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Fraudulent use of details on manchesterbased.co.uk

It has come to our attention that fraudsters have created a business listing on manchesterbased.co.uk and have used some of our details in order to try to make their listing look more genuine.

Please be aware that this listing is NOTHING to do with us. The telephone number that they are using, 0161 814 1325, is also NOTHING to do with us.

We have reported the listing to manchesterbased.co.uk and hope to have it removed as soon as possible, and for the website to better vet their listings in future.

Adviser must remove HMRC’s logo from its promotional material

Wealth adviser Knight Wolffe has been admonished by the Advertising Standards Authority (ASA) for misleading information and using HMRC’s logo in connection with an income trust scheme.
The advertising regulator ruled in favour of the Revenue after it complained about content on the financial firm’s website. The ASA stated that website ‘misleads by omission’ by failing to mention the government tools and policies on …

Read more here:: Taxation

R&D tax relief claims increase

HMRC has revealed a 19% year-on-year rise in the number of claims for research and development (R&D) tax credits submitted by companies in 2015-16.
The latest data shows that companies submitted 26,255 claims for R&D tax credits in the period, up from 22,445 in 2014-15. Total claims rose to £2.9bn, …

Read more here:: Taxation

In brief

Budget
The government will publish the autumn Budget on Wednesday 22 November.

VAT ESCs
HMRC has reissued VAT Notice 48: extra-statutory concessions. It explains all the indirect tax concessions in force at the time of publication …

Read more here:: Taxation

Finance Acts 2017

Heading/subject (original 20 March Bill)

Original 20 March 2017 Bill

FA 2017

2nd Finance Bill

Clause/Sch no

Section/Sch no

Clause/Sch no

PART 1 DIRECT TAXES

CHAPTER 1 CHARGE AND PRINCIPAL RATES

Income tax charge and rates

Income tax charge for tax year 2017-18

1

1

Main rates of income tax for tax year 2017-18

2

2

Default and savings rates of income tax for tax year 2017-18

3

3

Starting rate limit for savings for tax year 2017-18

4

4

Dividend nil rate for tax year 2018-19 etc

5

8

Corporation tax charge

Corporation tax charge for financial year 2018

6

5

CHAPTER 2 INCOME TAX

Employment income

Workers’ services provided to public sector through intermediaries

7, Sch 1

6, Sch 1

Optional remuneration arrangements

8, Sch 2

7, Sch 2

Taxable benefits: time limit for making good

9

1

Taxable benefits: ultra-low emission vehicles

10

2

Taxable benefits: asset made available without transfer

11

8

Pensions advice

12

3

Legal expenses etc

13

4

Termination payments etc: amounts chargeable on employment income

14

5

PAYE settlement agreements

15

6

Pensions

Money purchase annual allowance

16

7

Overseas pensions

17, Sch 3

9, Sch 3

Pensions: offshore transfers

18, Sch 4

10, Sch 4

Trading and property businesses income

Calculation of profits of trades and property businesses

19, Sch 5

16, Sch 2

Trading and property allowances

20, Sch 6

17, Sch 3

Investment income

Deduction of income tax at source

21, Sch 7

11, Sch 5

Life insurance policies: recalculating …

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Businesses urged to invoke safeguards ahead of new criminal offence

The Facilitation of Tax Evasion Offences (Guidance About Prevention) Regulations SI 2017/876 have been published.
The new rules will implement HMRC guidance Tackling Tax Evasion: government guidance for the corporate offence of failure to prevent the criminal facilitation of tax evasion dated 1 September 2017.
The guidance is intended to assist relevant organisations to devise reasonable prevention procedures to mitigate the risk of associated persons criminally facilitating …

Read more here:: Taxation