personal taxatation Archives - Page 27 of 52 - Whitefield Tax - Isle of Wight Accountants

Budget: Income tax changes

by Jessica Garbett | Dec 1, 2017 | ACCA, budget, business taxation, personal taxatation

The chancellor made a number of tweaks to income tax rates, rules and allowances. The following changes will be implemented from April 2018: Personal Allowance increase Personal allowance has been increased from £11,500 to £11,850. This means higher rate tax rates...

Benefits in kind – new rules following the abolition of dispensation

by Jessica Garbett | Nov 24, 2017 | ACCA, employer returns, expense payments, personal taxatation

Are you fully aware of the new exemptions for certain benefits in kind? Exemptions replace dispensations From 2016/17 dispensation rules exempting employers from reporting certain benefits in kind on P11D have been abolished and replaced by exemptions. Any...

Autumn 2017 Budget

by Jessica Garbett | Nov 22, 2017 | budget, business taxation, personal taxatation, politics

A very quick set of “first impressions” on todays budget speech, as always focused on a typical Whitefield client – so I’m not paying a lot of attention to the wider proposals on public expenditure, excise duty on tobacco/alcohol, and taxes...

Problems continue with self-assessment calculator

by Jessica Garbett | Nov 22, 2017 | ACCA, business taxation, HMRC, personal taxatation

Advice while HMRC fixes calculator. HMRC is working to resolve a number of issues with its self-assessment calculator with version 7 of the exclusion list recently updated. This is to reflect fixes made, new issues resulting from those fixes and updated guidance. We...

Making Tax Digital – next steps

by Jessica Garbett | Nov 10, 2017 | ACCA, business taxation, HMRC, personal taxatation

This is from the ACCA “In Practice” publication: In the September issue of In Practice we highlighted that HMRC has published another suite of Making Tax Digital requirements (including on VAT changes). The series of legislative requirements will put...

Married couple’s allowance and marriage allowance

by Jessica Garbett | Oct 19, 2017 | ACCA, personal taxatation

Rules around the allowance, what happens on year of eligibility and on death. Taxpayers living in the UK are entitled to a personal allowance and – if married or in a civil partnership – may also be able to claim marriage allowance or married couple’s...

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Budget: Income tax changes

Benefits in kind – new rules following the abolition of dispensation

Autumn 2017 Budget

Problems continue with self-assessment calculator

Making Tax Digital – next steps

Married couple’s allowance and marriage allowance

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