Entrepreneurs’ Relief (ER) is a valuable tax relief for those disposing of a business. It can give access to a 10% rate of capital gains tax, subject to a £10 million lifetime limit. ER is potentially available to company shareholders, owners of unincorporated businesses and trustees. But for a claim for ER to be successful, …
Acas has launched new guidance to help guard against age discrimination at work.
A substantial increase in probate fees was planned for April 2019, but is still making its way through parliament, due to pressure of other business.
Getting tax relief on a claim for capital allowances is not always plain sailing. This was recently highlighted at the tax tribunal, where a taxpayer faced the possibility of forfeiting tax relief on 80% of his expenditure.
Making Tax Digital for VAT (MTDfV), the new regime for VAT return submission, is now live. All businesses with taxable turnover over the £85,000 VAT registration limit come within the new rules.
The Pensions Act 2008 brought the requirement for employers to enrol particular qualifying employees in a workplace pension scheme, and to make scheme contributions. This auto-enrolment regime provides for an increase in minimum contributions on set dates – sometimes called phasing.
Negotiating the VAT rules is a complex business, considerable risk attaching to errors. But one recent tax tribunal case – which the taxpayer won – made more entertaining reading than many.
The Reach Fund is a grant programme that helps charities and social enterprises raise investment.