Henry Brown & Co Chartered Accountants
Map Facebook Twitter picasa 
26 Portland Road · Kilmarnock · Ayrshire · KA1 2EB | Call us on: +44 1563 522308

News Hub

Welcome to the news hub, in this section you'll find our latest news, view our Facebook wall and Twitter Feed.

Thousands missing out on pension perks


As many as 90,000 grandparents and family members are missing out on a little-known perk that can increase their State Pension. National Insurance Credits for those who look after young children can be worth up to £230 a year in retirement. But Royal London said 90% of those eligible were failing t...

SMEs unconvinced by Small Business Commissioner


Small firms facing problems such as late payments and disputes with large companies are sceptical that a new government-backed ombudsman will have any positive impact on their business, according to new research from Close Brothers Invoice Finance. Paul Uppal began work as the Small Business Commiss...

HMRC wants AI to monitor compliance


HMRC is planning to start using artificial intelligence in "compliance and complex tax cases" and is stepping up its drive to automate processes. Speaking at a public-sector IT conference, the department's digital transformation director, Brigid McBride, said some robotics tools were already being d...

Top rate taxpayers shoulder income tax burden


The top tenth of taxpayers paid 59.2% of all income tax last year, according to figures from HMRC, up from 54.9% in 2009-10. The poorest half of taxpayers, those earning under £23,200 were liable for 9.7% of the total income tax owed in 2017-18, down from 11.2% in 2009-10. The richest 1% of taxpaye...

Businesses paid out £3.8bn in redundancy payments last year


British firms paid out an estimated £3.8bn to more than 250,000 employees who were made redundant during the 2016-17 financial year, according to law firm Hugh James – down from £4bn in 2014-15 and 2015-16. The value of redundancy pay-outs over the past year averaged £15,000 per worker – slig...

Insolvency reforms to target reckless directors


The Government has launched a consultation on new laws that would make it easier to bring criminal proceedings against the most "reckless" employers and directors of businesses in or approaching insolvency. Greg Clark, the business secretary, said the reforms would allow regulators to "come down har...

Charities missing out on £600m of gift aid


HMRC figures show a third of charity donors fail to use gift aid, resulting in the loss of £600m in potential income for charities...

SLPs used to launder dirty Russian cash


SNP Westminster leader Ian Blackford has warned that Scottish Limited Partnerships are being used as a legal means to facilitate organised crime, money laundering and tax evasion and that Theresa May needed to tackle them urgently, particularly in the wake of the Salisbury poisoning scandal....

Pensioners could pay NICs to fund care


Ministers are considering increasing taxes on older workers as part of plans to increase funding for the NHS.  Proposals under discussion include making the over-65s pay NI contributions and scrapping universal free prescriptions for the over-60s. But the paper adds that sources close to Philip...

Almost £1bn lost to financial fraudsters in UK last year


Nearly £1bn was conned out of UK consumers and businesses by financial fraudsters in 2017, according to data from UK Finance, which found sharp increases in fraud using both mobile and online banking. Total losses fell 5% to £731.8m but an additional £236m was lost to “authorised push payment...

Entrepreneurs strike out at 27


Research by Xero reveals that the average age entrepreneurs decide to go it alone is 27. The survey of 1,000 small business owners also found that eight out of ten start-ups begin life with the help of friends or relatives of the founder. Xero discovered that entrepreneurs are mostly driven by a nee...

Concern over cash-in-hand crackdown


Small businesses have expressed concern over Philip Hammond’s threat to axe cash-in-hand payments. The move would aim to crack down on tax-dodging, but experts claim the plans could create more red tape. Chas Roy-Chowdhury, head of taxation at ACCA, said: "The Government should have no truck with...



Google +