by Jessica Garbett | Mar 21, 2016 | ACCA, business issues
Government guidance on ‘people with significant control regulations’ has been issued. Companies and LLPs will be required to keep a PSC register from 6 April 2016. They will need to send the information to Companies House with their confirmation statement from 30th...
by Jessica Garbett | Mar 21, 2016 | ACCA, budget, business taxation
Loses can be offset against profits from April 2017. The chancellor announced that companies that incur losses on or after 1 April 2017 and carry them forward, will be able to use those loses against profits from other income streams or from other companies within a...
by Jessica Garbett | Mar 20, 2016 | ACCA, budget, business issues, business taxation, HMRC
Comments on ‘making tax digital’ were vague. Find out the latest, plus the revealing thoughts of one ACCA practitioner. Hidden away there was a comment that ‘from 2018 businesses, self-employed people and landlords who are keeping their records digitally and providing...
by Jessica Garbett | Mar 19, 2016 | ACCA, budget, capital taxation
Legislation will be introduced to reduce the 18% and 28% rates of CGT. Legislation will be introduced in the Finance Bill 2016 to reduce the 18% and 28% rates in those provisions to 10% and 20% respectively. It has been stated that this ‘will be subject to exclusions...
by Jessica Garbett | Mar 18, 2016 | ACCA, budget, IR35
On 14 March David Gauke said: ‘The government is considering responses to the discussion document published last July on how to improve the effectiveness of the existing intermediaries’ legislation (IR35). As set out in the discussion document, the government’s...
by Jessica Garbett | Mar 18, 2016 | ACCA, budget, business taxation
Van benefit charge for zero-emission vehicles remains at 20% rate. When a van is made available to an employee by reason of his employment and is also made available for private use (other than for restricted private use), then a benefit in kind will arise. The...
by Jessica Garbett | Mar 17, 2016 | ACCA, budget
The Chancellor is finally thinking small first ACCA gives its view on the Chancellor’s eighth budget Any bad news was kept to a minimum with the referendum so close, but there was a clear focus on small businesses and young people, although it is less clear where the...
by Jessica Garbett | Mar 16, 2016 | budget, business issues, business taxation, capital taxation, dividends, financial reporting, IR35, pension reform, pensions, personal finance, personal taxatation, property taxation, PSC
We’ve added a briefing on todays 2016 Spring Budget and other current technical issues 20136 03 technical briefing
by Jessica Garbett | Mar 16, 2016 | business taxation, dividends, personal finance, personal taxatation
We’ve added a new briefing to our website on Tax on Savings and Dividends, pertinent with the new Personal Savings Allowance, and the New Dividend Tax, both coming in this April. Tax on Savings and Dividends
by Jessica Garbett | Mar 16, 2016 | business issues, National Minimum Wage and National Living Wage
We’ve added a briefing to our website on National Minimum Wage and the New National Living Wage which comes in this April. National Living Wage/National Minimum Wage
by Jessica Garbett | Mar 14, 2016 | ACCA, business issues, property taxation
The government introduced further obligations on landlords and managing agents to check that tenants and lodgers are legally eligible to rent property in England. On 1 February 2016 the government introduced further obligations on landlords and managing agents to...
by Jessica Garbett | Mar 9, 2016 | ACCA, business taxation, fee protection, HMRC, personal taxatation
HMRC has introduced a new approach to handling repayment queries. The beginning of the calendar year has seen a flurry of enquiry letters issued by the HMRC Repayment Credibility Team. Typically the taxpayers receiving the letters have multiple streams of PAYE and...
by Jessica Garbett | Mar 7, 2016 | ACCA, business taxation, enquiries and tax disputes, HMRC, personal taxatation
Tax penalties and reasonable excuses. Practitioners are not under a duty to make enquiries to identify irregularities which are unrelated to the work they have been engaged by clients to undertake. Notwithstanding this, members may give clients information about how...
by Jessica Garbett | Mar 2, 2016 | ACCA, business issues, pension reform, pensions
The government will publish a response to the consultation on technical changes for auto enrolment in early March 2016 with a view to making the regulations in the same month. The regulations would come into force in April 2016 and would amend the existing...
by Jessica Garbett | Feb 29, 2016 | ACCA, business taxation, HMRC, personal taxatation
HMRC has published its myth buster which highlighted the chasm that exists between businesses and their advisers and HMRC. It has also been holding meetings around the country to further explain the policy. There is still very little detail on the proposal and this is...
