ACCA Archives - Page 166 of 189 - Whitefield Tax - Isle of Wight Accountants

Research and development: increase tax credit

by Jessica Garbett | Mar 30, 2015 | ACCA, business taxation

Legislation will be introduced in Finance Bill 2015 to amend the R&D provisions in CTA 2009 in order to increase the rate of the expenditure credit from 10% to 11% and the rate of the SME scheme from 225% to 230%. R&D tax credits are a key element in the...

VAT issues update

by Jessica Garbett | Mar 29, 2015 | ACCA, VAT

Updates on VAT MOSS and businesses which are alcohol wholesalers. VAT Mini One Stop Shop (VAT MOSS) The place of supply of digital services – otherwise known as broadcasting, telecommunications and electronic services (BTE) – has moved to where the customer is based...

FRC issues new FREDs streamlining UK GAAP

by Jessica Garbett | Mar 28, 2015 | ACCA, accountancy regulation, financial reporting

The new standards apply if your turnover is under £10.2m. Yesterday (19 February) the FRC launched a consultation on three financial reporting exposure drafts (FREDs) that make amendments to UK GAAP and base them on the FRS 102 framework: FRED 58 Draft FRS 105 The...

Annual tax on enveloped dwellings: increased charges

by Jessica Garbett | Mar 27, 2015 | ACCA, property taxation

From 1 April 2015 the annual charges for the annual tax on enveloped dwellings (ATED) will be increased by 50% above inflation (Consumer Prices Index). The measure ensures that non-natural persons holding residential property in corporate and other ‘envelopes’ and not...

CGT: non-UK residents and UK residential property

by Jessica Garbett | Mar 25, 2015 | ACCA, capital taxation, residence and non residence

Legislation will be introduced in Finance Bill 2015 to bring non-UK residents within the charge to CGT when they dispose of a UK residential property interest. Non-UK resident individuals and trustees may be able to benefit from private residence relief if they meet...

Contracted out state pension reformed

by Jessica Garbett | Mar 23, 2015 | ACCA, pension reform, pensions

The state pension is being reformed from April 2016 into a single-tier pension – the ‘new state pension’ – for future pensioners. The introduction of the new state pension means that there will no longer be an additional state pension from which to contract-out....

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Research and development: increase tax credit

VAT issues update

FRC issues new FREDs streamlining UK GAAP

Annual tax on enveloped dwellings: increased charges

CGT: non-UK residents and UK residential property

Contracted out state pension reformed

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