Finance Bill 2017 – what is happening?
Much of the most complex legislation is being dropped, including the corporate tax measures, the changes for non-doms and the Making Tax Digital clauses.
Stay of execution over proposed probate fee increase
In a roller coaster ride, the Government first sought to rush their controversial hike in probate application fees through Parliament before the anticipated dissolution on 3 May, then overnight conceded that there is too little time to do so and announced that the measure will be scrapped.
What will the General Election mean for Making Tax Digital?
With a snap election due to take place on 8 June, we’ve been giving a little thought to what the impact on Making Tax Digital might be.
Pensions Relief restricted despite the era of auto-enrolment
The introduction of auto-enrolment was meant to encourage saving - the simultaneous restrictions being placed on the Pensions Relief seem a little contradictory.
Getting payroll right in the new tax year
There are a number of changes taking place from April 2017 and you need to ensure that you have addressed them and are operating correctly within the new rules.
Annual Tax on Enveloped Dwellings (ATED) on (£500,000+) residential properties
ATED has created a new filing obligation at the beginning rather than after the year, with penalties charged for late filing.
Travellers are set to face increasing phone bills when using their mobile phones abroad
In the Spring Budget 2017, the government announced that it will remove the VAT use and enjoyment provision for mobile phone services provided to consumers.
Increase in probate fees – more detail announced
Following confirmation that the Ministry of Justice would be pushing ahead with a massive increase in probate fees, they have now released a draft...
Van benefit is chargeable if the van is available for an employee’s private use. A fuel benefit may also be chargeable if an employee has the benefit of private fuel paid for in respect of a company van. The charges do not apply to vans if a ‘restricted private use condition’ is met throughout the year. A […]
From 6 April 2017 a Trade Allowance of £1,000 per annum is introduced for individuals. There will be an equivalent rule for certain miscellaneous income. This will apply to the extent that the £1,000 trading allowance is not used against trading income. The trade allowance is not available against partnership income. Income up to £1,000 […]