House of Lords calls for delay to Making Tax Digital
The House of Lords Economic Affairs Finance Bill sub-committee has in a report issued on 17 March 2017 called for a delay to the Making Tax Digital proposals.
10 March, 2017
Latest news
National Insurance “fairness”
In the Budget on 8 March, the Chancellor provided a lengthy explanation comparing the position of the self employed and employees, noting the more favourable tax treatment of the self employed and changes that make the benefits system more comparable with employees (with the introduction of the new state pension), but omitting to mention the real risks for genuine entrepreneurs.
05 March, 2017
Budget summary 2017
For many farmers and landlords, the changes announced in Philip Hammond’s Spring Budget will not take effect until April 2018, which gives time to consider the detail and is to be appreciated. However, the changes already announced to tax relief on interest where some of the borrowing relates to let residential properties will have an impact from this April, so landlords should consider this if they have not already done so when arranging borrowing.
01 March, 2017
Autumn Statement 2016
Click here to download our Autumn Statement 2016. December 2016...
01 December, 2016
Residential rental business interest restrictions – further guidance
In the 2015 Summer Budget, restrictions to tax relief on interest in residential rental businesses were announced, to be introduced from April 2017 as outlined in an earlier article.
10 November, 2016
Loss relief restrictions – Agricultural Law Association Bulletin Spring 2016
Click here to download Loss relief restrictions - Agricultural Law Association Bulletin Spring 2016. April 2016 ...
20 April, 2016
Budget 16 March 2016 Initial analysis for farmers and landowners
George Osborne set out to put stability first, to put the next generation first and to give a Budget for working people.
20 March, 2016
Additional Inheritance Tax relief for residences
From April 2017 there will be an additional residence nil-rate band worth up to £175,000 per individual (£100,000 in 2017/18, £125,000 in 2018/19, £150,000 in 2019/20, and £175,000 in 2020/21), with the unused residence nil-rate band of a deceased spouse or civil partner being available to the surviving spouse.
10 December, 2015
Autumn Statement 2015
This year’s Autumn Statement from George Osborne has seen a dramatic U-turn on tax credits helping to quell negative political feedback on a measure that was always more of a timing issue as the Universal Credit was introduced.
10 November, 2015
Annual Investment Allowance change – watch the date!
The capital allowances annual investment allowance (AIA) will be £200,000 from 1 January 2016. The limit is expected to remain at this level and is much higher than the £25,000 limit previously expected, although not as generous as the £500,000 limit applying up to 31 December 2015.
10 October, 2015