budget Archives - Page 21 of 32 - Whitefield Tax - Isle of Wight Accountants

Spring Budget 2017 – First Impressions

by Jessica Garbett | Mar 8, 2017 | budget, business issues, business taxation, IR35, personal taxatation, VAT

Making Tax Digital – no move on the £10,000 threshold – if you earn over that you will have to start filing quarterly accounts on line – but there is a deferment of one year for non VAT registered sole traders. Implementation dates are now: –...

Autumn Statement 2016

by Jessica Garbett | Nov 29, 2016 | budget

Our latest technical briefing, including a look at important content in the Autumn Statement, is now up at: Autumn Statement 2016 Key things that may interest our clients are: Flat Rate VAT scheme restriction – eliminates it for most PSCs Confirmation of the new...

Budget 2016: Micro entrepreneurs’ annual allowance

by Jessica Garbett | May 31, 2016 | ACCA, budget, business taxation, HMRC, personal taxatation

The March 2016 Budget announced that from April 2017 two new allowances of £1,000 each would be introduced for property and trading income. Individuals with property income or trading income below the level of the allowance will no longer need to declare or pay tax on...

Budget 2016: Finance Bill and directors’ loans

by Jessica Garbett | May 24, 2016 | ACCA, budget, business taxation, personal taxatation

The rate of tax charged on directors’ overdrawn loans has increased to 32.5%. A reminder that from 6 April 2016 the rate of tax charged on loans to participators increased to 32.5%. The new rates apply to loans made and benefits conferred by close companies on or...

Budget 2016: Lifetime ISA and ISA update

by Jessica Garbett | May 5, 2016 | ACCA, budget, personal finance, personal taxatation

Alongside auto-enrolment is the lifetime ISA the new pension for the under 40s? From April 2017, any adult under 40 will be able to open a new Lifetime ISA from which they will also be able to withdraw amounts they have contributed. Making contributions Up to £4,000...

Increased pension flexibility

by Jessica Garbett | Apr 20, 2016 | ACCA, budget, pension reform, pensions

The great pension revolution has been put on hold, but for how long? Direct pension changes were limited to tidying up a few areas where the legislation failed to work as intended. These current rules and changes are: Current law Serious ill-health lump sums can be...

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Spring Budget 2017 – First Impressions

Autumn Statement 2016

Budget 2016: Micro entrepreneurs’ annual allowance

Budget 2016: Finance Bill and directors’ loans

Budget 2016: Lifetime ISA and ISA update

Increased pension flexibility

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