budget Archives - Page 19 of 35 - Whitefield Tax - Isle of Wight Accountants

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...

Insolvency creditor rules to change

by Jessica Garbett | Dec 3, 2018 | ACCA, budget, business issues

Government announces crackdown to minimise possible tax abuse. In Budget 2018 the government announced that from 6 April 2020 it will change the insolvency rules. Now, when a business enters insolvency, more of the taxes such as VAT and PAYE/NIC which have been...

VAT MOSS under a no-deal Brexit

by Jessica Garbett | Nov 20, 2018 | ACCA, budget, VAT

How the VAT Mini One Stop Shop scheme will work in a no-deal Brexit scenario. The guidance issued by the government to businesses and consumers on how to prepare if the UK leaves the EU with no deal covers a number of areas, including VAT Mini One Stop Shop (MOSS)....

Capital allowances – increases and a reduction

by Jessica Garbett | Nov 16, 2018 | ACCA, budget, business taxation

Changes to encourage investment were a theme of the Budget. Temporary two year increase in AIA limit for plant and machinery Companies will be able to claim £1m as AIA for expenditure incurred from 1 January 2019 to 31 December 2020. Special rate WDA reduction from 8%...

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Crackdown on reckless directors

Making the intangible fixed assets regime more competitive and manageable

Off payroll rules set to target the private sector

Insolvency creditor rules to change

VAT MOSS under a no-deal Brexit

Capital allowances – increases and a reduction

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