budget Archives - Page 19 of 32 - Whitefield Tax - Isle of Wight Accountants

Spring Statement 2018

by Jessica Garbett | Mar 13, 2018 | budget, business taxation, capital taxation, HMRC, IR35, personal taxatation, politics, property taxation

Please note this content was written contemporaneously, and may well now be superseded We were promised a very short Spring Statement with most of the juice reserved for Autumn Budgets, and that’s what we got in today’s – 13 March 2018 – Spring...

ISA joy confined to the kids

by Jessica Garbett | Jan 5, 2018 | ACCA, budget, personal finance

Annual limit uprated on junior ISAs, but not adult ISAs. The Individual Savings Account (ISA) annual subscription limit for 2018/19 will remain unchanged at £20,000. The annual subscription limit for junior ISAs and child trust funds for 2018/19 will be uprated in...

Tax-free dividends shrink

by Jessica Garbett | Jan 3, 2018 | ACCA, budget, business taxation, personal taxatation

Untaxed band for dividend income falls to £2,000. From 6 April 2018 the level of dividend income received tax-free will be reduced from £5,000 to £2,000. The tax rates applying outside this band remain unchanged. Dividends above the £2,000 threshold will be taxed at...

Depreciatory loss relief rules changed

by Jessica Garbett | Dec 14, 2017 | ACCA, budget, business taxation

Six-year limit removed for depreciatory transactions within a group. Legislation will be introduced in Finance Bill 2017/18 to remove the six-year limit imposed by section 176(1) of the Taxation of Chargeable Gains Act 1992 (TCGA) to prevent companies from claiming...

CGT exemption conditions eased

by Jessica Garbett | Dec 11, 2017 | ACCA, budget, business taxation, capital taxation

Substantial shareholding exemption made easier to claim. The government is to amend the substantial shareholding exemption (SSE) legislation and the share reconstruction rules to avoid unintended chargeable gains being triggered where a UK company incorporates foreign...

Loss makers get tax break for green efficiency

by Jessica Garbett | Dec 4, 2017 | ACCA, budget, business taxation

Tax credits for loss-making businesses investing in efficient energy and water. Legislation will be introduced in the Finance Bill 2017/18 to amend schedule A1 to the Capital Allowances Act 2001. It would allow loss-making UK businesses to claim a first-year tax...

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Spring Statement 2018

ISA joy confined to the kids

Tax-free dividends shrink

Depreciatory loss relief rules changed

CGT exemption conditions eased

Loss makers get tax break for green efficiency

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