personal taxatation Archives - Page 21 of 47 - Whitefield Tax - Isle of Wight Accountants

The Scottish rate of tax

by Jessica Garbett | Dec 18, 2017 | ACCA, business taxation, personal taxatation

A recap on who, what and when, designed to help with 2016/17 self-assessment tax returns. When are the changes from? From 6 April 2016 people who live in Scotland pay a proportion of their income tax to the Scottish government. The Scottish rate of income tax (SRIT),...

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...

Reprieved class 2 NICs

by Jessica Garbett | Dec 5, 2017 | ACCA, personal taxatation

Threshold and contributions up before 2019 abolition. It was announced earlier in November that the government has chosen to delay the abolition of class 2 national insurance contributions (NICs) by a year until 6 April 2019. For 2018/19 the small profits threshold...

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...

Benefits in kind – new rules following the abolition of dispensation

by Jessica Garbett | Nov 24, 2017 | ACCA, employer returns, expense payments, personal taxatation

Are you fully aware of the new exemptions for certain benefits in kind? Exemptions replace dispensations From 2016/17 dispensation rules exempting employers from reporting certain benefits in kind on P11D have been abolished and replaced by exemptions. Any...

Autumn 2017 Budget

by Jessica Garbett | Nov 22, 2017 | budget, business taxation, personal taxatation, politics

A very quick set of “first impressions” on todays budget speech, as always focused on a typical Whitefield client – so I’m not paying a lot of attention to the wider proposals on public expenditure, excise duty on tobacco/alcohol, and taxes...

« Older Entries

Next Entries »

The Scottish rate of tax

Making Tax Digital another step nearer

Reprieved class 2 NICs

Budget: Income tax changes

Benefits in kind – new rules following the abolition of dispensation

Autumn 2017 Budget

Register for our Newsletter

Whats Current?

Latest News

Search News by Date or Category

From our daughter business YogaTax