Nearly a quarter of UK businesses report that late payments threaten their survival.
Where a property is someone’s residence for all their ‘period of ownership’, there is no capital gains tax to pay on the sale of a main private residence. But with off-plan purchase, where a property is purchased before it’s built, the position with regard to capital gains tax is proving more contentious.
Budget 2018 brought change to the capital allowances regime, including a two-year increase in the Annual Investment Allowance (AIA).
Although charity law varies across the UK, charity governance is very much in the spotlight. The Charity Commission for England and Wales (CCEW) recently reported that nearly 40% of small charities – those with annual income below £25,000 – submitted inaccurate financial information.
Keeping staff can be difficult. One recent report found that workers in the UK change employer, on average, every five years – and that millennials could have been through four different jobs by the time they are 31.
The Autumn Budget brings change to the ‘off-payroll’ working (IR35) rules from April 2020.
A brief round up of the upcoming tax changes.