Our technical specialists’ insight and expertise allows us to produce regular news stories and proactive advice on the latest local and national issues.
In this section of our website you will find all of the latest articles published by UHY Hacker Young and information on the key national press coverage that each piece received. Details of all events being hosted by any of our offices are also available on the events page.
To search for any of our previous news articles, please visit the Resources page.
UK amongst the top ranked countries leading the race in harnessing globalisation
9 December 2013
The UK is one of the world’s best placed countries in the race to capitalise on globalisation and could be set for positive future economic growth as a result, according to our new research. Our taxation and business advisory professionals in 27 countries rated their economies on several factors including taxation and trade policy, that indicate how internationalised an economy already is and how well positioned it is to take advantage of future globalisation of trade.
HMRC to increase expenditure on debt collection, following last year's doubling of spending on private bailiff companies
6 December 2013
The Government announced in the Autumn Statement 2013 that HMRC will increase its expenditure on debt collection by recruiting additional in-house staff.
HMRC making increasing use of Google Street View to catch tax evaders
25 November 2013
Revenue inspectors are using Google Street View to try to prove people have undeclared income. The website provides a kerbside view of homes and businesses, giving inspectors a quick way to assess a person’s lifestyle and see whether it matches their declared income.
HMRC loses highest number of staff in four years
4 November 2013
Staff are quitting HMRC in their highest numbers for four years, with almost 1,700 employees leaving in the last 12 months.
As many as 1 in 3 tax payers at risk of paying the wrong amount of tax due to PAYE errors
28 October 2013
As many as 1 in 3 taxpayers could be in danger of paying the wrong amount of tax due to HMRC issuing incorrect PAYE codes, according to our research.
Personal loans leap to highest level since 2009
28 October 2013
The volume of personal loans made by UK banks is at its highest level since June 2009, according to our research.
HMRC's take from investigations into personal tax returns jumps 38% in one year
21 October 2013
The amount of additional tax HMRC has collected as a result of investigations into personal tax returns has jumped 38% in the last year.
City Equities put into administration - UHY Hacker Young appointed
15 October 2013
Andrew Andronikou and Peter Kubik, have been appointed as special administrators to London-based stock brokers City Equities Limited under the Special Administration Regime.
Holders of Swiss accounts beware!
14 October 2013
As a result of the UK-Swiss tax agreement, holders of Swiss bank accounts and investment portfolios who are both resident and domiciled in the UK have been given two choices.
AIM grows for the first time in six years as IPOs return to junior market
7 October 2013
The Alternative Investment Market (AIM) has grown for the first time in six years as IPOs return to the junior market. In the three months to 30 September 2013, the number of companies floating on AIM was higher than the number leaving the market for the first time since the third quarter of 2007.
Yield from tax investigations into small businesses jumps 30% in the last year
23 September 2013
The additional tax yield received from compliance investigations into small and medium sized businesses by HMRC has jumped 31% in the last year. Compliance investigations into SMEs raked in £565m for HMRC in 2012-13, up from £434m in 2011-12 (year ending March 31).
R&D spending hits record high as UK economy continues recovery
16 September 2013
Business spending on R&D increased by 8% in 2012 to a record high of £11.9billion, up from £11billion in 2011, in a further sign that the UK economy is recovering. R&D spending was 19% higher than the low of £9billion it fell to in 2009, because of the recession (based on claims for tax relief to HMRC).