SME Tax News

Proposed changes to the definition of a personal company for Entrepreneurs' Relief have been amended as Finance Bill 2019 goes through parliament, to offer an alternative, less stringent test.

Fewer than a third of company incorporations took advantage of the new joined HMRC and Companies House 'Streamlined Company Registration Service' last year.

Happy New Year

A short update this week. If you have time over your cuppa, do try our Christmas Quiz.

Following a consultation in 2018, Finance Bill 2019 provides for a fixed rate writing down allowance for goodwill and other intangibles created or acquired by companies on or after 1 April 2019 where they are acquired alongside qualifying intellectual property (IP) assets.

Season's greetings to you all from the team at www.rossmartin.co.uk

Hello

This is probably our last Web-update of the year. We are rounding off with some good news: HMRC have changed their guidance for directors.