UHY Ross Brooke Chartered Accountants
Over the last few days, we have seen a gradual dismantling of the mini-budget of Friday 23 September 2022, along with the economic policies that Prime Minister Liz Truss based her leadership campaign on. On Friday 14th October, Ms Truss announced a change of Chancellor, from Kwasi Kwarteng to Jeremy
Facing huge criticism and market turbulence following his announcement of a series of “growth” measures, Chancellor Kwasi Kwarteng has backtracked on his decision to abolish the 45p rate of income tax paid by people earning more than £150,000 a year. The proposal to scrap the rate had been criticised as
by Phil Kinzett-Evans The Government’s mini-Budget has come under a great deal of criticism, but there were things that businesses can utilise to strengthen their growth position and invest in their human capital: Existing businesses The well noted removal of the increase to Corporation Tax means that companies who budgeted
HMRC have updated their guidance to companies applying for Advance Assurance that the company seeking finance qualifies for one of the generous venture capital tax reliefs that are currently available. Individual investors may obtain an income tax deduction of 50% if the company qualifies for Seed Enterprise Investment Scheme (SEIS)
The SEIS was created to encourage individuals and other businesses to invest in new enterprise and entrepreneurship in return for tax incentives. Under the scheme, individuals can invest a maximum of £100,000 in a single tax year, which can be spread over a number of companies. In return they
Our tax manager Claire was recently approached by an individual who had realised a capital gain of approximately £100,000 and was faced with a forthcoming tax liability of approximately £25,000. His friend had recommended him to Ross Brooke and he asked us if there was any way that he could mitigate