UHY Ross Brooke Chartered Accountants
Did you know its “Plastic Free July”? And did you know that affected companies need to submit their first plastic packaging return this month? Plastic-free July started in Western Australia in 2011 and is now an annual event in over 150 countries; the aim of which is to educate consumers
HMRC have issued guidance for VAT-registered business and their agents on how to avoid penalties for non-compliance with the Making Tax Digital for VAT (MTD) rules. In particular, there is a new £400 per return penalty if you file a return but do not use functional compatible software. There are
Employees are looking to their employers to help them save money and the cycle to work (C2S scheme can be an easy solution. The amount of work involved by employers is more like freewheeling downhill than an uphill struggle! Financial benefits for employers The employee makes a salary sacrifice to
Recent news about crypto is full of doom and gloom. Binance have suspended trading, Coinbase have announced they will lay off almost 1/5 of their staff and Bitcoin is trading at its lowest point in 18 months. (By comparison, the US stock market is also at its lowest point in
What is SEIS (Seed Enterprise Investment Scheme)? SEIS offers substantial tax reliefs to investors in early stage companies which may find raising finance difficult. SEIS is aimed at individuals looking to invest in business start-ups, and offers very attractive tax reliefs, but the devil is in the detail. It is
Basis Period Reform – for self-employed individuals and all partnerships / partners New legislation taking effect in 2023/24 will affect non-corporate trading businesses that prepare accounts to a date other than 31 March or 5 April. The new rules will alter how the taxable profits of accounting periods are matched
The cycle to work scheme has been with us since 1999, but with fuel prices rocketing ever upward, it’s really worth seriously considering. The benefits employees can gain from the cycle to work scheme are apparent on many fronts. Financial benefits include: By paying for the cycle from gross income
Crypto and NFTs. They are new and exciting, but unfortunately that excitement to get moving quickly can lead to some very poor business decisions as we have seen on a number of occasions recently. A prime example is a young individual who sold successfully some NFTs at the peak of
Download our handy tax card which shows the latest tax rates for the taxes we are asked most about. Any questions? Please contact us about the April tax changes. We can provide a full tax review which will help identify possible tax savings.
by Phil Kinzett-Evans HMRC is raising the interest rate it charges on overdue tax bills from 2.75% to 3%, six times the 0.5% that it pays on repayments of overpaid tax, however, HMRC is not increasing the interest that it pays to taxpayers that might have been overcharged tax. Interest