ACCA Archives - Page 118 of 189 - Whitefield Tax - Isle of Wight Accountants

VAT evasion clampdown

by Jessica Garbett | Dec 15, 2017 | ACCA, VAT

Online fraud comes in for battery of anti-evasion moves. The government has announced two major changes in its anti-VAT fraud measures as a result of consultations earlier this year. These are: 1. Reverse-charging in construction A new VAT domestic reverse charge will...

Depreciatory loss relief rules changed

by Jessica Garbett | Dec 14, 2017 | ACCA, budget, business taxation

Six-year limit removed for depreciatory transactions within a group. Legislation will be introduced in Finance Bill 2017/18 to remove the six-year limit imposed by section 176(1) of the Taxation of Chargeable Gains Act 1992 (TCGA) to prevent companies from claiming...

Non-cash clear-up for disposals of intangibles

by Jessica Garbett | Dec 13, 2017 | ACCA, business taxation

Corporation tax clarified for the sale of intangible fixed assets. The tax position on the disposal of a company’s intangible fixed assets involving non-cash consideration has been clarified. The measure also amends the rules in relation to licences for intangible...

Brexit customs regime takes shape

by Jessica Garbett | Dec 12, 2017 | ACCA, business issues, VAT

New UK trade and tariff regime outlined in bill. The Taxation (Cross-Border Trade) Bill was issued on 21 November. It creates a new UK customs regime, based on but independent of EU law, with a prevailing focus on continuity for UK business. However, as the bill...

CGT exemption conditions eased

by Jessica Garbett | Dec 11, 2017 | ACCA, budget, business taxation, capital taxation

Substantial shareholding exemption made easier to claim. The government is to amend the substantial shareholding exemption (SSE) legislation and the share reconstruction rules to avoid unintended chargeable gains being triggered where a UK company incorporates foreign...

Making Tax Digital another step nearer

by Jessica Garbett | Dec 8, 2017 | ACCA, business taxation, HMRC, personal taxatation, VAT

VAT to be all-digital from April 2019. The chancellor has announced the passage of enabling legislation in the Finance (No.2) Act 2017 allowing, subject to secondary legislation, for HMRC to require businesses to keep records digitally. VAT is the only area that must...

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VAT evasion clampdown

Depreciatory loss relief rules changed

Non-cash clear-up for disposals of intangibles

Brexit customs regime takes shape

CGT exemption conditions eased

Making Tax Digital another step nearer

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