budget Archives - Page 16 of 35 - Whitefield Tax - Isle of Wight Accountants

Changes to protect tax in insolvency

by Jessica Garbett | Apr 2, 2020 | ACCA, budget, HMRC

HMRC moves up creditor hierarchy. Despite concerns raised from many businesses, legislation will be introduced in Finance Bill 2020 to amend the relevant section of the Insolvency Act, Bankruptcy (Scotland) Act 2016 and the Insolvency (Northern Ireland) Order to move...

Budget: Pension reforms at a glance

by Jessica Garbett | Mar 16, 2020 | ACCA, budget

Tapered annual allowance threshold to be raised by £90,000. To support the delivery of public services, particularly in the NHS, the Chancellor has unveiled plans as of next month to raise the point at which tapering of the annual allowance kicks in by £90,000. This...

Covid 19 – Sick Pay Changes (updated)

by Jessica Garbett | Mar 13, 2020 | budget, business issues, Covid19

For our latest Covid 19 information please visit this link For the latest on HM Government support for Covid-19 visit this link Sick pay has been a concern for many businesses and individuals during the Covid-19 outbreak. These are the announcements in today’s...

Budget – Employment allowance to increase by £1000

by Jessica Garbett | Mar 13, 2020 | ACCA, budget, business issues

Steps in the right direction to take some weight off the shoulders of SMEs. The Chancellor announced an increase in the Employment Allowance from £3,000 to £4,000 to protect small businesses from the rise in the minimum wage. From next month companies will not have to...

Budget 2020: Corporation tax rate unchanged

by Jessica Garbett | Mar 13, 2020 | ACCA, budget, business taxation

Expected cut to an already low rate did not happen. Since 2010 the government has cut the headline rate of CT from 28% to 19%, giving the UK the lowest headline rate in the G20. The expected cut to corporation tax did not take place and to ‘provide support for vital...

R&D expenditure credit increased to 13%

by Jessica Garbett | Mar 13, 2020 | ACCA, budget, business taxation

Consultation announced on data and cloud computing expenditure qualifying for R&D tax credits. Research & Development tax credits This objective will be supported by increasing the Research & Development Expenditure Credit (RDEC) rate from 12% to 13% from...

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Changes to protect tax in insolvency

Budget: Pension reforms at a glance

Covid 19 – Sick Pay Changes (updated)

Budget – Employment allowance to increase by £1000

Budget 2020: Corporation tax rate unchanged

R&D expenditure credit increased to 13%

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