Welcome to our tax news delivering tax and legislative updates for businesses, entrepreneurs and private clients.
TERMINATION PAYMENT CHANGES DELAYED TO 2020
HMRC have announced that the changes to the national insurance (NIC) treatment of termination payments and sporting testimonials have been delayed to 6 April 2020.
CAPITAL ALLOWANCE ON HIGH CO2 CARS AND ASSETS IN SPECIAL RATE POOL REDUCES TO 6%
One of the capital allowance changes announced in the Autumn Budget was the reduction of the writing down allowance on assets in the special rate pool from 8% to just 6% per annum reducing balance from April 2019.
MTD Update
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Offices at Darlington, Durham and York. Registered Office: 140 Coniscliffe Road, Darlington,
Co Durham, DL3 7RT
A list of members is available at the above address
Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants
in England & Wales. Clive Owen and LLP is a Limited Liability Partnership, registered in England and Wales. Registration number: OC312218
TERMINATION PAYMENT CHANGES DELAYED TO 2020
