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Annual investment allowance to rise to £1m

Annual investment allowance to rise to £1m

by | Dec 18, 2018 | Uncategorized

The annual investment allowance is set to temporarily increase from £200,000 to £1 million, allowing businesses to gain more tax relief on their investments. This will take effect from 1 January 2019 and remain in place until 31 December 2020, after which it is due to...
IR35 reforms to be extended to the private sector

IR35 reforms to be extended to the private sector

by | Dec 18, 2018 | Uncategorized

Contractors could face a higher tax bill from April 2020 when reforms to IR35 legislation are set to take effect in the private sector. This is expected to raise more than £3 billion between 2020 and 2024, as self-employed individuals who fall within the rules, and...