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Monthly Archives: March 2014
Finance Bill Published
The Finance (No.2) 2013-14 Bill has been published today. A copy can be seen on Parliament’s website which also helpfully tracks the progress of the Bill. A little light reading for tax fans ! http://services.parliament.uk/bills/2013-14/financeno2.html Eamon McNicholas Tax Barrister, Accountant … Continue reading
Inheritance Tax-Take Just Keeps Going Up
The tax-take from inheritance tax (IHT) just keeps going up and up. Currently IHT brings in about £3.5 billion a year. But the Office of Budget Responsibility (OBR), which checks the governments figures, has increased its estimate of the IHT … Continue reading
Posted in Tax and Accounting News
Tagged budget, Cameron, IHT, inheritance, OBR, tax, threshold
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VAT Registration Limit Raised to £81,000
Following the Budget the registration limits for VAT have been raised by Statutory Instrument SI 2014/703. As from 1st April 2014 the registration limit in VAT Act schedule 1 goes up to £81,000, amongst other changes. An important point to … Continue reading
Posted in Tax and Accounting News
Tagged Instrument, SI 2014/703, Statutory, supplies, tax, VAT
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Finance Bill Due 21st March
Following the Budget the Finance Bill will be published on Thursday 21st March. Every Budget produces lots of political spin, but it is only when the fine detail is published that the real deal can be analysed. Eamon McNicholas Tax … Continue reading