ACCA Archives - Page 182 of 195 - Whitefield Tax - Isle of Wight Accountants

Corporation tax: substantial shareholding exemption

by Jessica Garbett | Aug 17, 2014 | ACCA, business issues

The substantial shareholding exemption exempts the disposal of certain shares in subsidiaries from corporation tax on any capital gain. Most practitioners will be aware of the generous entrepreneurs’ relief available for individuals and trusts for capital gains tax...

Are fines ever tax deductible?

by Jessica Garbett | Aug 13, 2014 | ACCA, enquiries and tax disputes, HMRC

F1 team argues over whether a £32m fine should be tax deductible. In June, Formula 1 racing giant, McLaren, went before the Upper Tribunal claiming that a £32m fine imposed by the sport’s governing body – the Fédération Internationale de l’Automobile (FIA) – in 2007...

New UK GAAP: deferred tax

by Jessica Garbett | Aug 10, 2014 | ACCA, financial reporting

FRS 102 and new UK GAAP are getting closer with the implementation date of 1 January 2015 now less than six months away. Changes could impact on profits and net assets. It is important to get to grips with the main areas that will change under the new GAAP. Apart...

Preparing firms for flexible working

by Jessica Garbett | Aug 7, 2014 | ACCA, business issues

Employees now have the right to request flexible working. What does this mean for small businesses? There have been changes to the right to flexible working from 30 June 2014. The changes are hard to miss with both politicians and business communities publically...

Tax implications of the new UK GAAP

by Jessica Garbett | Aug 4, 2014 | ACCA, business issues, financial reporting, HMRC

Businesses should be readying themselves for the transition to the new UK GAAP. Here we look at the main tax changes that will arise. Overview As things stand at the moment, entities are faced with quite a choice, when deciding which standard will be followed while...

CGT on property held by non-UK residents

by Jessica Garbett | Aug 2, 2014 | ACCA, capital taxation

The government has issued a consultation document on implementing a capital gains tax charge on non-residents disposing of UK property. The charge is to take effect from April 2015. The initial consultation period has closed and the government is considering the...

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Corporation tax: substantial shareholding exemption

Are fines ever tax deductible?

New UK GAAP: deferred tax

Preparing firms for flexible working

Tax implications of the new UK GAAP

CGT on property held by non-UK residents

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