Budget 2018: the chancellor has announced measures to ensure that taxes paid by customers and employees to companies going into insolvency are protected, by changing unsecured creditor priorities and making directors liable for company taxes in certain circumstances.
SME Tax News
The Cryptoassets Taskforce has published its final report. The 'Cryptoassets Taskforce Final report' lays out the UK’s policy and regulatory approach to cryptoassets and distributed ledger technology in financial services. It did not cover tax.
Budget 2018: the chancellor announced that the UK will proceed with a Digital Services Tax from April 2020.
Budget 2018: the chancellor has announced measures to ensure that the Employers' NIC Allowance will be restricted to smaller businesses only.
Budget 2018: the chancellor has announced a reduction of rate of special writing down allowance for capital allowances affecting assets in the special rate pool.
Budget 2018: the chancellor has announced that Income tax, Capital Gains tax and Corporation tax voluntary tax returns are to be put on a statutory basis.
Budget 2018: the chancellor has announced a temporary increase in the Annual Investment Allowance (AIA) to £1million.
Budget 2018: the chancellor has announced that the UK will be adopting OECD recommended changes to the definition of permanent establishment.
Budget 2018: the chancellor announced changes to taxing gains made by non-residents on UK immovable property, confirming that non-resident CGT will be extended to disposals of all UK land and to UK property rich companies.
Budget 2018: the chancellor has included provisions in Private residence relief: Budget 2018 brief, restricting lettings relief and reducing the Private Residence Relief (PRR) final period exemption from April 2020.