HMRC Archives - Page 10 of 21 - Whitefield Tax - Isle of Wight Accountants

Wear and tear allowance – a reminder

by Jessica Garbett | Mar 14, 2017 | ACCA, HMRC, personal taxatation, property taxation

The wear and tear allowance for fully furnished residential properties was abolished from April 2016. This affected companies from 1 April 2016 and individuals and others (such as trusts and other unincorporated entities) from 6 April 2016. Instead, for the current...

Scotland’s tax-setting powers increase

by Jessica Garbett | Mar 13, 2017 | ACCA, business taxation, HMRC, personal taxatation, politics

Scottish Parliament gains full control over residents’ income tax. From April 2017, the UK government will devolve further legislative powers to set income tax rates and thresholds applying to employment, pensions and property income (‘non-savings, non-dividends’...

Small income annual allowances

by Jessica Garbett | Mar 6, 2017 | ACCA, business taxation, HMRC

2017 sees the introduction of two new tax allowances that have so far gone ‘under the radar’. From April 2017 the government is introducing two new annual tax allowances for individuals of £1,000 each, one for trading and one for property income. These were announced...

Making tax digital – distilled

by Jessica Garbett | Mar 3, 2017 | ACCA, business issues, business taxation, HMRC, personal taxatation

Read our digest of the key points of HMRC’s consultation responses – and then let us know what you think. On 31 January, as practitioners were finalising tax returns to meet the self assessment deadline, HMRC published consultation responses indicating the...

Scottish tax rates set to differ

by Jessica Garbett | Feb 25, 2017 | ACCA, HMRC, personal taxatation

The Scottish government has previously revealed plans to introduce tax thresholds and rates that are different from those used in England and Wales. HMRC has, as you would expect, been issuing P9X, containing rates, thresholds and tax code increases required by...

Making Tax Digital – HMRC Consultation Response

by Jessica Garbett | Jan 31, 2017 | business taxation, HMRC, personal taxatation

Back in the autumn we were promised a response from HMRC to their summer 2016 MTD consultations during January 2017. Well the days have gone by, and about 4pm this afternoon an email from HMRC arrived announcing the response was up. Well, its still January, just....

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Wear and tear allowance – a reminder

Scotland’s tax-setting powers increase

Small income annual allowances

Making tax digital – distilled

Scottish tax rates set to differ

Making Tax Digital – HMRC Consultation Response

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