business taxation Archives - Page 42 of 76 - Whitefield Tax - Isle of Wight Accountants

AIA – a reminder

by Jessica Garbett | Jun 11, 2019 | ACCA, business taxation

Annual Investment Allowance is a scheme for business tax payers – companies, partnerships and sole traders – to offset capital expenditure on plant and equipment – but not cars – against tax. The thresholds have a history of changing in recent...

Welsh rates of income tax (WRIT)

by Jessica Garbett | May 29, 2019 | ACCA, business taxation, employer returns, personal taxatation

Welsh rates of income tax (WRIT) came into effect from 6 April 2019. HMRC will tell employers which tax code is appropriate to apply to an employee in advance of the introduction of the Welsh rates of income tax. Tax codes for Welsh taxpayers will be prefixed with a...

Changes for R&D tax credits

by Jessica Garbett | May 22, 2019 | ACCA, business taxation

Businesses that are considering making an R&D claim need to understand the ‘capping’ changes made by the Chancellor. When first introduced, the small and medium enterprise (SME) R&D scheme had a cap on the amount of credits that could be claimed. This was...

Allowances for property are back

by Jessica Garbett | May 16, 2019 | ACCA, business taxation, property taxation

Businesses spending money on property structures can obtain tax relief. A very common query that the ACCA Technical Advisory team answers relates to the availability or non-availability of capital allowances where a business spends money on the structure of a...

The full range of benefits in kind

by Jessica Garbett | May 8, 2019 | ACCA, business taxation, employer returns, personal taxatation

There’s a lot to consider when it comes to employees using assets for private use. Start with a simple or not so simple question – what is the taxable benefit in kind to an employee or director when the employer allows the employee to use an asset for private use?...

Tax allowances available when working from home

by Jessica Garbett | May 7, 2019 | ACCA, business taxation

Employees and self-employed can claim certain reliefs when they work from home. This will depend on a number of conditions. Employees working from home It is a condition for tax relief under section 336 ITEPA 2003 that the expenses must be incurred ‘wholly and...

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AIA – a reminder

Welsh rates of income tax (WRIT)

Changes for R&D tax credits

Allowances for property are back

The full range of benefits in kind

Tax allowances available when working from home

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