Whitley Stimpson expert welcomes new IR35 tax delay
A leading tax expert today welcomed the decision to delay complicated tax changes that will affect thousands of contractors in the private sector.
A leading tax expert today welcomed the decision to delay complicated tax changes that will affect thousands of contractors in the private sector.
Capital gains tax (CGT) rules on residential property are being tightened from April 2020, so farmers and landowners should consider completing any planned sales before this deadline, advises experts at Whitley Stimpson.
The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of a new era in this country.
This Budget bore very little resemblance to the traditionally expected Conservative Budget and focused on expenditure or public infrastructure projects in a bid to boost the economy.
£18 billion increase in general public spending, but tax measures were relatively few.
The chancellor planted a few seeds for Boris Johnson’s future plans for the UK economy, before investing heavily in the fiscal equivalent of stockpiling to see the UK through the impending coronavirus (COVID-19) storm.
New Chancellor Rishi Sunak presented the Spring Budget on 11th March 2020. Of course, there was no Autumn Budget 2019 due to the general election, so this sees a return to a March Budget affecting the tax year starting 6th April.
There is much talk these days about responsible business, and the need for greater corporate responsibility, perhaps more talk than action in many instances.
Recent reports have shown that HMRC’s sophisticated automated information system, Connect, is being used increasingly frequently to identify income and gains that have not been declared for tax purposes, and the amount of information that HMRC can access to check whether an individual or business is evading tax is growing all the time.
HM Revenue and Customs (HMRC) introduced the new Making Tax Digital (MTD) programme in April 2019.
Experts at Whitley Stimpson are urging couples to act now to see if they could get a £900 tax rebate before it’s too late.
Parents and grandparents can create a substantial nest egg for their children, with minimal effort, by being clever with their tax planning. By starting a stakeholder pension fund for each of your children and paying in an amount each month, even though they are not taxpayers, there is considerable tax relief available.
Winning awards can often mean just another trophy in the cabinet to say that you have worked hard and have efficient staff doing a good job. In the world of accountancy though, award schemes are far more complicated and essential for gauging performance on so many different levels.
Wellers has helped countless entrepreneurs build and sell their businesses from its offices in Oxford, Banbury, Thame, and London. Here, Stuart Crook shares some advice on what companies need to know about raising finance.
HMRC has issued a warning about so-called ‘phoenixism’ tax avoidance schemes. These seek to avoid income tax charges by winding up a company and claiming the profits at more favourable capital gains tax (CGT) rates, before restarting activities under a new company.