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.
SME Tax News
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'.
Budget 2018: the chancellor has announced that from 6 April 2020, non-UK resident companies that carry on a UK property business, or have other UK property income, will be charged to Corporation Tax.
Budget 2018: the chancellor announced new measures in Preventing the abuse of Research & Development Relief by SMEs.