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.
Residents of Surrey's 'Beverly Hills' pay highest income tax bills in UK
20 May 2013
Research into the income tax paid by city/town lists the top 100 by mean tax and total tax paid, and shows that residents of Esher, Weybridge and Walton on Thames in Surrey, pay the highest average income tax bills in the UK, paying an average of £16,100 in tax per year, £11,702 higher than the UK average of £4,398.
First ever fall in ISA investments
13 May 2013
The amount of money put into ISAs has fallen for the first time ever. The total amount of new subscriptions into ISAs in 2011-12 dropped to £53.5billion, down from £53.
Use of Government's new business support scheme plummets to new low
7 May 2013
The number of businesses that have requested a National Insurance Contribution holiday plummeted to a new low of 400 in December 2012, down 44% from the 710 applications made in the same month the year before. This is the lowest take up of the scheme since January 2011 – just after the scheme launched – and less than a fifth of the 2,235 applications received at the scheme’s peak in October 2011.
Swiss bank accounts and portfolios - time is running out!
3 May 2013
Under the terms of the UK-Swiss Tax Agreement, UK-resident account holders need to act before the banks' 31 May deadline in order to avoid the one-off charge being automatically applied as a default option.
Value of Corporation Tax refunds issued by HMRC jumps £2bn in one year
15 April 2013
The value of Corporation Tax refunds paid out by HMRC leapt by £2bn last year to £7bn, up 40% from £5bn the year before. Tax partner in London, Roy Maugham, comments.
AIM exits fall to their lowest level since financial crisis
8 April 2013
The number of companies leaving AIM is now at its lowest level since the financial crisis as only 14 companies left in Q1 of 2013, according to our research.
Value of acquisitions of UK private companies up 50% in one year
8 April 2013
The value of mergers and acquisitions targeting private companies has increased 50% in one year, up by £6.1 billion to £18.2 billion.
HMRC's internal VAT review process tips in favour of HMRC over businesses
25 March 2013
Businesses are losing out as HMRC’s internal VAT decision review process appears to be making decisions increasingly in HMRC’s favour,
Inheritance tax shock for families hidden in the Budget
25 March 2013
Budget changes to crack down on inheritance tax avoidance schemes will actually hit individuals who borrow against their homes to fund business investments.
How will the Budget 2013 affect the charity and not-for-profit sector?
21 March 2013
George Osborne presented his Budget on Wednesday 20 March 2013 and there were few surprises. Amongst the detail there were some announcements which affect the charity and not-for-profit sector, and these have generally been warmly received by sector leaders.
Offshore Disclosure update - the dominoes continue to topple
18 March 2013
Hot on the heels of an announcement from HMRC that a “Memorandum of Understanding” had been agreed with the government of the Isle of Man, it has now been revealed that a deal with Guernsey is also close to being finalised.
HMRC spend on external debt collectors doubles in the last year
18 March 2013
The disclosed expenditure on external debt collection agencies by HMRC has more than doubled in the last year, from an estimated £5.8m to £13.4m*, according to our latest analysis.