Philip Hammonds last Autumn Statement

Dec 01, 2016

Philip Hammond surprised MPs when he ended his Autumn Statement by saying:

This is my first Autumn Statement as Chancellor. After careful consideration, and detailed discussion with the…

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Tax changes announced last week

Nov 29, 2016

Last week, Philip Hammond presented his first Autumn Statement to parliament.

In some respects, it was a bit of a damp squid as there were no stand-out revelations. However, there were a…

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Autumn Statement wish lists

Nov 23, 2016

Organisations across the UK have been publicising their wish lists for Philip Hammond’s first autumn statement later this week.

Amongst tax practitioners there seems to be a preference for…

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Buy to let lenders subject to new regulation

Nov 22, 2016

Just when it looked as if things couldn’t get any worse for prospective buy-to-let investors – in particular the gradual withdrawal of higher rate tax relief for finance charges – the Bank of England’s…

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The season to be merry

Nov 17, 2016

If you are involved in planning the staff Christmas party for your firm don’t forget to consider the income tax consequences. Here’s a short reminder of the points you should add to your check list.

The…

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Making tax digital - nothing to worry about

Nov 16, 2016

Readers will be relieved to note that their professional advisors and other interested organisations, have recently lobbied HMRC to temper their agenda for making tax digital (MTD).

In case…

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Annual Investment Allowance (AIA)

Nov 04, 2016

From 1 January 2016, the AIA was increased to an annual limit of £200,000. Unlike previous changes, this is a permanent increase.

The…

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When is a hobby a trade

Nov 03, 2016

We have received enquiries from a number of clients, concerned that HMRC is going to try and tax them for the small amounts of cash that they make from pursuing hobbies. For example, buying and selling…

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Deferring taxable gains until future sales

Nov 03, 2016

It may be possible to delay paying Capital Gains Tax (CGT) if you sell a business asset that is subject to a charge to CGT, but you use all or part of the proceeds to buy new business assets. The…

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