Draft Finance Bill clauses- like unwrapping Christmas presents early

Draft Finance Bill clauses- like unwrapping Christmas presents early

Mon 14 Dec 2015

OK, we couldn’t resist: like kids staring at the goodies under the tree we just had to start opening our draft Finance Bill goodies early. And just like those kids we now just feel disappointed and queasy in about equal measure.

Not for life, and won’t even see out the 12 days of Christmas, Patent Box needs action by 2 January.

Peeling the wrapping of the dividend changes reveals a disappointment for trustees who don’t get the £5k dividend nil-rate band.

Ooh that’s very large! Urgh! that’s worse than Mum and Dad’s credit card bill arriving early as “very large” companies’ CT payments are to be brought forward.

Why not pay for a winter break to the island of IFISA with a P2P loan?

And oh to not have the thought of that tax return to complete: that’s coming but so are quarterly tax payments and digital accounts.

So let’s escape to the panto where some theatrical angels look set to be turned into Baron Hardup. What’s the best thing about this year boys and girls? Most of it’s BEHIND YOU!

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *