personal taxatation Archives - Page 34 of 52 - Whitefield Tax - Isle of Wight Accountants

£500 Employer Funded Pensions Advice Exemption

by Jessica Garbett | Feb 17, 2017 | business issues, business taxation, pension reform, pensions, personal taxatation

From April 2017 an employer can pay for £500 worth of pensions advice for an Employee, and there will be no benefit in kind on the employee. The precise details are: Exemption on the first £500 of Employer arranged or financed pension advice each tax year Advice must...

Public Sector IR35 changes – Examples

by Jessica Garbett | Feb 11, 2017 | business taxation, employment status, IR35, personal taxatation, PSC, psc guide

Further to our post earlier this week, we have now updated our website with enhanced guidance on the new Public Sector IR35 regime and some examples with figures in them. See our guidance here and examples here

Making Tax Digital – HMRC Consultation Response

by Jessica Garbett | Jan 31, 2017 | business taxation, HMRC, personal taxatation

Back in the autumn we were promised a response from HMRC to their summer 2016 MTD consultations during January 2017. Well the days have gone by, and about 4pm this afternoon an email from HMRC arrived announcing the response was up. Well, its still January, just....

New tax-free childcare for employed and self-employed parents

by Jessica Garbett | Jan 30, 2017 | ACCA, personal finance, personal taxatation

Tax-free childcare is a new government initiative which is due to be rolled out from early 2017. Tax-free childcare is a new government initiative which will replace the existing childcare voucher scheme in April 2018. How does it work? For every 80p you or someone...

Making Tax Digital – the latest key points

by Jessica Garbett | Jan 23, 2017 | ACCA, business taxation, HMRC, personal taxatation

A summary of the points that matter most to practitioners in the recent Treasury Committee MTD report. The House of Commons Treasury Committee took the unusual step of publishing its report on Making Tax Digital ahead of the expected government draft legislation, and...

Income and expenses helpful hints for tax return

by Jessica Garbett | Dec 13, 2016 | ACCA, business taxation, personal taxatation

Taxable and non-taxable receipts Income tax is charged on the profit of a trade, profession or vocation. In order to be taxable the receipt must represent ‘the profits of’ the trade under S5 ITTOIA 2005. An incoming payment is not necessarily a trade...

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£500 Employer Funded Pensions Advice Exemption

Public Sector IR35 changes – Examples

Making Tax Digital – HMRC Consultation Response

New tax-free childcare for employed and self-employed parents

Making Tax Digital – the latest key points

Income and expenses helpful hints for tax return

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