Roy Maugham

Roy is the head of the Tax department in our London office and is a fellow of the Institute of Chartered Accountants, he has also specialised as a member of the Chartered Institute of Taxation. He has extensive tax experience in acting for public and family companies, professional partnerships and personal tax clients. Charities and schools are also of particular interest to him.

His experience in dealing with HMRC has developed into acting as expert witness on a number of litigation and tax fraud cases. He has also successfully negotiated a number of share valuation cases, with the authorities, as well as advising clients on tax aspects of acquisitions, disposals or restructuring.

Roy also acts as tax adviser to the following UHY Hacker Young Sector Groups: Charities, Healthcare, Hotels and Restaurants, Motor Trade and Professional Practices and has specialist experience dealing with a range of clients in the pharmaceuticals and publishing industries.

Roy’s scouting interests include Ajax (Thames Ditton) and Lilliput (Poole) Sea Scouts and Brownsea Island Scout Fellowship. He is also a member of two yacht clubs (RMYC & PYC) and regularly partakes in assisting youngsters to learn how to sail. He is also an active member of National Trust and 41 Club (ex Round Tabler’s). When he’s not looking Jacqui ropes him in to help with the RNLI (both local branch and national college/ headquarters). Although both sons are now grown-up and six inches taller than him, they remain in Poole to bully him.

Latest news

Residents of Surrey's 'Beverly Hills' pay highest income tax bills in UK

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.
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First ever fall in ISA investments

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.
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Use of Government's new business support scheme plummets to new low

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.
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Swiss bank accounts and portfolios - time is running out!

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.
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Value of Corporation Tax refunds issued by HMRC jumps £2bn in one year

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.
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Value of acquisitions of UK private companies up 50% in one year

The value of mergers and acquisitions targeting private companies has increased 50% in one year, up by £6.1 billion to £18.2 billion.
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AIM exits fall to their lowest level since financial crisis

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.
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HMRC's internal VAT review process tips in favour of HMRC over businesses

Businesses are losing out as HMRC’s internal VAT decision review process appears to be making decisions increasingly in HMRC’s favour,
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Inheritance tax shock for families hidden in the Budget

Budget changes to crack down on inheritance tax avoidance schemes will actually hit individuals who borrow against their homes to fund business investments.
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Latest publications

FRS 100

FRS 100 is the conceptual framework for the new UK GAAP reporting requirements, giving many entities a choice as to which reporting standard to adopt, depending on factors such as size and whether or not they are part of a listed group. It also introduces some changes to FRSSE, which will be effective from 1 January 2015, with early adoption permitted. Download our fact sheet for further information.
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FRS 101

In November 2012, the FRC published FRS 101, “Reduced Disclosure Framework”, which together with FRS 100 (published in November 2012) and FRS 102 (published in March 2013) forms part of the new UK GAAP regime. Download our fact sheet for information about the purpose of this FRS. 
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The future of UK reporting: an introduction to FRS 102

Following the publication of the new FRSs by the FRC in November 2012 and March 2013, it has been clear that the reporting landscape will look very different. Download our fact sheet for information on the future of UK reporting.
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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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SMEssentials - Spring 2013

Our newsletter for SMEs gives a run-down of the latest tax, payroll, HR and general business news for small and medium-sized businesses.
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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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Academy schools update: April 2013

This issue of our academy schools update brings you the most recent developments for academy schools, in particular an update on payroll for schools, P11Ds and dispensations.Download this latest update for more information.
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Taxflash: The Annual Tax on Enveloped Dwellings

Download our latest taxflash for information on the Annual Tax on Enveloped Dwellings, which came into effect on 1 April 2013.
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Why UHY?

Why UHY? outlines the reasons why we believe UHY is the perfect partner to do international business with.
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