business taxation Archives - Page 58 of 79 - Whitefield Tax - Isle of Wight Accountants

Non-cash clear-up for disposals of intangibles

by Jessica Garbett | Dec 13, 2017 | ACCA, business taxation

Corporation tax clarified for the sale of intangible fixed assets. The tax position on the disposal of a company’s intangible fixed assets involving non-cash consideration has been clarified. The measure also amends the rules in relation to licences for intangible...

CGT exemption conditions eased

by Jessica Garbett | Dec 11, 2017 | ACCA, budget, business taxation, capital taxation

Substantial shareholding exemption made easier to claim. The government is to amend the substantial shareholding exemption (SSE) legislation and the share reconstruction rules to avoid unintended chargeable gains being triggered where a UK company incorporates foreign...

Making Tax Digital another step nearer

by Jessica Garbett | Dec 8, 2017 | ACCA, business taxation, HMRC, personal taxatation, VAT

VAT to be all-digital from April 2019. The chancellor has announced the passage of enabling legislation in the Finance (No.2) Act 2017 allowing, subject to secondary legislation, for HMRC to require businesses to keep records digitally. VAT is the only area that must...

Loss makers get tax break for green efficiency

by Jessica Garbett | Dec 4, 2017 | ACCA, budget, business taxation

Tax credits for loss-making businesses investing in efficient energy and water. Legislation will be introduced in the Finance Bill 2017/18 to amend schedule A1 to the Capital Allowances Act 2001. It would allow loss-making UK businesses to claim a first-year tax...

Budget: Income tax changes

by Jessica Garbett | Dec 1, 2017 | ACCA, budget, business taxation, personal taxatation

The chancellor made a number of tweaks to income tax rates, rules and allowances. The following changes will be implemented from April 2018: Personal Allowance increase Personal allowance has been increased from £11,500 to £11,850. This means higher rate tax rates...

Group loss relief – all change

by Jessica Garbett | Nov 28, 2017 | ACCA, business taxation, HMRC

HMRC has announced a consultation on changes to company group relief. The aim of the draft legislation is to simplify the arrangements for claiming and surrendering group relief for carried-forward losses. For some groups this may mean being able to access losses and...

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Non-cash clear-up for disposals of intangibles

CGT exemption conditions eased

Making Tax Digital another step nearer

Loss makers get tax break for green efficiency

Budget: Income tax changes

Group loss relief – all change

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