News and Comment - Page 10 of 100 - Whitefield Tax - Isle of Wight Accountants

Christmas and New Year Office Hours 2024

by Jessica Garbett | Dec 9, 2024 | administration, WhitefieldNews

Our office will be closing for Christmas on Friday 20th December 2024 at midday, and reopening on Monday 6th January 2025. If we are preparing company or LLP accounts for you with a 31st March 2024 year end, the filing deadline for these at Companies House will be...

Autumn Budget 2024 – Unpacking Some Extras

by Jessica Garbett | Nov 27, 2024 | budget, business issues, business taxation, capital taxation

With further analysis and commentary, here are some extra thoughts on last months budget. Double Cab Pickups – buried in the small print, was a proposal to treat these as cars rather than vans from next April. This reverses the reversal of an announcement back...

Autumn Budget 2024 and Planning Implications for Business Owners

by Jessica Garbett | Nov 18, 2024 | budget, business issues

Autumn Budget 2024 brought various changes to Capital Gains Tax (CGT) and Inheritance Tax (IHT). Let’s look at what they were, and how they change the landscape for business owners looking to sell, retire or pass assets on. CGT Budget Changes From 30th...

ACCA – All change for employees expenses claims

by Jessica Garbett | Nov 18, 2024 | business issues, personal finance, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Claiming PAYE expenses? HMRC’s updated guidance on the evidence required From 14 October 2024, HMRC has introduced new requirements for...

Tax Implications of Incorporation and Director Salary Levels for Small Businesses – Changes from Autumn Budget 2024

by Jessica Garbett | Nov 17, 2024 | budget, business taxation

Earlier this year we published two articles looking at how cumulative changes to small business taxation in recent budgets, notably NI changes and increases in Corporation Tax, impacted taxation for small businesses, The first of these articles looked at the tax...

ACCA – Economic Crime and Corporate Transparency Bill becomes law

by Jessica Garbett | Nov 14, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Companies House has set out changes as a result of the new act In its recent blog, Companies House has summarised the new objectives for the...

ACCA – Companies House reform and identity verification

by Jessica Garbett | Nov 14, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Significant changes are coming to identity verification as part of major reforms The Economic Crime and Corporate Transparency Act (2023)...

ACCA – VAT compliance controls – HMRC Guidelines

by Jessica Garbett | Nov 12, 2024 | ACCA, business issues, business taxation, VAT

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Good practice in relation to VAT accounting and compliance processes Guidelines have been issued by HMRC for UK VAT-registered businesses who...

ACCA – Reporting requirements for online marketplaces

by Jessica Garbett | Nov 6, 2024 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA What businesses need to know HMRC has released guidance regarding new rules for online marketplaces that require them to report the details...

Making Tax Digital – Changes in Autumn Budget 2024

by Jessica Garbett | Nov 5, 2024 | ACCA, business issues, business taxation

Autumn Budget 2024 brought a further announcement regarding Making Tax Digital for Income Tax Self Assessment: “The government is committed to delivering Making Tax Digital (MTD) for income tax Self Assessment. The government will expand the rollout of MTD to...

Business Property Relief and Agricultural Property Relief – Changes in Autumn Budget 2024

by Jessica Garbett | Nov 4, 2024 | budget, business taxation, capital taxation

The recent Autumn Budget has seen changes to the Inheritance Tax Business Property and Agricultural Property Reliefs (BPR and APR respectively). There has been a but of noise about this in the media, played out as “unfair to farmers” – lets take a...

High Income Child Benefit Charge – Changes in Autumn Budget 2024

by Jessica Garbett | Nov 4, 2024 | budget, personal finance, personal taxatation

In the small print of the Autumn Budget 2024 were some changes to HIBC: “The government will not proceed with the reform to base the HICBC on household incomes. This is because it would have come at a significant fiscal cost of £1.4 billion by 2029-30 if setting...

Double Cab Pickups – Change in Autumn Budget 2024

by Jessica Garbett | Nov 4, 2024 | budget, business issues

A few months ago we wrote about a bizarre situation where HMRC announced the reclassification of Double Cab Pick-ups as Cars rather than Commercial Vehicles, only to reverse the announcement a week later – see Double Cab Pick-ups – Changes Announced and...

ACCA – Autumn Budget 2024: tax rates and allowances

by Jessica Garbett | Nov 4, 2024 | ACCA, budget, business taxation

Income tax rates: England, Wales & Northern Ireland (non-dividend income) (note 1) 2025/26 2024/25 0% starting rate for savings only Up to £5,000 Up to £5,000 0% on personal allowance (subject to any clawback of PA) £0 – £12,570 £0 – £12,570 20% basic...

ACCA – Budget 2024 Guide to Stamp duty land taxes: UK

by Jessica Garbett | Nov 4, 2024 | ACCA, budget, business taxation

Stamp duty land taxes: UK ENGLAND & NORTHERN IRELAND: STAMP DUTY LAND TAX (SDLT) RATES Residential properties: 23 September 2022 – 30 October 2024 Property value UK residents Non-UK residents Only property Additional property Only property Additional...

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Next Entries »

Christmas and New Year Office Hours 2024

Autumn Budget 2024 – Unpacking Some Extras

Autumn Budget 2024 and Planning Implications for Business Owners

ACCA – All change for employees expenses claims

Tax Implications of Incorporation and Director Salary Levels for Small Businesses – Changes from Autumn Budget 2024

ACCA – Economic Crime and Corporate Transparency Bill becomes law

ACCA – Companies House reform and identity verification

ACCA – VAT compliance controls – HMRC Guidelines

ACCA – Reporting requirements for online marketplaces

Making Tax Digital – Changes in Autumn Budget 2024

Business Property Relief and Agricultural Property Relief – Changes in Autumn Budget 2024

High Income Child Benefit Charge – Changes in Autumn Budget 2024

Double Cab Pickups – Change in Autumn Budget 2024

ACCA – Autumn Budget 2024: tax rates and allowances

ACCA – Budget 2024 Guide to Stamp duty land taxes: UK

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