountants Swindon

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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trainee accountants Abingdon

2022 AAT Training Programme now open to applicants

Entry Level Accounts Trainees Take the first step into your accountancy career with our Swindon or Hungerford Team. If you aspire to a career in accounting, you have come to the right place. Don’t just take it from us, here’s what our current trainees tell us… ‘I have always been

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HMRC loan charge

Loan Charge Review Update

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

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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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A timely reminder?

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

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Tax Investigations Update

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

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Budget 2015 – Brave New World

As avid fans of online computing, we were pleased to hear in Budget 2015 of the Chancellor’s plans to move reporting for tax purposes into the digital era with the ultimate aim of removing the requirement to submit the annual tax return. For those that believe that this means that

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