Orchestra tax relief
A consultation on the introduction of an orchestra tax relief that would encourage orchestras to perform across the whole of the UK was launched in January of this year. The consultation has now closed and HM Treasury has published a detailed Read more..
Changes to Gift Aid Small Donations Scheme
In the Budget, the Chancellor announced that the maximum annual donation that can be claimed through the Gift Aid Small Donations Scheme (GASDS) will increase from £5,000 to £8,000 from April 2016. This will allow charities and CASCs to claim Gift Read more..
Rebated fuel marker
There are special rules that allow farmers to use red diesel to help grit and clear snow during extreme cold snaps. The legislation allows users of agricultural tractors, light agricultural vehicles and agricultural material handlers to use red Read more..
Annual Tax on Enveloped Dwellings (ATED)
From 1 April 2015, the Annual Tax on Enveloped Dwellings (ATED) has increased by 50% above inflation for residential properties worth more than £2million. The new rates apply for the chargeable period 1 April 2015 to 31 March 2016.
The ATED is Read more..
Working Tax Credit changes
From 6 April 2015, all self-employed Working Tax Credit (WTC) claimants will need to meet new criteria. They must be able to meet a new qualifying remunerative work test for WTC that demonstrates that that they are trading on a commercial basis and Read more..