News and Comment - Page 24 of 101 - Whitefield Tax - Isle of Wight Accountants

ACCA: Top ten common tax elections and claims

by Jessica Garbett | Jan 23, 2023 | ACCA, business taxation, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Keep up-to-date to minimise the risk of missed deadlines Some of these claims have strict time limits, which should be given due...

ACCA – Basis period reforms – handling the transition

by Jessica Garbett | Jan 20, 2023 | 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 ACCA on Examining the impact of abolishing ‘basis period’ from 2024-25 – applies to Sole Traders and Partnerships Part 4 of Finance Act...

ACCA: Using provisional or estimated figures for self-assessment

by Jessica Garbett | Jan 20, 2023 | 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 Ensure you are fully aware of HMRC’s current stance As the self-assessment deadline approaches, a common area of concern will be the use of...

ACCA – Act now to register longstanding banking complaints

by Jessica Garbett | Jan 18, 2023 | ACCA, business issues

UK SMEs have less than three months left to register unresolved historical banking complaints with the BBRS The Business Banking Resolution Service (BBRS) is reminding businesses about a a free and independent dispute resolution service. Businesses with historical...

ACCA – Companies House and overseas entities

by Jessica Garbett | Jan 13, 2023 | ACCA, business issues

Overseas entities are urged to register with Companies House before January deadline The Register of Overseas Entities came into force on 1 August 2022 and requires all entities in scope to register with Companies House before the deadline of 31 January 2023. Overseas...

ACCA – Associated companies and the small profits corporation tax rate

by Jessica Garbett | Jan 11, 2023 | ACCA, business taxation

A summary of changes coming in April 2023 As at 1 April 2023, companies with taxable profits over 250,000 will pay corporation tax at the main rate of 25%. Companies with taxable profit of 50,000 or less will be subject to corporation tax at the rate of 19% and...

ACCA – Exceptions to the 60-day Residential Property CGT rules

by Jessica Garbett | Jan 6, 2023 | ACCA, capital taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA In which circumstances do you not need to report or pay capital gains tax within 60 days following the sale of Residential Property? Since 6...

ACCA – Income and expenses – helpful hints for the tax return

by Jessica Garbett | Jan 4, 2023 | ACCA, business taxation, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA WIth peak tax return filing season on us, here are ACCAs top tips on tax adjustments Taxable and non-taxable receipts Income tax is charged...

Making Tax Digital for Income Tax Self Assessment Postponed to April 2026

by Jessica Garbett | Dec 19, 2022 | business taxation, HMRC, personal taxatation

Breaking news today, 19th December 2022. Making Tax Digital for Income Tax Self Assessment (MTDfITSA) Postponed to April 2026. Gov.uk – Government announces phased mandation of Making Tax Digital for ITSA The original date was April 2024, from which time: Sole...

ACCA – Autumn Statement 2022 – Income Tax Rate Changes

by Jessica Garbett | Dec 9, 2022 | ACCA, budget, business taxation, personal taxatation

Income tax changes At-a-glance guide to changes for all thresholds We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The income tax additional rate threshold will reduce from £150,000 to...

ACCA – Autumn Statement 2022 – Non-domestic rates

by Jessica Garbett | Dec 8, 2022 | ACCA, budget, business issues, business taxation

Non-domestic rates Planned revaluation to proceed in April We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The Chancellor confirmed that the planned revaluation for England will proceed in...

ACCA – Autumn Statement 2022 – Dividend Allowance Changes

by Jessica Garbett | Dec 8, 2022 | ACCA, budget, business taxation, property taxation

Dividend allowance updates At-a-glance guide to dividend allowance changes We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Dividend allowance is reduced from £2,000 to £1,000 from April...

ACCA – Autumn Statement 2022 – MTD for residential property landlords

by Jessica Garbett | Dec 7, 2022 | ACCA, budget, property taxation

MTD for residential property landlords OTS issues key recommendations following wide ranging survey We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA On 1 November 2022, The Office of Tax...

ACCA – Autumn Statement 2022 – Reforms to research and development (R&D) tax reliefs

by Jessica Garbett | Dec 7, 2022 | ACCA, budget, business issues, business taxation

Reforms to research and development (R&D) tax reliefs Summarising the latest R&D relief changes We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA For expenditure incurred on or after...

ACCA – Autumn Statement 2022 – Stamp Duty Land Tax Changes

by Jessica Garbett | Dec 6, 2022 | ACCA, budget, capital taxation

Stamp Duty Land Tax cuts Previously announced cuts will remain in place until 31 March 2025 We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA On 23 September 2022, the government increased...

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Next Entries »

ACCA: Top ten common tax elections and claims

ACCA – Basis period reforms – handling the transition

ACCA: Using provisional or estimated figures for self-assessment

ACCA – Act now to register longstanding banking complaints

ACCA – Companies House and overseas entities

ACCA – Associated companies and the small profits corporation tax rate

ACCA – Exceptions to the 60-day Residential Property CGT rules

ACCA – Income and expenses – helpful hints for the tax return

Making Tax Digital for Income Tax Self Assessment Postponed to April 2026

ACCA – Autumn Statement 2022 – Income Tax Rate Changes

ACCA – Autumn Statement 2022 – Non-domestic rates

ACCA – Autumn Statement 2022 – Dividend Allowance Changes

ACCA – Autumn Statement 2022 – MTD for residential property landlords

ACCA – Autumn Statement 2022 – Reforms to research and development (R&D) tax reliefs

ACCA – Autumn Statement 2022 – Stamp Duty Land Tax Changes

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