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Where Taxpayers and Advisers Meet
Tax News Filter
HMRC clarify IHT charges
26/03/2007, by Sarah Laing, Tax News - Inheritance Tax, IHT, Trusts & Estates, Capital Taxes

HMRC have confirmed that gifts by parents and grandparents to children under 18 will not be subject to a new inheritance tax charge.The uncertainties concerning ... Continue Reading

Budget hits low earners
23/03/2007, by Sarah Laing, Tax News - Professionals in Practice & Industry

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation has expressed mixed concerns over the announcements made in the 2007 Budget in relation ... Continue Reading

Income Tax Act receives Royal Assent
23/03/2007, by Sarah Laing, Tax News - Business Tax

The Income Tax Act 2007 (ITA 2007), received Royal Assent on 20 March 2007 and takes effect from 6 April 2007.The Act covers:basic provisions about the charge ... Continue Reading

A Political Budget
22/03/2007, by Sarah Laing, Tax News - Business Tax

Gordon Brown delivered his eleventh, and probably his last, Budget Statement yesterday (21st March). Experts throughout the tax profession have largely commented ... Continue Reading

Income tax bands raised
21/03/2007, by Sarah Laing, Tax News - Business Tax

The starting rate and basic rate thresholds for income tax purposes will rise to £2,230 and £34,600 respectively for 2007/08.The Income Tax (Indexation) ... Continue Reading

CGT annual exemption raised
21/03/2007, by Sarah Laing, Tax News - Inheritance Tax, IHT, Trusts & Estates, Capital Taxes

The capital gains tax annual exemption limit will rise to £9,200 from 6 April 2007.The Capital Gains Tax (Annual Exempt Amount) Order 2007 (SI 2007/942) raises ... Continue Reading

VAT registration threshold raised
21/03/2007, by Sarah Laing, Tax News - VAT & Excise Duties

The threshold above which businesses must register for VAT is to rise to £64,000 from 1 April 2007.The Value Added Tax (Increase of Registration Limits) Order ... Continue Reading

ICAEW expresses concerns over PGS
20/03/2007, by Sarah Laing, Tax News - Professionals in Practice & Industry

The Tax Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW) has expressed concerns about the underlying principles of Planning Gain Supplement ... Continue Reading

FPB publishes Budget demands
20/03/2007, by Sarah Laing, Tax News - Professionals in Practice & Industry

The Forum of Private Business (FPB) has published its wish list for the Chancellor ahead of his Budget speech tomorrow (21 March).The FPB, which represents 25,000 ... Continue Reading

Tony Talks - 

ICPA Chairman, Tony Margaritelli discusses Defining Moments that made him go WOW and he takes a look at GDPR which hasn't gone away in his latest in practice blog.