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
Typically, if you have a disagreement with HMRC then you appeal their decision. Note that under the current COVID19 arrangements there is an extended appeal period, and if you need help with an appeal then we’d be happy to assist you. But what if HMRC disagree with your appeal? Well
Making Tax Digital is under a year away, yet we have learned today that there is a flaw in HMRC’s self-assessment software for 2016/17 affecting the dividend and savings allowance introduced in April 2016. This means that anyone submitting a self-assessment return online could be faced with an incorrect calculation
According to the latest Business in Britain report from Lloyds Bank, overall business confidence remains strong and stable. This positive attitude is largely underpinned by companies’ expectations of an improvement in exports, as well as an anticipated increase in investment levels. The twice-yearly Lloyds Bank report gathers the views of
Locum Dentists, Doctors, Pharmacists, Veterinary surgeons and Opticians often prefer to regards themselves as self-employed. This usually gives them a tax advantage over employed status, but HMRC have been taking a very strong line in contesting the employment status of locums. The onus of proof lies very much with the
If you are an employer, you are probably already aware that the new auto enrolment pension rules mean that you will have to select a pension scheme that meets the legal requirements for certain workers. No doubt you will also want to ensure that you select a good quality scheme
Most accountants are also successful business owners, and can offer much more than just accounts and tax services. They should be your on-call business partner, a sounding board for ideas, helping you run your business smoothly and suggesting ways to earn and keep more income. They also have a wide
Updated 04/04/2022 Hands up anyone who would like to handover £1 and get £2.30 back? Sounds like a good deal doesn’t it? Well in a way that’s pretty much what the Research and Development Tax relief for small companies offers. The most surprising thing about this scheme is despite the
HMRC have recently issued a “Spotlight” publishing their view on the various Contractor Loan Schemes following the decision in P Boyle (TC1303). Mr Boyle provided his services through an offshore company and extracted money from that company in the form of loans which he argued were not taxable. The tribunal
Despite overall static retail sales in the period, according to a survey by the British Retail Consortium, a record amount of shopping was performed online in December, with a staggering increase of almost 20% over the previous year. The rise was attributed to both increased use of smart phones and