business taxation Archives - Page 65 of 77 - Whitefield Tax - Isle of Wight Accountants

Relief for trading losses

by Jessica Garbett | Nov 8, 2016 | ACCA, business taxation

Is this the end of carry-forward loss relief for companies as we know it? In 2016 the government announced a consultation process on changes to the treatment of losses for corporation tax purposes. With the consultation exercise now completed, we are expecting the...

HMRC withdraws free corporation tax software

by Jessica Garbett | Oct 28, 2016 | ACCA, business taxation

HMRC announced last year that its free online filing form for corporation tax returns is being withdrawn. Currently it provides free, downloadable pdf forms which enable a company to file CT600 forms. This service will be available only until 31 December 2016 to file...

When are pre-letting expenses allowed?

by Jessica Garbett | Oct 21, 2016 | ACCA, business taxation, personal taxatation, property taxation

A look, with working examples, at pre-letting expenses and the issue of whether repairs are a capital or revenue expense. Profits from UK land or property are treated, for tax purposes, as arising from a business. The broad scheme is that rental business profits are...

Extracting funds from a limited company – HMRC has renewed its interest in how businesses extract funds

by Jessica Garbett | Aug 16, 2016 | ACCA, business taxation, HMRC

A common scenario at any stage in the life of a private limited company would be shareholders contemplating retirement and therefore extraction of funds is on the agenda. Sounds straightforward enough? Accountants advising clients know that this issue is far from...

The rising costs of taking loans from your company

by Jessica Garbett | Jul 19, 2016 | ACCA, business issues, business taxation

The tax implications of taking a director’s loan. HMRC introduced provisions a number of years ago which targeted company directors who took loans from their personal companies. Prior to these provisions they could effectively avoid income tax and national insurance...

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...

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Next Entries »

Relief for trading losses

HMRC withdraws free corporation tax software

When are pre-letting expenses allowed?

Extracting funds from a limited company – HMRC has renewed its interest in how businesses extract funds

The rising costs of taking loans from your company

Budget 2016: Micro entrepreneurs’ annual allowance

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