KRW Tax news

Changes to VAT on vouchers from 1 January 2019

KRW Tax newsJanuary 31, 2019|In KRW Tax news|By Keith WitchellChanges to VAT on vouchers were introduced on 1 January 2019 for vouchers sold on or after that date. Prior to this change, the sale of a…


Employment allowance not available to larger businesses from April 2020

KRW Tax newsDecember 3, 2018|In KRW Tax news|By Keith WitchellThe Employment Allowance covers the first £3,000 pa of Employers National Insurance, and is currently available to all but the very…


New 2% structures and buildings allowance

KRW Tax newsNovember 3, 2018|In KRW Tax news|By Keith Witchell The Chancellor announced a new structures and buildings capital allowance, which will be set at a rate of 2% per annum, will apply to…


Capital gains tax private residence relief- new restrictions added

KRW Tax newsOctober 31, 2018|In KRW Tax news|By Keith WitchellIt was announced that, with effect from April 2020, the current extension of private residence relief to periods where a private…


VAT registration threshold frozen at £85,000 until 2022

KRW Tax newsOctober 31, 2018|In KRW Tax news|By Keith WitchellFollowing a call for evidence on the design of the UK VAT threshold (which is higher than most other countries), the government have…


Entrepreneurs relief qualifying ownership period extended to 2 years

KRW Tax newsOctober 31, 2018|In KRW Tax news|By Keith WitchellFrom 6 April 2019, the minimum period that the conditions must be met to qualify for Entrepreneurs Relief will be extended from 12 months…


2% digital services tax on digital platforms arrives in April 2020

KRW Tax newsOctober 30, 2018|In KRW Tax news|By Keith WitchellIn a measure designed to reduce tax leakage where multinational companies operate online platforms and pay little or no tax in the UK, a…


1/3rd rates discount for high street retail properites from April 2019

KRW Tax newsOctober 19, 2018|In KRW Tax news|By Keith WitchellIn a bid to help independent retailers (shops, cafes etc) on our high streets, a one third business rates discount will be given on…


National living wage increased to £8.21 per hour from april 2019

KRW Tax newsOctober 18, 2018|In KRW Tax news|By Keith WitchellWhile not referred to in the speech itself, the Budget document confirmed that the National Living Wage for workers aged 25 and over is…


Annual investment allowance increased to £1m from January 2019

KRW Tax newsOctober 17, 2018|In KRW Tax news|By Keith WitchellThe Annual Investment Allowance allows businesses tax relief on 100% of qualifying expenditure on plant and equipment, and is currently…