Following Chancellor's Budget on 8 March 2017, Oury Clark have published their Spring Budget Report summarising the announcements made by Chancellor Philip Hammond.
Chancellor Philip Hammond's Spring Budget 2017 focused on preparing Britain for the future with modest economic growth forecasts and measures to support businesses and individuals. Key points include forecast GDP growth of 2% in 2017, a reduction of the dividend allowance to £2,000 from 2018, an increase to the personal income tax allowance to £11,500, and class 4 national insurance contributions rising for the self-employed. The budget also introduced several business measures like delaying digital tax reporting for small businesses and increasing business rates discounts for pubs.
Following Chancellor's Budget on 8 March 2017, Oury Clark have published their Spring Budget Report summarising the announcements made by Chancellor Philip Hammond.
The 2016 UK budget document outlines several key points:
1) Personal tax allowances and income thresholds will increase for 2017/18, including the personal allowance rising to £11,500 and the higher rate threshold increasing to £45,000.
2) A new Lifetime ISA will be introduced in 2017 for under-40s to save for retirement or a first home, with a 25% government bonus on contributions of up to £4,000 per year.
3) The annual ISA subscription limit will rise to £20,000 and ISA tax benefits will continue during estate administration periods.
The document is a summary of the 2016 UK Budget report. Key announcements include reducing the corporation tax rate to 17% by 2020, doubling small business rate relief, abolishing class 2 national insurance contributions for self-employed individuals from 2018, and increasing the personal tax allowance to £11,500 from 2017. Business measures also include changes to business rates thresholds, capital allowance extensions, and reforms to corporation tax loss relief.
The budget document provides an overview of the key announcements from the UK Chancellor's 2016 Budget, including measures related to business taxes, personal taxes, and other economic areas. Some of the high-level points included reductions to corporation tax rates, a new Lifetime ISA for under-40s, increases to the income tax personal allowance, and a sugar tax on soft drinks beginning in 2018. The document also outlines timing and thresholds for various tax changes and incentives.
With ever-changing legislation and the array of reporting requirements imposed on individuals, companies and employers, it can be a challenge to stay on top of the various deadlines and key dates. Our ‘Key dates for tax April 2016 – April 2017’ booklet provides a helpful month-by-month tool to remind you of some of the deadlines or changes to tax legislation in 2016/17.
The document summarizes key announcements from the UK Chancellor George Osborne's Summer Budget 2015 that could impact financial planning decisions. Some of the major announcements include:
1) Increasing the personal tax allowance to £11,000 and pledging to raise it to £12,500 by 2020.
2) Introducing a new "National Living Wage" of over £9/hour by 2020 that starts at £7.20/hour in 2016.
3) Reforming inheritance tax by introducing a new transferable main residence nil-band to allow families to pass homes to descendants tax-free up to £1 million for some couples by 2020/21.
4) Restricting tax relief on
The Ontario budget projects deficits of $5.7 billion for 2015-16, $4.3 billion for 2016-17, and balanced budgets in 2017-18 and 2018-19. It contains no new taxes but includes tax measures affecting individuals, trusts, and corporations, such as reducing research and development and innovation tax credits. The budget also outlines Ontario's plans to join a cap-and-trade program with California and Quebec to reduce greenhouse gas emissions starting in 2017.
Our Budget Summary is now available and provides a detailed breakdown of all of the key measures included in Wednesday’s Budget, as well as highlighting other measures announced in earlier Budgets which come into play from 6 April 2017.
Following Chancellor's Budget on 8 March 2017, Oury Clark have published their Spring Budget Report summarising the announcements made by Chancellor Philip Hammond.
The 2016 UK budget document outlines several key points:
1) Personal tax allowances and income thresholds will increase for 2017/18, including the personal allowance rising to £11,500 and the higher rate threshold increasing to £45,000.
2) A new Lifetime ISA will be introduced in 2017 for under-40s to save for retirement or a first home, with a 25% government bonus on contributions of up to £4,000 per year.
3) The annual ISA subscription limit will rise to £20,000 and ISA tax benefits will continue during estate administration periods.
The document is a summary of the 2016 UK Budget report. Key announcements include reducing the corporation tax rate to 17% by 2020, doubling small business rate relief, abolishing class 2 national insurance contributions for self-employed individuals from 2018, and increasing the personal tax allowance to £11,500 from 2017. Business measures also include changes to business rates thresholds, capital allowance extensions, and reforms to corporation tax loss relief.
The budget document provides an overview of the key announcements from the UK Chancellor's 2016 Budget, including measures related to business taxes, personal taxes, and other economic areas. Some of the high-level points included reductions to corporation tax rates, a new Lifetime ISA for under-40s, increases to the income tax personal allowance, and a sugar tax on soft drinks beginning in 2018. The document also outlines timing and thresholds for various tax changes and incentives.
With ever-changing legislation and the array of reporting requirements imposed on individuals, companies and employers, it can be a challenge to stay on top of the various deadlines and key dates. Our ‘Key dates for tax April 2016 – April 2017’ booklet provides a helpful month-by-month tool to remind you of some of the deadlines or changes to tax legislation in 2016/17.
The document summarizes key announcements from the UK Chancellor George Osborne's Summer Budget 2015 that could impact financial planning decisions. Some of the major announcements include:
1) Increasing the personal tax allowance to £11,000 and pledging to raise it to £12,500 by 2020.
2) Introducing a new "National Living Wage" of over £9/hour by 2020 that starts at £7.20/hour in 2016.
3) Reforming inheritance tax by introducing a new transferable main residence nil-band to allow families to pass homes to descendants tax-free up to £1 million for some couples by 2020/21.
4) Restricting tax relief on
The Ontario budget projects deficits of $5.7 billion for 2015-16, $4.3 billion for 2016-17, and balanced budgets in 2017-18 and 2018-19. It contains no new taxes but includes tax measures affecting individuals, trusts, and corporations, such as reducing research and development and innovation tax credits. The budget also outlines Ontario's plans to join a cap-and-trade program with California and Quebec to reduce greenhouse gas emissions starting in 2017.
Our Budget Summary is now available and provides a detailed breakdown of all of the key measures included in Wednesday’s Budget, as well as highlighting other measures announced in earlier Budgets which come into play from 6 April 2017.
The document provides a summary of tax and superannuation measures announced in the 2016/17 Australian Federal Budget. Key points include:
- A 40% diverted profits tax will be introduced for multinational profits artificially diverted from Australia from July 2017. Transfer pricing and hybrid mismatch rules will also be strengthened.
- Tax concessions for small businesses will be increased through higher turnover thresholds and an expanded unincorporated business tax discount.
- The company tax rate will be cut to 25% over 10 years, and early stage investment incentives will be expanded.
- Personal income tax thresholds will increase and superannuation contribution caps will be reduced or introduced to restrict tax concessions for high balances.
- Tobacco
The document summarizes the key points from Budget 2017 including reductions to the DIRT rate, lower USC rates, an increase to the State Pension, and increases to the Capital Acquisitions Tax thresholds. No changes were announced to income tax rates, PRSI rates, or supports for private pension provision. The DIRT rate will be reduced in stages to 33% by 2020 and lower USC rates will provide tax savings up to €353 for high earners. The State Pension will increase by €5 per week and the CAT Class A threshold will rise to €310,000.
The Chancellor gave a combined Spending Review and Autumn Statement on 25 November 2015. He announced a number of measures that will affect businesses, individuals and the UK as a whole.
We have produced a 12 page Autumn Statement report which includes details of these, including sections on business initiatives, pensions, changes to personal allowances and more.
The document summarizes key points from the UK Chancellor's 2015 budget, including increases to personal tax allowances over the next few years, changes to income tax bands, increases to ISA and pension contribution limits, and new incentives for savings and first-time home buyers. It also outlines reductions to corporation tax rates, increases to the annual investment allowance, and proposals to replace tax returns with online tax accounts pre-populated with employment and pension income data.
What does the Summer 2015 Budget mean for you? Rajani and Co
On Wednesday 8th July 2015, George Osborne delivered the first conservative budget in 19 years. In his Summer Budget speech the chancellor declared it as a “Big Budget for a country with Big Ambitions”.
As business owners and entrepreneurs, today’s announcements will impact on you and your business, key topics include:
• A new National Living Wage.
• Increases to the Personal Allowance and higher earners tax thresholds.
• Reduction in Corporation Tax.
• Changes to dividend tax.
www.rajaniandco.com
This document summarizes several topics from a newsletter:
1) It introduces Investors' Relief, which provides a 10% capital gains tax rate for investments in unlisted trading companies held for at least 3 years, similar to Entrepreneurs' Relief. Investors' Relief may benefit non-working investors and companies seeking capital as an alternative to EIS/SEIS.
2) It outlines the key eligibility criteria for Investors' Relief, including requirements for the shares, holding period, and that the shares must be newly issued.
3) It notes that while Investors' Relief and Entrepreneurs' Relief are similar, Investors' Relief is designed for non-working investors rather than shareholders
The Chancellor delivered his second Autumn Budget, announcing several tax and spending measures. Key points include temporarily doubling the Annual Investment Allowance to £1 million, increasing the income tax personal allowance to £12,500 and higher rate threshold to £50,000 in 2019-20. A new tax will be introduced on the UK revenues of digital services companies from 2020. Additional funding was provided for the NHS, welfare, Scotland, Wales and Northern Ireland.
Our summer newsletter's cover articles look at planning for the reduction in the dividend allowance and highlight that another tax rise will be with us soon. Check out these articles and lots more!
Skp global expansion updates_ December_2017Partha Pant
The newsletter covers global tax developments including:
- Mauritius extending the deadline for asset statements and changes to RRSP contribution limits in Canada.
- Ghana proposing a paperless tax exemption system and Nigeria approving payment of outstanding foreign tax debts in local currency up to 2016.
- Proposed reductions to corporate income tax rates in Argentina and Saskatchewan.
- Changes to tax treatment of employee discounts in Canada and Mexico's updated federal revenue law for 2018.
- Introduction of GST on low value imports to Australia and signing of a double tax treaty between India and Hong Kong.
- Approval of Singapore's Income Tax Amendment Bill and CPF interest rates for 2018.
The document discusses reviewing estate plans in light of the introduction of the Residence Nil-Rate Band (RNRB), which provides an additional inheritance tax exemption for passing on a family home. Key points:
- The RNRB provides an additional £100,000 inheritance tax exemption in 2017/18, rising to £175,000 by 2020/21, for passing on a family home or downsizing.
- Up to £1 million of a married couple's estate could eventually be exempt from inheritance tax if both nil-rate bands and the RNRB are fully utilized.
- Reviewing estate plans is important to ensure the RNRB exemption can be claimed by passing the family home to direct descendants
The basic schemes, reforms, policy announced by our financial minister Mr. Arun Jetley was described in the slides. It will be more useful for everyone. It helps even a common man to learn about our country's budget.
The Union Budget for 2017 was presented earlier than usual, on February 1st, to allow ministries to operationalize activities from April 1st. Key changes included merging the Railway Budget with the General Budget, abolishing the distinction between plan and non-plan expenditure, and focusing on growth in rural areas and digitizing the economy. Tax relief was provided for individual taxpayers and small companies, while rules on political donations and cash transactions were tightened. The budget aimed to curb black money and support the government's vision for the Indian economy.
This document summarizes the key details from Ireland's 2017 Budget Statement, including:
- Income tax credits and rates remaining unchanged from 2016.
- Introduction of a new Fisher tax credit for 2017-2021 and changes to the Home Carer and Rent-a-Room tax credits.
- Amendments to Universal Social Charge (USC) thresholds and rates.
- Extensions to various incentive programs like the Home Renovation Incentive and Special Assignee Relief Programme.
- No changes to corporation tax or PRSI rates.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Investors will be able to withdraw and replace money from cash ISAs in the same tax year without affecting annual limits.
3) The pension lifetime allowance will be cut to £1 million from April 2016 and transitional protection rules will apply.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Increase to the personal allowance for income tax to £10,800 in 2016/17 and £11,000 in 2017/18.
3) Reduction in the lifetime pension allowance to £1 million from April 2016 and above-inflation increases to income tax thresholds in 2016/17 and 2017/18.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Increase to the personal allowance for income tax to £10,800 in 2016/17 and £11,000 in 2017/18.
3) Cut to the pension lifetime allowance to £1 million from April 2016 and above-inflation increases to income tax thresholds in 2016/17 and 2017/18.
Skp global expansion_updates_august_2016Partha Pant
The newsletter covers recent employment, tax, and corporate developments globally. Key highlights include South Africa issuing draft guides on a tax disclosure program, Mauritius announcing tax measures in its budget including tax holidays and credits, and Argentina increasing retirement pensions and family allowances by 14.16%. Other areas covered include developments in the Americas, Asia-Pacific, Europe, and Africa regions.
Horner Downey & Company Ltd Autumn Statement 2016Jenny Ferguson
The Chancellor Philip Hammond presented his first fiscal statement after Brexit, acknowledging economic challenges ahead. The latest forecasts confirm increased borrowing of £68.2bn for 2016 and slower growth of 2.1% in 2016 but reducing to 1.4% in 2017 due to Brexit. Hammond announced replacing the aim of balancing the budget by 2020 with a pledge for a surplus as early as possible in the next parliament. He also announced a new £23bn National Productivity Investment Fund to boost infrastructure, innovation, R&D, and housing. The statement included measures for businesses and individuals, such as reducing the corporation tax rate to 17% by 2020 and increasing the personal tax allowance to £12,500 by 2020.
This document summarizes the key tax changes in Ireland's 2017 budget. Some of the main points include:
- Personal tax rates and bands remain unchanged, but USC bands were adjusted downwards by 0.5% resulting in tax cuts for low and middle income earners.
- Tax credits for home carers and the self-employed were increased. Reliefs for foreign workers were extended.
- Reliefs for landlords, homeowners, farmers and businesses were also extended including help for the agri-food sector.
- Corporate tax rates remain at 12.5% and the knowledge development box relief was expanded for small companies.
Powerpoint presentation - The Rohingya Conflict and Indonesia's Role to Address the Issue (Group Blog Presentation #3 - Adiguna Wijaya and Yudho Sasongko) - SESPARLU Batch 56
SlideShare now has a player specifically designed for infographics. Upload your infographics now and see them take off! Need advice on creating infographics? This presentation includes tips for producing stand-out infographics. Read more about the new SlideShare infographics player here: http://wp.me/p24NNG-2ay
This infographic was designed by Column Five: http://columnfivemedia.com/
No need to wonder how the best on SlideShare do it. The Masters of SlideShare provides storytelling, design, customization and promotion tips from 13 experts of the form. Learn what it takes to master this type of content marketing yourself.
The document provides a summary of tax and superannuation measures announced in the 2016/17 Australian Federal Budget. Key points include:
- A 40% diverted profits tax will be introduced for multinational profits artificially diverted from Australia from July 2017. Transfer pricing and hybrid mismatch rules will also be strengthened.
- Tax concessions for small businesses will be increased through higher turnover thresholds and an expanded unincorporated business tax discount.
- The company tax rate will be cut to 25% over 10 years, and early stage investment incentives will be expanded.
- Personal income tax thresholds will increase and superannuation contribution caps will be reduced or introduced to restrict tax concessions for high balances.
- Tobacco
The document summarizes the key points from Budget 2017 including reductions to the DIRT rate, lower USC rates, an increase to the State Pension, and increases to the Capital Acquisitions Tax thresholds. No changes were announced to income tax rates, PRSI rates, or supports for private pension provision. The DIRT rate will be reduced in stages to 33% by 2020 and lower USC rates will provide tax savings up to €353 for high earners. The State Pension will increase by €5 per week and the CAT Class A threshold will rise to €310,000.
The Chancellor gave a combined Spending Review and Autumn Statement on 25 November 2015. He announced a number of measures that will affect businesses, individuals and the UK as a whole.
We have produced a 12 page Autumn Statement report which includes details of these, including sections on business initiatives, pensions, changes to personal allowances and more.
The document summarizes key points from the UK Chancellor's 2015 budget, including increases to personal tax allowances over the next few years, changes to income tax bands, increases to ISA and pension contribution limits, and new incentives for savings and first-time home buyers. It also outlines reductions to corporation tax rates, increases to the annual investment allowance, and proposals to replace tax returns with online tax accounts pre-populated with employment and pension income data.
What does the Summer 2015 Budget mean for you? Rajani and Co
On Wednesday 8th July 2015, George Osborne delivered the first conservative budget in 19 years. In his Summer Budget speech the chancellor declared it as a “Big Budget for a country with Big Ambitions”.
As business owners and entrepreneurs, today’s announcements will impact on you and your business, key topics include:
• A new National Living Wage.
• Increases to the Personal Allowance and higher earners tax thresholds.
• Reduction in Corporation Tax.
• Changes to dividend tax.
www.rajaniandco.com
This document summarizes several topics from a newsletter:
1) It introduces Investors' Relief, which provides a 10% capital gains tax rate for investments in unlisted trading companies held for at least 3 years, similar to Entrepreneurs' Relief. Investors' Relief may benefit non-working investors and companies seeking capital as an alternative to EIS/SEIS.
2) It outlines the key eligibility criteria for Investors' Relief, including requirements for the shares, holding period, and that the shares must be newly issued.
3) It notes that while Investors' Relief and Entrepreneurs' Relief are similar, Investors' Relief is designed for non-working investors rather than shareholders
The Chancellor delivered his second Autumn Budget, announcing several tax and spending measures. Key points include temporarily doubling the Annual Investment Allowance to £1 million, increasing the income tax personal allowance to £12,500 and higher rate threshold to £50,000 in 2019-20. A new tax will be introduced on the UK revenues of digital services companies from 2020. Additional funding was provided for the NHS, welfare, Scotland, Wales and Northern Ireland.
Our summer newsletter's cover articles look at planning for the reduction in the dividend allowance and highlight that another tax rise will be with us soon. Check out these articles and lots more!
Skp global expansion updates_ December_2017Partha Pant
The newsletter covers global tax developments including:
- Mauritius extending the deadline for asset statements and changes to RRSP contribution limits in Canada.
- Ghana proposing a paperless tax exemption system and Nigeria approving payment of outstanding foreign tax debts in local currency up to 2016.
- Proposed reductions to corporate income tax rates in Argentina and Saskatchewan.
- Changes to tax treatment of employee discounts in Canada and Mexico's updated federal revenue law for 2018.
- Introduction of GST on low value imports to Australia and signing of a double tax treaty between India and Hong Kong.
- Approval of Singapore's Income Tax Amendment Bill and CPF interest rates for 2018.
The document discusses reviewing estate plans in light of the introduction of the Residence Nil-Rate Band (RNRB), which provides an additional inheritance tax exemption for passing on a family home. Key points:
- The RNRB provides an additional £100,000 inheritance tax exemption in 2017/18, rising to £175,000 by 2020/21, for passing on a family home or downsizing.
- Up to £1 million of a married couple's estate could eventually be exempt from inheritance tax if both nil-rate bands and the RNRB are fully utilized.
- Reviewing estate plans is important to ensure the RNRB exemption can be claimed by passing the family home to direct descendants
The basic schemes, reforms, policy announced by our financial minister Mr. Arun Jetley was described in the slides. It will be more useful for everyone. It helps even a common man to learn about our country's budget.
The Union Budget for 2017 was presented earlier than usual, on February 1st, to allow ministries to operationalize activities from April 1st. Key changes included merging the Railway Budget with the General Budget, abolishing the distinction between plan and non-plan expenditure, and focusing on growth in rural areas and digitizing the economy. Tax relief was provided for individual taxpayers and small companies, while rules on political donations and cash transactions were tightened. The budget aimed to curb black money and support the government's vision for the Indian economy.
This document summarizes the key details from Ireland's 2017 Budget Statement, including:
- Income tax credits and rates remaining unchanged from 2016.
- Introduction of a new Fisher tax credit for 2017-2021 and changes to the Home Carer and Rent-a-Room tax credits.
- Amendments to Universal Social Charge (USC) thresholds and rates.
- Extensions to various incentive programs like the Home Renovation Incentive and Special Assignee Relief Programme.
- No changes to corporation tax or PRSI rates.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Investors will be able to withdraw and replace money from cash ISAs in the same tax year without affecting annual limits.
3) The pension lifetime allowance will be cut to £1 million from April 2016 and transitional protection rules will apply.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Increase to the personal allowance for income tax to £10,800 in 2016/17 and £11,000 in 2017/18.
3) Reduction in the lifetime pension allowance to £1 million from April 2016 and above-inflation increases to income tax thresholds in 2016/17 and 2017/18.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Increase to the personal allowance for income tax to £10,800 in 2016/17 and £11,000 in 2017/18.
3) Cut to the pension lifetime allowance to £1 million from April 2016 and above-inflation increases to income tax thresholds in 2016/17 and 2017/18.
Skp global expansion_updates_august_2016Partha Pant
The newsletter covers recent employment, tax, and corporate developments globally. Key highlights include South Africa issuing draft guides on a tax disclosure program, Mauritius announcing tax measures in its budget including tax holidays and credits, and Argentina increasing retirement pensions and family allowances by 14.16%. Other areas covered include developments in the Americas, Asia-Pacific, Europe, and Africa regions.
Horner Downey & Company Ltd Autumn Statement 2016Jenny Ferguson
The Chancellor Philip Hammond presented his first fiscal statement after Brexit, acknowledging economic challenges ahead. The latest forecasts confirm increased borrowing of £68.2bn for 2016 and slower growth of 2.1% in 2016 but reducing to 1.4% in 2017 due to Brexit. Hammond announced replacing the aim of balancing the budget by 2020 with a pledge for a surplus as early as possible in the next parliament. He also announced a new £23bn National Productivity Investment Fund to boost infrastructure, innovation, R&D, and housing. The statement included measures for businesses and individuals, such as reducing the corporation tax rate to 17% by 2020 and increasing the personal tax allowance to £12,500 by 2020.
This document summarizes the key tax changes in Ireland's 2017 budget. Some of the main points include:
- Personal tax rates and bands remain unchanged, but USC bands were adjusted downwards by 0.5% resulting in tax cuts for low and middle income earners.
- Tax credits for home carers and the self-employed were increased. Reliefs for foreign workers were extended.
- Reliefs for landlords, homeowners, farmers and businesses were also extended including help for the agri-food sector.
- Corporate tax rates remain at 12.5% and the knowledge development box relief was expanded for small companies.
Powerpoint presentation - The Rohingya Conflict and Indonesia's Role to Address the Issue (Group Blog Presentation #3 - Adiguna Wijaya and Yudho Sasongko) - SESPARLU Batch 56
SlideShare now has a player specifically designed for infographics. Upload your infographics now and see them take off! Need advice on creating infographics? This presentation includes tips for producing stand-out infographics. Read more about the new SlideShare infographics player here: http://wp.me/p24NNG-2ay
This infographic was designed by Column Five: http://columnfivemedia.com/
No need to wonder how the best on SlideShare do it. The Masters of SlideShare provides storytelling, design, customization and promotion tips from 13 experts of the form. Learn what it takes to master this type of content marketing yourself.
This document provides tips to avoid common mistakes in PowerPoint presentation design. It identifies the top 5 mistakes as including putting too much information on slides, not using enough visuals, using poor quality or unreadable visuals, having messy slides with poor spacing and alignment, and not properly preparing and practicing the presentation. The document encourages presenters to use fewer words per slide, high quality images and charts, consistent formatting, and to spend significant time crafting an engaging narrative and rehearsing their presentation. It emphasizes that an attractive design is not as important as being an effective storyteller.
10 Ways to Win at SlideShare SEO & Presentation OptimizationOneupweb
Thank you, SlideShare, for teaching us that PowerPoint presentations don't have to be a total bore. But in order to tap SlideShare's 60 million global users, you must optimize. Here are 10 quick tips to make your next presentation highly engaging, shareable and well worth the effort.
For more content marketing tips: http://www.oneupweb.com/blog/
This document provides tips for getting more engagement from content published on SlideShare. It recommends beginning with a clear content marketing strategy that identifies target audiences. Content should be optimized for SlideShare by using compelling visuals, headlines, and calls to action. Analytics and search engine optimization techniques can help increase views and shares. SlideShare features like lead generation and access settings help maximize results.
A Guide to SlideShare Analytics - Excerpts from Hubspot's Step by Step Guide ...SlideShare
This document provides a summary of the analytics available through SlideShare for monitoring the performance of presentations. It outlines the key metrics that can be viewed such as total views, actions, and traffic sources over different time periods. The analytics help users identify topics and presentation styles that resonate best with audiences based on view and engagement numbers. They also allow users to calculate important metrics like view-to-contact conversion rates. Regular review of the analytics insights helps users improve future presentations and marketing strategies.
Each month, join us as we highlight and discuss hot topics ranging from the future of higher education to wearable technology, best productivity hacks and secrets to hiring top talent. Upload your SlideShares, and share your expertise with the world!
Not sure what to share on SlideShare?
SlideShares that inform, inspire and educate attract the most views. Beyond that, ideas for what you can upload are limitless. We’ve selected a few popular examples to get your creative juices flowing.
How to Make Awesome SlideShares: Tips & TricksSlideShare
Turbocharge your online presence with SlideShare. We provide the best tips and tricks for succeeding on SlideShare. Get ideas for what to upload, tips for designing your deck and more.
SlideShare is a global platform for sharing presentations, infographics, videos and documents. It has over 18 million pieces of professional content uploaded by experts like Eric Schmidt and Guy Kawasaki. The document provides tips for setting up an account on SlideShare, uploading content, optimizing it for searchability, and sharing it on social media to build an audience and reputation as a subject matter expert.
Similar to Following Chancellor's Budget on 8 March 2017, Oury Clark have published their Spring Budget Report summarising the announcements made by Chancellor Philip Hammond.
Horner Downey and Company Spring 2017 NewsletterJenny Ferguson
The document discusses upcoming changes to the UK's VAT flat rate scheme. Beginning in April 2017, a new 16.5% flat rate will apply to businesses classified as "limited cost traders," defined as those that spend less than 2% of their VAT-inclusive turnover on goods in an accounting period. Certain benefits, like pension contributions and ultra-low emission vehicles, will be exempt from changes removing tax advantages from salary sacrifice schemes. Employers and employees may need to rethink current salary sacrifice arrangements due to the rule changes.
The document summarizes key tax changes announced in the UK's Second Budget of 2015, including:
1) Increasing the personal tax allowance to £11,000 for 2016/17 and £11,200 for 2017/18.
2) Introducing a new £5,000 dividend tax allowance from 2016 and reducing dividend tax rates.
3) Restricting the amount of tax relief landlords can claim on property finance costs to the basic income tax rate starting from 2017.
The document provides a summary of tax and superannuation measures announced in the 2016/17 Australian Federal Budget. Key points include:
- A 40% diverted profits tax will be introduced for multinational profits artificially diverted from Australia from July 2017. Transfer pricing and hybrid mismatch rules will also be strengthened.
- Tax concessions for small businesses will be increased through higher turnover thresholds and an expanded unincorporated business tax discount.
- The company tax rate will be cut to 25% over 10 years, and early stage investment incentives will be expanded.
- Personal income tax thresholds will increase and superannuation contribution caps will be reduced or introduced to restrict tax concessions for high balances.
- Tobacco
The document provides a summary of key measures from the UK Budget 2015, including changes to income tax rates and allowances, corporation tax, employment allowance, annual investment allowance, research and development tax credits, trivial benefits-in-kind, self-employed national insurance contributions, farmers averaging, construction industry scheme, VAT rates, capital gains tax for non-UK residents, seed enterprise investment scheme, pensions, business rates, and the annual tax on enveloped dwellings. The summary is intended as a basic guide and specific advice should be obtained for individual circumstances.
The new tax rules will restrict tax relief on finance costs for residential landlords to the basic rate of income tax from April 2017. Currently, landlords can deduct all finance costs such as mortgage interest from their rental income. Under the new rules, relief will be restricted gradually over four years until 2020/21 when all financing costs can only be claimed as a basic rate tax reduction. This is likely to increase the tax liability for many residential landlords. The changes may also impact other areas such as eligibility for child benefit due to an increase in adjusted net income. Professional advice should be sought to understand the implications and consider options to reduce income where applicable.
Horner Downey & Company Ltd Newsletter- Tax-Saving StrategiesJenny Ferguson
Utilize tax-efficient savings and investment strategies before the 5 April tax year end, such as fully using your annual ISA allowance of £15,240. Consider capital gains and R&D tax reliefs for business investments. Make sure to take advantage of personal tax allowances and exemptions like transferring income to a spouse. Review company car arrangements and estate planning to minimize inheritance tax liabilities using exemptions.
News brief - Spring Budget 2017 highlightsGary Chambers
The document summarizes key points from the UK's 2017 Spring Budget. It notes that the economy has grown robustly since Brexit and the Chancellor emphasized economic stability and preparing for Britain's EU exit. Key measures included raising insurance premium tax, increasing national insurance contributions for self-employed workers, and £435 million in business rates support. Corporation tax will fall to 17% by 2020 and new consumer protection rules were introduced.
The document summarizes key points from the UK's 2017 Spring Budget. It notes that the economy has grown robustly since Brexit and the Chancellor emphasized economic stability and preparing for Britain's EU exit. Key measures included raising insurance premium tax, increasing national insurance contributions for self-employed workers, and £435 million in business rates support. Corporation tax will fall to 17% by 2020 and new consumer protection rules were introduced.
Horner Downey & Co Year End 2017-18 NewsletterJenny Ferguson
This document provides information and advice about ways to reduce taxes before the end of the 2017/18 tax year on April 5th, including maximizing personal tax allowances, reviewing company car arrangements, taking business profits tax-efficiently, considering retirement planning options, and utilizing savings vehicles like ISAs. It also notes upcoming tax changes in 2018/19 such as reductions to the dividend allowance and increases to tax rates on company cars.
UK Chancellor George Osborne delivered the combined comprehensive spending review and Autumn Statement.
The major story being the climbdown on tax credits but what other tax-related announcements did he make that could affect your wealth planning....
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Increase in the personal tax allowance to £10,800 in 2016/17 and £11,000 in 2017/18.
3) Cut in the pension lifetime allowance to £1 million from April 2016 and above-inflation increases to income tax thresholds in 2016/17 and 2017/18.
United Kingdom – Budget 2014 AnnouncedNair and Co.
The Chancellor of the Exchequer recently presented the Budget for 2014-15. Significant measures include those for investment, savers, retirement and small & medium enterprises (SMEs).
The document discusses upcoming changes to the tax treatment of termination payments in the UK. Specifically:
1) From April 2018, payments in lieu of notice (PILONs) will be treated as earnings rather than termination payments, making them subject to income tax and national insurance contributions.
2) The £30,000 income tax exemption for termination payments will remain, as will the unlimited NICs exemption for certain termination-related payments like redundancy. However, PILONs and payments over £30,000 will be subject to employer NICs.
3) Changes to make employers liable for Class 1A NICs on termination payments over £30,000 were delayed by one year and will now take
This document summarizes key points from the UK's Summer 2015 Budget that may affect UK non-residents, including proposals to increase personal tax allowances and inheritance tax exemptions, restrict mortgage interest relief for landlords, replace wear and tear allowances, and abolish non-domiciled status for long-term UK residents. Some proposals will be introduced in April 2016 or 2017, while others such as changes to domicile rules are subject to consultation.
The document summarizes key announcements from the UK's Autumn Statement 2016. It highlights that growth forecasts were revised down slightly but employment is still expected to rise. Public borrowing is forecast to be higher than previously estimated but will return to balance as soon as possible. Among the announcements are increasing infrastructure spending, raising the personal tax allowance, fuel duty freeze, increased funding for housing, broadband and research, and changes to salary sacrifice schemes and insurance premium tax.
George Osborne presented his second Budget of 2015 against an unexpected political backdrop of a Conservative majority government. The economic outlook was little changed from March, with growth forecast at 2.4% for the year and government borrowing projected to be nearly £70bn for 2015/16. Key measures in the Budget included cuts to working age welfare benefits partly offset by a new National Living Wage, increases to the personal allowance, an overhaul of dividend taxation, and restrictions on pension contributions and tax relief for buy-to-let landlords.
Similar to Following Chancellor's Budget on 8 March 2017, Oury Clark have published their Spring Budget Report summarising the announcements made by Chancellor Philip Hammond. (17)
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...mayaclinic18
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Applying the Global Internal Audit Standards_AIS.pdf
Following Chancellor's Budget on 8 March 2017, Oury Clark have published their Spring Budget Report summarising the announcements made by Chancellor Philip Hammond.
2. Chancellor Philip Hammond described his irst and last Spring Budget as one that “takes forward our plan to
prepare Britain for a brighter future”.
The economic forecasts outlined by the Ofice for Budget Responsibility (OBR) were broadly in line with those
from the Autumn Statement in November 2016.
Inlation is forecast at 2.4% in 2017, 2.3% next year and 2% in 2019.
Growth is predicted to be 2% in 2017 (up from 1.4% forecast at Autumn Statement 2016) and 1.6% in 2018.
Borrowing in 2016/17 is forecast to be £51.7 billion (£16.4 billion lower than in the autumn) and public sector
net borrowing is predicted to fall from 3.8% of GDP in 2016 to 2.6% this year.
Spring Budget 2017 was light on new measures with very few new announcements that will come into effect
for the 2017/18 tax year.
The Chancellor conirmed that from April 2017:
• the national living wage will be £7.50 an hour
• personal allowance will increase to £11,500 and the higher rate threshold to £45,000 (£43,000 in Scotland)
• a new NS&I bond paying 2.2% on deposits up to £3,000.
The following report summarises the announcements made by Chancellor Philip Hammond during Spring
Budget 2017 on 8 March 2017.
IMPORTANT INFORMATION:
The way in which tax charges (or tax
relief, as appropriate) are applied depends
upon individual circumstances and may
be subject to change in the future. The
information in this report is based upon
our understanding of the Spring Budget
2017, in respect of which speciic
implementation details may change
when the inal legislation and supporting
documentation are published.
This document is solely for information
purposes and nothing in this document
is intended to constitute advice or a
recommendation. You should not make
any investment decisions based upon
its content.
Whilst considerable care has been
taken to ensure that the information
contained within this document is
accurate and up-to-date, no warranty
is given as to the accuracy or
completeness of any information.
INTRODUCTION
1 | Spring Budget 2017
3. AT A GLANCEMeasures announced at Spring Budget 2017 include:
TAX AVOIDANCE
Measures against converting capital
losses to trading losses
2 | At a Glance
MAKING TAX DIGITAL
Quarterly reporting delayed by one year for
businesses with turnover below VAT threshold
T-LEVELS
New qualiication for
technical education
R&D TAX CREDITS
Measures to lower administrative
burden to be introduced
BUSINESS RATES
Cap in bills for irms coming off
small business rate relief in England
SELF-EMPLOYED NICs
Class 4 NICs to rise to
10% in April 2018 and 11% in April 2019
DIVIDEND ALLOWANCE
Tax-free dividend allowance to reduce
to £2,000 from April 2018
BUSINESS RATES: PUBS
£1,000 business rate
discount in England
SOFT DRINKS LEVY
18p rate for main band and
24p for higher band
4. CORPORATION TAX
It was conirmed that the rate of corporation tax will reduce to 19% from April 2017. As
previously announced, the corporation tax rate will reduce by a further 2% to 17% by 2020.
Financial year to 31 March
2017
31 March
2018
Taxable proits 20% 19%
Loans to participators rate 32.5% 32.5%
MAKING TAX DIGITAL
Unincorporated businesses and landlords that have an annual turnover below the VAT threshold
will now have until April 2019 to prepare before making tax digital (MTD) becomes mandatory.
MTD will require businesses to use digital software to keep tax records and update HMRC on a
quarterly basis.
Businesses, self-employed people and landlords will be required to start using the new digital
service from:
• April 2018 if they have proits chargeable to income tax and pay class 4 national insurance
contributions (NICs) and their turnovers are in excess of the VAT threshold
• April 2019 if they have proits chargeable to income tax and pay class 4 NICs and their
turnovers are below the VAT threshold (as above)
• April 2019 if they are registered for and pay VAT
• from April 2020 if they pay corporation tax.
Businesses, self-employed people and landlords with turnovers of less than £10,000 per annum
are exempt from these requirements.
CASH BASIS ENTRY THRESHOLD
From 6 April 2017, the cash basis
entry threshold is to increase from £83,000
to £150,000.
Cash basis accounting is an optional
and simpliied method for calculating
and reporting taxable proits for qualifying
trading businesses.
OFF-PAYROLL WORKING IN THE
PUBLIC SECTOR
The rules surrounding individuals working for
public sector organisations through their own
limited company will change from April 2017.
The ‘off-payroll’ rules will mean that where
a public sector organisation engages an
off-payroll worker, that organisation will be
responsible for deducting and paying the
associated tax and NICs to HMRC.
The 5% allowance that was available to
relect the costs of administering the rules
will also be removed for those who work in
the public sector.
QUARTERLY REPORTING
DELAYED FOR
BUSINESSES WITH
TURNOVER BELOW VAT
THRESHOLD
3 | Business
BUSINESS
5. APPROPRIATIONS INTO STOCK
A new measure for corporation tax and income
tax will prevent an election being made for
appropriations of a capital asset into trading
stock made on or after 8 March 2017.
The purpose is to prevent businesses
converting losses attributable to a period for
which the asset was a capital asset into more
lexible trading losses. The legislation will
only permit this election to be made where
the appropriation at market value into trading
stock would give rise to a chargeable gain and
not where it gives rise to an allowable loss.
HYBRID AND OTHER
MISMATCHES
Two retrospective minor changes to the hybrid
and mismatch regime came into effect on
1 January 2017. The irst change removes the
need to make a formal claim in relation to the
permitted time period rules, which deal with
mismatches involving inancial instruments.
The second change provides that deductions
for amortisation are not treated as relevant
deductions in relation to the legislative
requirements.
RESEARCH AND DEVELOPMENT
The government will make administrative
changes to the research and development
(R&D) expenditure credit to increase certainty
and simplicity around claims and will take
action to improve awareness of R&D tax
credits among SMEs.
BUSINESS RATES
The adverse effect of the changes to the rates revaluation in England in April 2017 on some
businesses may be reduced in certain circumstances. The measures include:
• support for small businesses losing small business rate relief to limit increases in their bills to
the greater of £600 or the real term transitional relief cap for small businesses each year
• providing English local authorities with funding to support discretionary relief, to allow them to
provide support to individual hardship cases in their local areas
• a £1,000 business rate discount for pubs with a rateable value of up to £100,000, subject to
state aid limits for businesses with multiple properties, for one year from 1 April 2017.
DISPOSALS OF LAND IN THE UK
Legislation will be introduced in Finance Bill 2017 to ensure that all proits arising from the
dealing or development of land recognised in the accounts on or after 8 March 2017 will be
taxed, regardless of the contract date. Previously the rule only applied to contracts entered into
on or after 5 July 2016.
SUGAR DRINKS INDUSTRY LEVY
The levy rate for added sugar drinks will be set at 18p per litre for drinks with a total sugar
content of 5-7g, per 100ml, and 24p per litre for those with a total sugar content of 8g or more,
per 100ml.
SUGAR LEVY
MAINBAND
HIGHERBAND
4
Contact us about your
business today.
24p
18p
6. CLASS 4 NICs
TO RISE TO 10%
5 | Personal
PERSONAL
Consult our team about
your personal inances.
PERSONAL ALLOWANCE
From 6 April 2017 the tax-free personal allowance will increase to
£11,500. The higher rate threshold will rise to £45,000 except in
Scotland where it remains at £43,000.
NATIONAL INSURANCE CONTRIBUTIONS
With class 2 national insurance contributions (NICs) due to be abolished
in April 2018, class 4 NICs are to rise from 9% to 10% in April 2018
and then from 10% to 11% in April 2019.
The intention of this change is to move toward equalising the payments
made by the self-employed when compared with those who are
employed.
However, it is expected that only a self-employed person with proits
over £16,250 will have to pay more as a result of these changes.
The government will look further to see if it considers there is a
greater case for consistency in parental beneits between the employed
and self-employed.
DIVIDEND ALLOWANCE
The £5,000 tax-free dividend allowance, introduced in April 2016, is to
be reduced to £2,000 from 6 April 2018.
CAPITAL GAINS TAX
The annual capital gains tax exemption increases by £200 to £11,300.
INHERITANCE TAX
There were no new announcements regarding inheritance tax. The new
residence nil-rate band limit is available from 6 April 2017 at a rate of
£100,000.
7. 6 | Duties
DUTIES
VEHICLE EXCISE DUTY
From 1 April 2017 vehicle excise duty (VED) rates for cars, vans and motorcycles
registered before that date increase in line with the retail price index (RPI). VED is
paid on vehicle ownership, and rates are dependent on the type of vehicle and the
irst date of registration.
HGV VEHICLE EXCISE DUTY AND ROAD USER LEVY
There will be no change in HGV VED and road user levy rates.
AIR PASSENGER DUTY
Air passenger duty rates increase in line with the RPI from 1 April 2018 as follows:
Bands (distance in miles
from London)
Reduced rate (lowest
class of travel)
Standard
rate
Higher rate
Band A (0 – 2,000 miles) £13 £26 £78
Band B (over 2,000 miles) £78 £156 £468
An announcement with regard to the applicable rates from 1 April 2019 will be made
at Autumn Budget 2017.
ALCOHOL DUTIES
From 13 March 2017 the duty rates on alcohol will increase in line with the RPI. The
increase in cost is reported to be:
• pint of beer - 2p
• pint of cider - 1p
• bottle of Scotch whisky - 36p
• bottle of wine - 10p.
TOBACCO DUTY RATES
All tobacco product duty rates increase with effect from 8 March 2017 by 2% above
RPI inlation.
GAMING DUTY
Gaming duty bands increase in line with inlation for gaming duty periods starting on
or after 1 April 2017.
CIGARETTE DUTY
From 20 May 2017 there will be a minimum excise tax for
cigarettes. This is intended to target the cheapest tobacco.
The rate is £268.63 per 1,000 cigarettes.
AGGREGATES LEVY
The aggregates levy for 2017/18 will remain at £2 per
tonne.
STAMP DUTY LAND TAX
Following consultation, the government is to delay the
reduction in the stamp duty land tax iling and payment
window until 2018/19.
8. 7 | Savings & Pensions
SAVINGS & PENSIONS
MONEY PURCHASE ANNUAL ALLOWANCE
The money purchase annual allowance (MPAA) will reduce from
£10,000 to £4,000 from 6 April 2017.
There will be no changes to how the MPAA will operate or how it is
calculated and the transitional provision for the 2015/16 tax year
remains unchanged.
Any unused MPAA cannot be carried forward for later years.
QUALIFYING OVERSEAS PENSION SCHEMES
Transfers to qualifying recognised overseas pension schemes (QROPS)
requested on or after 9 March 2017 are to be taxable. This won’t apply
if at the point of transfer both the individual and the pension savings are
in the same country and both are within the European Economic Area,
or the QROPS is provided by the individual’s employer.
If this is not the case, a 25% tax charge on the transfer will apply before
the transfer is made.
LIFETIME ISA
The Lifetime ISA will be available to individuals aged between 18 and 40
from 6 April 2017. The Lifetime ISA allows for savings of up to £4,000
per annum up to the age of 50. There is an entitlement of a 25% bonus
of up to £1,000 from the government each year.
Withdrawals can be made without penalty if the funds are used to
purchase a irst home (as long as a number of conditions are met) or for
any reason after the age of 60. Withdrawals before age 60 for another
reason will incur a charge that will effectively repay the government’s
bonus, plus an additional charge.
NS&I INVESTMENT BOND
A new NS&I Investment Bond will become available for 12 months from
April 2017.
This bond will be available for all those aged 16 or over and is subject
to a minimum investment of £100 and a maximum of £3,000. The bond
will attract a 2.2% interest rate over a term of 3 years.
Tax-free saving
accounts 2016/17 2017/18
£ a year
ISA subscription limit £15,240 £20,000
Junior ISA
subscription limit
£4,080 £4,128
Child Trust Fund
subscription limit
£4,080 £4,128
Lifetime ISA N/A £4,000
9. 8 | VAT
VAT
REGISTRATION AND
DEREGISTRATION THRESHOLDS
The taxable turnover threshold, which requires
a person to register for VAT, increases from
£83,000 to £85,000 per annum.
The threshold below which a VAT-registered
person may apply to deregister increases
from £81,000 to £83,000 per annum, and
the relevant registration and deregistration
threshold for Intra-Community acquisitions will
also be increased from £83,000 to £85,000
per annum.
All these changes will take effect from
1 April 2017 and will prevent around 4,000
businesses from having to register in the
inancial year 2017/18.
RATES
The positive rates of VAT are unchanged, so
the standard rate remains at 20% and the
reduced rate at 5%.
SPLIT PAYMENTS MODEL
The government has continued to consider
introducing alternative methods of collecting
VAT where existing methods have been
abused. This is in addition to the measures it
has already introduced to address the problem
of overseas businesses selling goods to UK
consumers via online marketplaces without
paying VAT.
On 20 March 2017, the government will
publish a call for evidence regarding the case
for a new, safer method of collecting VAT
relating to online sales. The method will make
use of technology to take the VAT out of such
transactions at the point of purchase. This type
of arrangement is known as split payments.
CONSUMER MOBILE PHONE
SERVICES
The current use and enjoyment provision for
mobile phone services used by consumers will
be removed.
The new measure will ensure that services
used outside the EU are brought within the
scope of VAT. Furthermore, mobile phone
companies will no longer be able to use the
inconsistency to avoid UK VAT. This will bring
UK VAT rules in line with the internationally
agreed approach.
FRAUD IN THE CONSTRUCTION
SECTOR
The government has announced that on
20 March 2017, it will publish a consultation
document on a range of policy options to
address fraudulent activity relating to the
supply of labour in the construction industry.
Possibilities could include introducing a
reverse charge (operating in the same way
as services bought in from abroad) requiring
the recipient of the services to account for the
VAT. The qualifying criteria for gross payment
status within the Construction Industry
Scheme will also be reconsidered.
The objective of any changes would be to
strike a balance between effective targeting,
simplicity and minimal impact on businesses,
at the same time as eradicating the likelihood
of fraud as much as possible.
PENALTIES IN FRAUD CASES
At Autumn Statement 2016, it was announced
that a new penalty for cases of fraud would be
introduced in Finance Bill 2017. That has now
been conirmed.
A consultation process followed the issue of
draft legislation and as a result, some minor
changes have been made for the purposes
of clarity and also to limit the naming of a
company oficer to cases where the amount of
tax due exceeds £25,000.
The new penalty will take effect once the
Finance Bill receives Royal Assent.
FLAT RATE SCHEME
With effect from 1 April 2017, businesses
eligible to use the lat rate scheme but which
are classiied as ‘limited cost’ businesses,
will have to account for VAT at 16.5% of their
relevant gross turnover.
A ‘limited cost’ business is one which spends
the following on relevant goods:
• less than 2% of its VAT lat rate turnover, or
• greater than 2% of its VAT lat rate turnover
but less than £1,000 per year.
Relevant goods are those which are used
exclusively for business purposes, but exclude
the following:
• vehicle costs including fuel, unless the
business is operating in the transport
sector using its own, or a leased vehicle
• food or drink for the business or its staff
• capital expenditure goods of any value
• goods for resale, leasing, letting or hiring
out if the main business activity is not
ordinarily the selling, leasing, letting or
hiring out of such goods
• goods for re-selling or hiring out,
unless selling or hiring is the main
business activity.
The measure is designed to ensure fairness of
treatment for businesses which are considered
to be receiving an unfair advantage from the
classiication and rate they currently use.
Notice 733 provides guidance on the
transitional rules for those operating the
basic turnover method or the cash based
turnover method at paragraphs 8.2 and 9.7
respectively in that it explains the treatment for
invoices issued or cash received after
23 November 2016 and before 1 April 2017.
Those whose returns straddle 1 April will have
to split their accounting between the old and
new rates.
If, in any period, the cost of relevant goods
is more than the ‘limited cost’ threshold, the
business may use the normal lat rate scheme
percentage for that period.
10. Talk to us about
Spring Budget 2017.
OTHER
ANNOUNCEMENTS
9 | Other Announcements
TAX AVOIDANCE SCHEMES
A change in the legislation which came into effect on 8 March 2017
is intended to ensure that promoters of tax avoidance schemes
cannot circumvent the promoters of tax avoidance schemes regime
by re-organising their business so that they either share control of a
promoting business or put a person or persons between themselves
and the promoting business.
This is achieved by introducing the term ‘signiicant inluence’ into the
control deinition of the Finance Act 2014.
T-LEVELS
Plans were announced to provide an increase in the number of training
hours for 16-19 year olds on technical routes by more than 50% to
over 900 hours a year on average, including the completion of a high
quality industry work placement during the programme.
INSURANCE PREMIUM TAX
The standard rate of insurance premium tax is to increase from 10% to
12% from 1 June 2017.
TAX CREDIT DEBT
The Department for Work and Pensions (DWP) will seek to recover
HMRC tax credit debt using its existing powers including the use of
direct earnings attachment.
BENEFIT FRAUD AND ERROR
The DWP is to work with an external data provider with a view to better
identify fraud and error caused by undeclared partners.