ACCA Archives - Page 151 of 189 - Whitefield Tax - Isle of Wight Accountants

ISAs and the next year

by Jessica Garbett | Apr 5, 2016 | ACCA, personal finance, personal taxatation

Savers will be able to re-invest withdrawals into ISAs. The announcement about a lifetime ISA for first home purchases is covered separately. From 6 April 2015 to 5 April 2016 the annual amount which can be paid into an Individual Savings Account (ISA) has been...

Gift aid – Small Donations Scheme

by Jessica Garbett | Apr 1, 2016 | ACCA, personal taxatation

New limit for GASDS payments. Gift Aid Small Donations Scheme (GASDS) top-up payments are restricted to a maximum small donations limit of £8,000 per tax year after 6 April 2016 for eligible charities and CASCs. As a reminder, GASDS: allows charities and CASCs to...

Coming soon – new tax on dividends

by Jessica Garbett | Mar 30, 2016 | ACCA, dividends, personal taxatation

Tax free allowance of £5000 to be introduced next month. April 2016 sees the (non-reclaimable) 10% tax credit that has been carried with dividends since April 1999 scrapped and replaced with a new tax-free dividend allowance. The allowance of £5,000 is available to...

Pension Input Period (PIP) changes

by Jessica Garbett | Mar 28, 2016 | ACCA, pension reform, pensions

PIP to be aligned with tax year from April. The annual allowance applies to the total pension contributions made to an individual’s schemes and/or benefits built up over a period called the pension input period that ends during the tax year. A pension input period...

Spring Budget: Entrepreneurs’ relief on goodwill on incorporation

by Jessica Garbett | Mar 27, 2016 | ACCA, budget, business taxation

Entrepreneures’ relief amended to allow increased relief in joint ventures and partnerships. This will apply to disposals on or after 3 December 2014 and will be introduced in the Finance Bill 2016. Entrepreneurs’ Relief (ER) can be claimed in respect of gains...

Spring Budget: Lifetime ISAs

by Jessica Garbett | Mar 26, 2016 | ACCA, budget, personal finance

Young savers can save £4,000 per annum and get 25% bonus from the government. Up to £4,000 can be saved each year. The government will pay in a 25% bonus on these contributions at the end of the tax year. Savers will be able to make Lifetime ISA contributions and...

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ISAs and the next year

Gift aid – Small Donations Scheme

Coming soon – new tax on dividends

Pension Input Period (PIP) changes

Spring Budget: Entrepreneurs’ relief on goodwill on incorporation

Spring Budget: Lifetime ISAs

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