Budget 2018: the chancellor has announced minor technical amendments to the Main Residence nil rate band which will have effect for deaths on or after 29 October 2018.
SME Tax News
Budget 2018: the chancellor has announced VAT reverse charge anti-avoidance changes to remove unintended consequences for businesses trading below the VAT threshold.
Budget 2018: the chancellor has announced Gift Aid Small Donations Scheme (GASDS) changes increasing the limit to £30 to align with the contactless payment limit.
Budget 2018: the chancellor has announced changes to the Capital Allowance rules to clarify when expenditure on altering land to install plant and machinery qualifies for allowances.
Budget 2018: the chancellor has announced that the first-year allowance (FYA) for electric charge points will be prolonged until 2023.
Budget 2018: the chancellor has announced the ending of Enhanced Capital Allowances (ECA) for energy and water efficient plant and machinery from April 2020.
Budget 2018: the chancellor has confirmed that the proposed changes to the VAT treatment of vouchers will go ahead as planned from 1 January 2019.
Budget 2018: the chancellor has announced changes to the VAT specific supplies anti-avoidance, to counteract VAT avoidance in the insurance sector.
Budget 2018: the chancellor announced changes to 'Interest provisions for late payment, repayment and penalties', to ensure that they apply as intended across various taxes.
Budget 2018: the chancellor has announced that a new market value rule will apply in policy document 'Stamp Duty, Stamp Duty Reserve Tax transfers of listed securities and connected parties'.