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Budget 2018

The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018. In his speech he stated that ‘austerity is coming to an

Budget 2018 – Business Tax

Making Tax Digital for Business: VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a

Budget 2018 – Capital Taxes

Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and 20%

Budget 2018 – Employment Taxes

Off-payroll working in the private sector The changes to IR35 that came into effect in April 2017 for the public sector will be extended to

Budget 2018 – Personal Tax

The personal allowance The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Comment There is a reduction in the personal

Budget 2018 – Other Matters

Extension of offshore time limits Draft legislation has been issued to increase the assessment time limits for offshore income and gains to 12 years. Similarly the time

Tom Gregory Appointed Head of Healthcare

Tom Gregory, a Chartered Accountant and healthcare sector specialist, brings experience of advising owner managed residential and nursing homes for the elderly, acquired brain injury

Spring Statement 2018 – Introduction

The Chancellor Philip Hammond presented his first Spring Statement on Tuesday 13 March 2018. In his speech he provided an update on the economy

Spring Statement 2018 – Personal Tax

The personal allowance The personal allowance for 2018/19 is £11,850. Comment Some individuals do not benefit from the full personal allowance. There is a reduction in the

Spring Statement 2018 – Business Tax

Making Tax Digital for Business: VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to

Spring Statement 2018 – Employment Taxes

Employer provided cars The scale of charges for working out the taxable benefit for an employee who has use of an employer provided car are

Spring Statement 2018 – Capital Taxes

Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and

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