Latest News & Events
681,000 UK taxpayers forced to reschedule payments with HMRC
681,000 UK individuals and businesses are so far behind on their tax bills that they have been forced to reschedule their payments with HMRC, our research shows.
Restaurant insolvencies jump 25% in the last year alone
The number of restaurant businesses going insolvent has jumped 25% in the last year to 1,410* in 2018/19, up from 1,130 2017/18, our research shows.
Self-employed individuals owed £1.6 billion in late tax payments to HMRC last year – figure expected to rise even further
Self-employed individuals owed £1.6bn in late tax payments to HMRC last year*, with the figure expected to rise even further once more self-assessment returns for 2017/18 have been submitted.
UHY Financial Planning review – Autumn 2019
Our Financial Planning review is intended to give insights on the current financial landscape, highlighting topical and timely issues.
HMRC tax return checks
It is as important as ever to ensure all bases have been covered when dealing with your personal tax affairs, following a recent flurry of letters from HMRC showing that they are checking 2017/18 personal tax returns where they believe that child benefit payments have been omitted.
Back in early November, we blogged about some worrying changes to entrepreneurs’ relief as a result of what looked like sloppy drafting in the Finance Bill. Happily, the Government tabled, on 20 December, a proposed amendment which has gone some way to addressing our concerns.