Did you know, from 1 April 2017, if your client’s company or group has more than £2 million of net interest and similar financing costs per year, the Corporate interest restriction rules may restrict interest deductions for UK Corporation Tax purposes.
Today the Chancellor of the Exchequer, the Rt Hon Philip Hammond MP, delivered his first Spring Statement to Parliament.
We published an Extension of offshore time limits consultation on 19 February 2018, which is open for comment until 11:45pm on 14 May 2018. We hope you will take the opportunity to read the consultation document and provide feedback.
Agent Update 64 is now available and contains a variety of articles, updates, help and support for the entire agent community
This weeks Tax agent blog is about upcoming changes to how agents manage their client lists online.
Corporate interest restriction - From 1 April 2017, if your company or group has more than £2 million of net interest and similar financing costs, the Corporate interest restriction rules may restrict interest deductions for UK Corporation Tax purposes.
With the deadline to submit a tax return, less than a week away we have five self assessment questions from small business owners that may also be useful to tax agents.
We have a busy week with five subjects.
Business expenses for the self-employed on Monday 15 January 2018, 12.30pm to 1.30pm.
Capital gains tax treatment of compensation on Tuesday 16 January 2018, 1pm to 2pm.
Basis periods on Wednesday 17 January 2018, 11am to midday.
Trade losses on Wednesday 17 January 2018, 1pm to 2pm.
Income from property on Friday 19 January 2018 at either 11am to 12.15pm or 2pm to 3.15pm
This week we have business expenses for the self-employed on both Monday 8 January 2018 at 12:30pm – 13:30pm and Tuesday 9 January 2018 at 12:30pm – 13:30pm. We also have Capital Allowances and Vehicles on Friday 12 January 2018 at 11am to midday and 1pm to 2pm.
We have published a Self Assessment edition of Agent Update containing a range of information and support to help you and your clients meet the 31 January filing date.