Category: Tax

Finance Bill 2017-19

October 2017

The government has published Finance Bill 2017-19, containing a number of changes that will affect both savers and investors. Many of the measures in the Bill were expected in April 2017 but were withdrawn due to the snap general election,...

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Research and Development

September 2017

Companies are more aware of research and development (R&D) tax reliefs than they were a few years ago, however there are still a lot of companies not claiming the relief that they could be eligible for, and of those that are...

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Do all Company Directors have to file tax returns?

August 2017

The stubborn insistence by HMRC that all company directors must file a Self Assessment tax return has been a point of discussion in practices for many years. It is mandatory for a company director to file a tax return with...

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HMRC Delays Making Tax Digital

July 2017

HMRC has announced a deferral to the launch of Making Tax Digital (MTD) following concerns raised by the accountancy profession, businesses and parliamentary bodies. The recommendation to postpone the implementation of MTD to 2019/2020 was originally proposed by the Treasury...

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Inheritance Tax

July 2017

What is Inheritance Tax? Inheritance Tax (IHT) may be payable on an individual’s estate on death or on certain gifts made during their lifetime. IHT is payable on chargeable transfers of value made by a person during their lifetime or on...

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Capital Gains Tax – The 10 Percenters

June 2017

We constantly advise people who are completely sure that they will automatically be rewarded with a big pay off as a result of selling their company one day. They are also entirely sure that they will only suffer tax at 10% on...

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What Will a New Government Mean for Making Tax Digital?

May 2017

Androulla Soteri, tax development manager at our member firm MHA MacIntyre Hudson, says businesses shouldn’t be complacent about the technological change Making Tax Digital (MTD) represents: “Despite public perception, Making Tax Digital (MTD) has not been dropped. We’re however very much...

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Interest and Dividends Tax

May 2017

The tax regime for interest and dividends changed with effect from 6 April 2016, so the 2016/17 tax year is the first time you will see these changes. Are you aware of all the new rules and allowances? Interest Tax...

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Residence Nil Rate Band – Inheritance Tax

April 2017

With effect from 6 April 2017, the government brought in a new Inheritance Tax allowance that applies specifically to the main residence. The Residence Nil Rate Band (RNRB) is in addition to an individual’s own nil rate band of £325,000, which...

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Financial Resolutions for the New Tax Year

April 2017

While the dawn of a new tax year may not involve as much celebration as a new calendar year, we still think it’s a great time to stop and reflect. You can consider what your business has achieved over the...

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