ACCA Archives - Page 139 of 189 - Whitefield Tax - Isle of Wight Accountants

Investors’ relief – How and when to use IR, including worked examples

by Jessica Garbett | Feb 6, 2017 | ACCA, business taxation

In the Finance Act 2016 the Chancellor extended the 10% entrepreneurs’ relief tax rate to investors who are not employees and so would not normally qualify for entrepreneurs’ relief. Similarly to entrepreneurs’ relief, the investors’ relief reduces the capital...

New tax-free childcare for employed and self-employed parents

by Jessica Garbett | Jan 30, 2017 | ACCA, personal finance, personal taxatation

Tax-free childcare is a new government initiative which is due to be rolled out from early 2017. Tax-free childcare is a new government initiative which will replace the existing childcare voucher scheme in April 2018. How does it work? For every 80p you or someone...

HMRC clarify rules on claiming pre-trading VAT inputs

by Jessica Garbett | Jan 26, 2017 | ACCA, VAT

Brush up on Regulation 111, which can often be a particular benefit for new businesses. Overview UK law allows a business registering for VAT to recover tax it has incurred on goods and services before their effective date of registration (EDR). This allows the...

Making Tax Digital – the latest key points

by Jessica Garbett | Jan 23, 2017 | ACCA, business taxation, HMRC, personal taxatation

A summary of the points that matter most to practitioners in the recent Treasury Committee MTD report. The House of Commons Treasury Committee took the unusual step of publishing its report on Making Tax Digital ahead of the expected government draft legislation, and...

Money purchase annual allowance

by Jessica Garbett | Jan 4, 2017 | ACCA, pension reform

Consultation open on proposal to set allowance at £4,000. Reducing the money purchase annual allowance: consultation has been issued and is open for comment until 15 February 2017. It proposes to reduce the money purchase annual allowance from April 2017. The...

Rental expenses

by Jessica Garbett | Jan 3, 2017 | ACCA, property taxation

Guidance on revenue and capital expenditure on rental income. Generally, when calculating the rental business profits, expenses will be treated as revenue expenditure provided they are incurred wholly and exclusively for the purposes of the business and are not of a...

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Investors’ relief – How and when to use IR, including worked examples

New tax-free childcare for employed and self-employed parents

HMRC clarify rules on claiming pre-trading VAT inputs

Making Tax Digital – the latest key points

Money purchase annual allowance

Rental expenses

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