The Treasury has stated that tenants will be taxed on the cost of a landlord’s provision of trade fixtures, even if they end up the landlord’s property. Fixtures belong to tenants under current property law, and a landlord’s contribution to their cost would be assessable as a payment by way of inducement to take the lease.
Pension concession Divorced men will be able to rebuild pension entitlements, after splitting provisions with former spouses, without a change in the law. Economic secretary Patricia Hewitt said the concession would be provided under the Inland Revenue’s discretionary powers to approve occupational pension schemes. But the concession will be limited to those earning up to £22,650 and would not be extended to non-approved directors’ schemes, nor personal pensions.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy