Fact sheets

Our tax and VAT specialists have produced a number of useful guides for you, on a variety of topics that we believe may be relevant to you. Read our Tax Guides and our VAT Guides for advice and information on a number of key issues.

Auto enrolment: workplace pensions

Our financial management specialists can help assist you in preparing your business for auto enrolment and ensure you comply with all your duties as an employer.
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Child Benefit

When the Government initially raised the reform of Child Benefit at the Conservative Party conference in 2011 there was an outcry that it was unfair and complex. The new tax charge in relation to Child Benefit will affect approximately 1.2 million families.
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Cryptocurrencies: Bitcoin explained

Why Bitcoin has taken the financial spotlight this year.
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Investment in UK residential property for non-residents

With the current government wanting to be seen as tackling tax avoidance and in particular the use of offshore structures, we have seen a series of measures designed to alter the behaviour of non-resident investors in UK property. Read our fact sheet for information regarding these measures which include Inheritance Tax, Income Tax, Stamp Duty Land Tax, the Annual Tax on Enveloped Dwellings and Capital Gains Tax.
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iXBRL fact sheet

This document explains what iXBRL is, outlines the requirements for electronic filing of business tax returns and the potential implications for your company.
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Patent Box

Businesses which have avoided designing their own products in the past now find it an attractive venture.
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Real Time Information

The system of Real Time Information (RTI) is mandatory for all employers and is to be implemented from April 2013.
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Research and Development Tax Relief

Research and development tax relief is an incentive from the government to encourage companies to invest in research and development activities. There is a common misconception that these incentives are aimed only at the technology sector, however, that is certainly not the case. This document outlines how research and development tax relief is more widely available than most companies realise.
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Statutory residence test

The statutory residence test will provide much needed certainty to an area of law that is unduly complex and lacks clarity. Download our fact sheet for the latest changes to the rules on UK tax residence and information about how the changes may affect you.
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The Strategic Report

New Parliament Regulations amend the Companies Act 2006; requiring all UK companies, other than qualifying small companies, to produce a Strategic Report.
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The Strategic Report Technical Bulletin 2014

In this bulletin we focus on the Regulations and briefly summarise the currently draft FRC guidance.
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Latest news

Amount spent by businesses on R&D jumps 10% to reach record high of £13.2bn

The increased investment in R&D by small businesses is partly driven by the removal in April 2012 of a minimum R&D investment requirement of £10,000 to qualify for tax credits.
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Boutique spirits follow craft beer revolution with trebling in number of new distillers

The number of applications for distiller’s licences has trebled in a year as entrepreneurs rush to replicate the craft beer revolution.
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Parents investing just 25% of children's ISAs in shares - but will the cautious approach pay off?

Just a quarter of the money saved in junior ISAs is invested in shares, suggesting that parents of young savers are taking a cautious approach, which could risk underperforming in terms of long-term returns.
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London creating 20 times as many businesses per head as the rest of the UK

Colin Jones, partner, explains our research that shows London outdoes the rest of the UK’s top 150 towns and cities for business generation, creating 20 times more additional new businesses* per capita than the rest of the UK.
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HMRC child benefit letters causing widespread confusion

HMRC has caused widespread confusion with an indiscriminate mail-shot to higher rate taxpayers receiving child benefit which suggests that they may owe additional tax, however, HMRC appears to have sent taxpayers these letters without checking whether or not the charge had already been paid by their partner.
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UHY Hacker Young appoints new Audit Partner from Grant Thornton

Subarna Banerjee, formerly Audit Director at Grant Thornton UK LLP, is joining our London office as an audit partner and will Chair our charity and not-for-profit group.
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HMRC tighten up disclosure rules

HMRC have announced a number of changes to the Liechtenstein Disclosure Facility to limit the benefits for those that HMRC sees as abusing the arrangement.
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Bank lending in the UK is still stalling, down 2.2% in real terms last year - and far behind G7 average

In our recent study we have found that bank lending to the private sector in the UK is still lagging far behind the G7 average, despite all the Government’s efforts to boost the availability of credit.
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28 out of Top 30 highest income tax areas are 'Stockbroker Belt' towns

Our research shows this is due to the shift of the tax burden onto higher earners, who have been hit by an increase in the upper rate of tax, which now sits at 45p.
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Latest publications

SRA Board retain accountant's report

The SRA Board retained the requirement of law firms to commission an accountant's report following the negative feedback obtained in the recent consultation on proposed changes to their reporting accounting requirements.
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Taxflash: Mileage rates - September 2014

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HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
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VATflash September 2014

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If your business is involved in the area of digital downloads, or electronically supplied services to give it its more accurate label, you will need to prepare for the new VAT rules coming into force on 1 January 2015 across the EU.
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2014 Academies Financial Handbook

Download our summary and comments on the newly released 2014 Academies Financial Handbook.
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Doing business in the UK

A detailed report providing key issues and information for investors considering a business operation in the UK.
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Experience with stock market clients

Our Capital Markets specialists have significant experience advising and supporting fully listed, AIM and ISDX clients. This document provides a list of stock market clients as at August 2014.
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Academy schools update: August 2014

Download our most recent academy schools update which concentrates on the risks involved with academy governance, the academies Risk Protection Arrangement, your impending auto enrolment staging date, the recent EFA investigations into academies and handy tips for the lead up to your audit.
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Taxflash: Users of tax schemes face large tax bills this Summer

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Our dedicated tax investigations team can provide impartial and practical advice in how to deal with the very real consequences of participating in a tax scheme.
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UK tax guide 2014/15

Download our guide for practical tax tips to guide you through the tax system and help you plan to minimise your liability.
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