business taxation Archives - Page 60 of 78 - Whitefield Tax - Isle of Wight Accountants

Employee benefit trusts and tax avoidance

by Jessica Garbett | Aug 22, 2017 | ACCA, business taxation, enquiries and tax disputes, penalties

GAAR Advisory Panel issues significant conclusion in recent case. In a recent company and taxpayer case concerning employee rewards the GAAR Advisory Panel concluded that: ‘entering into the tax arrangements isn’t a reasonable course of action in relation to the...

Making Tax Digital Deferral

by Jessica Garbett | Jul 14, 2017 | business taxation, HMRC, politics

A bit of good news for a summer Friday morning. Yesterday – Thursday 13 July – the Government announced a deferral in the timescales for the ambitious Making Tax Digital programme – the one where businesses would have to submit quarterly figures...

Gift aid: small donations

by Jessica Garbett | Jun 26, 2017 | ACCA, business taxation

On 6 April 2017, some of the rules for the Gift Aid Small Donations Scheme (GASDS) were changed. These changes can be summarised as follows: The maximum amount of GASDS top up you can claim is 10 times the total amount of Gift Aid donations claimed on by the charity...

Tax efficient cash extraction from businesses

by Jessica Garbett | May 31, 2017 | ACCA, business taxation, personal taxatation

When to charge a company rent and mortgage interest. With the recently announced reduction of the tax free dividend allowance to a modest 2k next year, many practitioners will be interested to explore other avenues of tax efficient cash extraction still available to...

FreeAgent Software

by Jessica Garbett | May 25, 2017 | business taxation, HMRC

By now readers of this newsletter should be aware of the impending arrival of Making Tax Digital. Staging dates are: April 2018 sole traders / partnerships over vat limit – Income Tax and NI April 2019 sole traders / partnerships under vat limit – Income...

Dividend allowance: band rates

by Jessica Garbett | May 11, 2017 | ACCA, business taxation, property taxation

Calculate how dividends over £5,000 will be taxed. As the tax year 2016/17 closes we will see the calculations and the impact of the dividend allowance. Dividends received over £5,000 will be taxed at the following rates: 7.5% on dividend income within the basic rate...

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Employee benefit trusts and tax avoidance

Making Tax Digital Deferral

Gift aid: small donations

Tax efficient cash extraction from businesses

FreeAgent Software

Dividend allowance: band rates

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