November 2014 - Whitefield Tax Limited - Isle of Wight Accountants

Common errors in tax returns and related accounts

by Jessica Garbett | Nov 30, 2014 | ACCA, business taxation, enquiries and tax disputes, HMRC, personal taxatation

This Content Was Last Updated on April 4, 2020 by Jessica Garbett Taxable and non-taxable receipts Income tax is charged on the profit of a trade, profession or vocation. In order to be taxable the receipt must represent ‘the profits of’ the trade under...

How and when to apply FRS 101

by Jessica Garbett | Nov 27, 2014 | ACCA, accountancy regulation, financial reporting

This Content Was Last Updated on April 4, 2020 by Jessica Garbett 1 January 2015 is rapidly approaching, and after the many months of talking about it, UK GAAP will finally change. From 1 January 2015, all the existing FRSs, SSAPs and UITF abstracts will be...

Could the VAT treatment of financial services be significantly widened?

by Jessica Garbett | Nov 24, 2014 | ACCA, VAT

This Content Was Last Updated on February 9, 2017 by Jessica Garbett ECJ ruling could have major impact on the treatment of VAT The Court of Justice of the European Union (ECJ) has issued a ruling on Skandia America Corporation that will have a wider impact within...

Changes to discretionary trusts – A summary of four key changes in the Finance Act 2014

by Jessica Garbett | Nov 21, 2014 | ACCA, capital taxation, HMRC

This Content Was Last Updated on November 5, 2015 by Jessica Garbett The main changes to the Finance Act 2014 apply from 6 April 2014 onwards. The Finance Act 2014, Schedule 25 contains four separate provisions relating to inheritance tax: paragraph 2 freezes the...

Changes to Intestacy

by Jessica Garbett | Nov 18, 2014 | ACCA, capital taxation, personal finance

This Content Was Last Updated on November 5, 2015 by Jessica Garbett The Inheritance Tax and Trustees’ Powers Act 2014 came into force on 1 October 2014. Its main provision is to alter the intestacy rules previously contained in the Administration of Estates Act...

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Common errors in tax returns and related accounts

How and when to apply FRS 101

Could the VAT treatment of financial services be significantly widened?

Changes to discretionary trusts – A summary of four key changes in the Finance Act 2014

Changes to Intestacy

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