Active Practice Update – Basis Period Rules in Line for Reform
Unincorporated businesses could be about to see significant changes to the ways in which they are taxed, following the launch of a Government consultation.
Unincorporated businesses could be about to see significant changes to the ways in which they are taxed, following the launch of a Government consultation.
How the third sector is assessed for tax
This month’s edition looks at: Stamp duty land tax, the increase to employer’s costs as furlough winds down; the Treasury seeks feedback on business rates reevaluations and pensions tax traps catch out thousands more savers
Not much can stop determined entrepreneurs from building a new business from the ground up, even during such challenging times as a COVID-19 or its ensuing fallout.
Soaring house prices coupled with certain thresholds being frozen in the most recent Budget have the potential to drag more estates into the inheritance tax net over the coming years.