personal taxatation Archives - Page 25 of 47 - Whitefield Tax - Isle of Wight Accountants

Scotland’s tax-setting powers increase

by Jessica Garbett | Apr 26, 2017 | ACCA, business taxation, personal taxatation

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’...

Landlords’ options under Making Tax Digital

by Jessica Garbett | Apr 6, 2017 | ACCA, personal taxatation, property taxation

Cash basis will become the default option for calculating taxable profits. It’s stated that landlords will be able to use the cash basis rather than generally accepted accounting practice (GAAP) as the default method of calculation, ‘unless a landlord opts out or has...

More on Making Tax Digital

by Jessica Garbett | Apr 5, 2017 | ACCA, HMRC, personal taxatation

Finance Bill 2017 will outline provisions of the new system. The Budget gave one small concession on Making Tax Digital (MTD) for those below the VAT threshold for quarterly accounting, but we now await further detail. Legislation will be introduced in Finance Bill...

Personal savings allowance offers a boost

by Jessica Garbett | Apr 3, 2017 | ACCA, personal finance, personal taxatation

Taxpayers can now earn £500-£1,000 in savings income tax-free. From 6 April 2016, basic rate taxpayers can earn up to £1,000 in savings income tax-free. Higher rate taxpayers can earn up to £500. These are the Personal Savings Allowance. Savings income includes...

Probate fees may rise

by Jessica Garbett | Mar 23, 2017 | ACCA, capital taxation, personal finance, personal taxatation

Government says reforms would improve efficiency and generate around £300m. The government has responded to the consultation ‘to reform fees for grants of probate’. It expects that these changes should be one step ahead to increase efficiency and deliver a better...

All change for employee shareholder agreements

by Jessica Garbett | Mar 20, 2017 | ACCA, business taxation, capital taxation, personal taxatation

Income tax relief and CGT exemption on shares to end. The income tax reliefs and capital gains tax (CGT) exemption will no longer be available with effect from 1 December 2016 on any shares acquired in consideration of an employee shareholder agreement entered into on...

« Older Entries

Next Entries »

Scotland’s tax-setting powers increase

Landlords’ options under Making Tax Digital

More on Making Tax Digital

Personal savings allowance offers a boost

Probate fees may rise

All change for employee shareholder agreements

Register for our Newsletter

Whats Current?

Latest News

Search News by Date or Category

From our daughter business YogaTax