budget Archives - Page 16 of 32 - Whitefield Tax - Isle of Wight Accountants

Changes to Entrepreneurs’ Relief confirmed

by Jessica Garbett | Dec 21, 2018 | ACCA, budget, business taxation, capital taxation

The Budget included an announcement about Entrepreneurs’ Relief; make sure you are up to date with the latest rules. The usual pre-Budget rumours were doing the rounds regarding large scale changes to Entrepreneurs’ Relief. Post-Budget there is some relief in the...

Let property relief fallout from the Budget

by Jessica Garbett | Dec 19, 2018 | ACCA, budget, property taxation

Analysis of the CGT situation for LPR changes for landlords. In the October Budget, the chancellor announced changes which will impact on landlords’ capital gains tax position (where they are eligible for letting relief) from April 2020. These were: the final period...

AIA – a comprehensive first year allowance

by Jessica Garbett | Dec 17, 2018 | ACCA, budget, business taxation

An overview and worked examples of Annual Investment Allowance (AIA). AIA is effectively a 100% first year allowance for business expenditure on qualifying plant or machinery. The general rule is that qualifying expenditure is: expenditure on the provision of plant or...

Crackdown on reckless directors

by Jessica Garbett | Dec 14, 2018 | ACCA, budget, business issues

Tougher penalties for directors who dodge debts. Following Royal Assent of Finance Bill 2019/20, the government has announced that directors and other persons involved in tax avoidance, evasion or phoenixism (a minority of directors who deliberately dodge debts by...

Making the intangible fixed assets regime more competitive and manageable

by Jessica Garbett | Dec 7, 2018 | ACCA, budget, business taxation

New tax breaks for goodwill (involving intellectual property) and de-grouping charges. Following a review and consultation in early 2018, in Budget 2018 the chancellor announced changes to tax relief which are designed to make the intangible fixed assets regime more...

Off payroll rules set to target the private sector

by Jessica Garbett | Dec 5, 2018 | ACCA, budget, IR35, PSC

IR35 to be rolled out to the private sector. In October’s Budget the chancellor revealed the ‘worst kept’ secret that the current IR35 rules which apply for public sector contracts are to be rolled out to the private sector from April 2020. This will mean that the...

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Changes to Entrepreneurs’ Relief confirmed

Let property relief fallout from the Budget

AIA – a comprehensive first year allowance

Crackdown on reckless directors

Making the intangible fixed assets regime more competitive and manageable

Off payroll rules set to target the private sector

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