News and Comment - Page 93 of 95 - Whitefield Tax - Isle of Wight Accountants

Budget 2014 – Starting tax rate for savings

by Jessica Garbett | Mar 25, 2014 | ACCA, budget, personal taxatation

Contributed by ACCA, in their own words Starting tax rate for savings From 6 April 2015, the starting tax rate for savings will be reduced from 10% to zero, and the limit will be increased from £2,880 to £5,000. This measure will benefit those people who have only...

Seed Enterprise Investment Scheme made permanent

by Jessica Garbett | Mar 24, 2014 | ACCA, budget, capital taxation

Contributed by ACCA, in their own words The SEIS initiative to get equity investment into companies has been extended. The excellent SEIS initiative to get equity investment into companies like SEIS has been extended. SEIS was originally announced in the 2012 Budget...

Budget 2014 Changes to the VAT registration threshold and other business-related VAT matters.

by Jessica Garbett | Mar 24, 2014 | ACCA, budget, VAT

Contributed by ACCA, in their own words Changes to the VAT registration threshold and other business-related VAT matters. VAT registration threshold The VAT registration threshold will increase to £81,000, previously £79,000 and deregistration threshold will increase...

R&D Credits – Cashback for loss-making SMEs

by Jessica Garbett | Mar 23, 2014 | ACCA, budget, business taxation

Contributed by ACCA, in their own words Small and medium-sized enterprises that make a loss stand to benefit from an increase in research and development tax credits. The Chancellor announced an increase in the repayable research and development (R&D) tax credit...

Business Premises Renovation Allowance – Budget Changes

by Jessica Garbett | Mar 22, 2014 | ACCA, budget, business taxation

Contributed by ACCA, in their own words The Finance Act 2014 will clarify the scope of Business Premises Renovation Allowance. Business Premises Renovation Allowance (BPRA) is available to businesses that incur capital expenditure on bringing back into business use...

Corporation tax: changes ahead

by Jessica Garbett | Mar 21, 2014 | ACCA, budget

Contributed by ACCA, in their own words Continued reduction in the corporation tax rate, removal of associated company rules, creative industries tax relief and a tightening of group profits movement were Budget highlights. Rates As announced previously, the main...

Budget 2014: ISA charges

by Jessica Garbett | Mar 21, 2014 | ACCA, budget, personal finance

Contributed by ACCA, in their own word Changes will make ISAs more flexible and increase the annual subscription limit. From 1 July 2014, Individual Savings Accounts (ISAs), including junior ISAs and Child Trust Funds (CTF), will be more flexible and will also have...

Budget 2014: Pensions overhaul

by Jessica Garbett | Mar 21, 2014 | ACCA, budget, pension reform, pensions

Contributed by ACCA, in their own words Individuals will benefit from changes to withdrawals from registered pension schemes. Saving was a theme of this Budget and the reform of pensions was a headline measure. A number of changes are being made affecting individuals...

Budget 2014: Inheritance tax round-up

by Jessica Garbett | Mar 21, 2014 | ACCA, budget, capital taxation

Contributed by ACCA, in their own words Details of three changes to IHT. IHT liability for foreign currency accounts The government will treat funds held in foreign currency accounts in UK banks in a similar way to excluded property for the purposes of provisions...

Budget 2014: Changes to personal allowances for basic and higher rate taxpayers revealed

by Jessica Garbett | Mar 21, 2014 | ACCA, budget, HMRC, personal taxatation

Contributed by ACCA, in their own words Changes to personal allowances for basic and higher rate taxpayers revealed. As already announced, for 2014/15 the personal allowance will be £10,000. It has now been announced that this will increase further to £10,500 in...

ACCA on Budget 2014

by Jessica Garbett | Mar 20, 2014 | ACCA, budget

Contributed by ACCA, in their own words Savings, pensions, stamp duty and tax avoidance all feature in ACCA’s response to the Budget 2014. The Chancellor of the Exchequer has failed to tackle the fiscal drag and his increasing the personal tax allowance next year to...

A Simple guide to the Tax Rates and Allowances Announced in the Budget 2014

by Jessica Garbett | Mar 20, 2014 | ACCA, budget

Contributed by ACCA, in their own words A SIMPLE GUIDE TO THE TAX RATES AND ALLOWANCES ANNOUNCED IN THE BUDGET 2014 This is a basic guide, prepared by ACCA’s Technical Advisory team, for members and their colleagues or clients. It is an introduction only and should...

A Simple Guide to The Budget 2014

by Jessica Garbett | Mar 20, 2014 | ACCA, budget

Contributed by ACCA, in their own words A SIMPLE GUIDE TO THE BUDGET 2014 This is a basic guide, prepared by ACCA’s Technical Advisory team, for members and their colleagues or clients. It is an introduction only and should not be used as a definitive guide, since...

Annual investment allowance – transitional rules

by Jessica Garbett | Mar 20, 2014 | ACCA, business taxation, personal taxatation

Transitional rules are the latest development surrounding the annual investment allowance. The annual investment allowance (AIA) was introduced in 2008 to encourage businesses to invest in capital equipment. Under the regime, businesses may claim capital allowances of...

Update to our Terms of Business

by Jessica Garbett | Mar 19, 2014 | administration

Following a consultation earlier this year we’ve made some changes to our Terms of Business. The majority of responses were positive; there were some questions, and some objections – the objections were in same cases around not understanding filing...

Budget 2014 – Starting tax rate for savings

Seed Enterprise Investment Scheme made permanent

Budget 2014 Changes to the VAT registration threshold and other business-related VAT matters.

R&D Credits – Cashback for loss-making SMEs

Business Premises Renovation Allowance – Budget Changes

Corporation tax: changes ahead

Budget 2014: ISA charges

Budget 2014: Pensions overhaul

Budget 2014: Inheritance tax round-up

Budget 2014: Changes to personal allowances for basic and higher rate taxpayers revealed

ACCA on Budget 2014

A Simple guide to the Tax Rates and Allowances Announced in the Budget 2014

A Simple Guide to The Budget 2014

Annual investment allowance – transitional rules

Update to our Terms of Business

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