Sentences with phrase «tax allowances for»

Some 80 per cent of companies that were audited overestimated their research spending and, of $ 1.8 billion claimed by companies in tax allowances for R&D, $ 368 million was disallowed.

We will also ensure that provision is made for Liberal Democrats MP to abstain on budget resolutions to introduce transferable tax allowances for married couples without prejudice to the coalition agreement.

There will also be a «substantial increase» in personal tax allowances for lower and middle - income people from April 2011 - rather than the Conservative plan to raise employees» NI thresholds

June's Budget increased the tax allowances for the lowest earners and raised the rate on capital gains — both longstanding party commitments and reforms that the Chancellor, George Osborne, would not have enacted without Liberal Democrat influence.

He sought to soften the blow by restoring the state pension link to earnings from next year, raising income tax allowances for basic rate payers and a # 2bn boost for poor families.

«The Coalition Agreement commits the Government to bring forward «budget resolutions to introduce transferable tax allowances for married couples,» while allowing the Liberal Democrats to abstain on them.

We call on him to commit himself to putting these budget resolutions on transferable tax allowances for married couples before Parliament next year.»

The new tax allowances for property and trading income are found in section 17 and schedule 3 of Finance Bill (No. 2) 2017, which is yet to receive Royal Assent.

«We will also ensure that provision is made for Liberal Democrat MPs to abstain on budget resolutions to introduce transferable tax allowances for married couples without prejudice to the coalition agreement,» it reads.

Although the Agreement only refers very broadly to transferable tax allowances for married couples (Conservatives will vote for; Liberal Democrats will abstain), it's reasonable to presume that the restriction set out by the Party during the election will apply: namely, that the allowance is only transferable -

Restoration of the tax allowance for fathers for so long as Child Benefit is being paid to mothers.

• David Cameron has said the government wants to introduce a transferable tax allowance for married couples before 2015.

Education minister Tim Loughton tabled an amendment to Finance Bill later on Wednesday to bring into law a transferrable tax allowance for married couples.

«Andrew Bridgen MP calls on Oxfam, Save the Children and other groups to cut links with Bureau of Investigative Journalism Main Tory MPs and press wonder why George Osborne promotes gay marriage but does not introduce tax allowance for married couples»

In 2005 Michael Howard considered a boost in the income tax allowance for the Conservative manifesto.

8 We will encourage a new culture of saving by abolishing income tax on savings for everyone on the basic rate of tax and raising the tax allowance for pensioners by # 2,000 to # 11,490

12.45 pm ThinkTankCentral: CSJ recommends # 600m transferable tax allowance for married couples with very young children

Not exact matches

The government did pledge $ 47 billion to infrastructure spending over the next 10 years and extended the accelerated capital cost allowance for manufactures — a tax relief program for investments in new machinery and equipment — by two years, which means stock holders could get a boost if public companies are able to take advantage of this spending and savings.

Three initiatives tied for most popular among the CEOs: increasing the income eligible for the reduced small business tax rate to $ 500,000 from $ 400,000, extending the capital cost allowance on investment in manufacturing, and the $ 12 billion committed to infrastructure spending.

That would have given small business owners a tax credit for wages paid to employees, and would have extended a 100 percent bonus depreciation allowance.

This press release includes a discussion of net loss and loss per share adjusted for non-cash tax - related valuation allowances as identified in the reconciliations provided below.

Adjusted for the similar tax effects, SBC expense and also for deferred tax asset valuation allowances provided on operations of our newly acquired Uber and Foodfox businesses, our effective tax rate for Q1 2018 was 23.5 %, compared with 23.8 % for Q1 2017.

The company reported earnings and revenue for the first quarter that were roughly in line with consensus estimates, but did not provide much new color on an unfavorable tax allowance decision from federal regulators.

Changes to these uncertain tax positions and tax related valuation allowances made subsequent to the measurement period, or if they relate to facts and circumstances that did not exist at the acquisition date, are recorded in the Company's provision for income taxes in the consolidated statements of operations.

Changes to these uncertain tax positions and tax related valuation allowances made subsequent to the measurement period, or if they relate to facts and circumstances that did not exist at the acquisition date, are recorded in our provision for income taxes in our consolidated statement of operations.

NDP commitments include a two point cut in the small business tax rate (already implemented by the Conservatives); extension of the accelerated capital cost allowance for two years (already implemented by the Conservatives (but with a different phase in); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; and, increasing ODA funding to 0.7 per cent of Gross National Income (GNI).

NDP promises include a two point cut in the small business tax rate (already implemented in the budget by the Conservatives); extension of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; increasing ODA funding to 0.7 per cent of Gross National Income (GNI); and restoring the 6 % annual escalator to the Canada Health Transfer.

A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

In making its decision to disallow MLPs from collecting an income tax allowance (essentially, for assumed taxes paid by the underlying MLP holders), the FERC reversed a multi-decade precedent.

How much gets withheld from your paychecks for federal income taxes depends on factors like your salary, your marital status and how many allowances you claim on your W - 4 form.

One is the announcement by the Australian Tax Office regarding the tightening of depreciation allowances for investment properties.

How much you pay in federal income taxes depends on factors including your marital status, how many allowances you are eligible for and how many you claim, how much your annual salary is and if you choose to have additional tax withheld from your paycheck.

Equally, sitting on an income - free investment for 20 years will leave you with a hefty capital gains tax bill, although you can try to defuse it in the UK by using up your personal capital gains tax allowance every year.

Finally, the Budget projections may include current year liabilities, such as adjustments to the various allowances for loans and loan guarantees, court cases, employee future benefits, tax receivables, etc..

It also means setting up allowances for valuation against potential losses resulting from claims currently before the court, environment liabilities, employee future benefits, aboriginal land claims, concessions relating loans and loan guarantees, tax receivables and payables, among others.

For example, as long as you don't exceed your annual allowance, you could subscribe to a Cash ISA, a Stocks & Shares ISA, a Lifetime ISA and an IFISA in the same tax year.

We prevent you investing more than the ISA allowance for each tax year.

Remember though that the dividend allowance is due to reduce to # 2,000 for 2018/19 tax year.

Stop being registrars for state marriages, surrender property tax exemptions, give up the double - dip tax privilege that grants clergy a non-taxable housing allowance while letting them also claim a mortgage deduction, drop military ranks for chaplains in the armed forces.

Ryan Cragun, an assistant professor of sociology, and two students examined U.S. tax laws to estimate the total cost of tax exemptions for religious institutions - on property, donations, business enterprises, capital gains and «parsonage allowances,» which permit clergy to deduct housing costs.

What business, for - profit or not, could survive if they had to pay taxes on revenue with no allowance for operating costs?

And the proposals for such «pro-family «government policies as bigger children «s allowances, family tax credits and employer - provided day care, while obviously helpful, do n`t reach the heart of the problem.

State Senator Michael Ranzenhofer said he understood it to be a roughly $ 14 million tax break while Bonacic said the casino is asking for a ten percent market allowance.

«Doubling the investment allowance to # 500,000 a year is a significant and worthwhile move to encourage investment but it only strengthens the case for more fundamental reform of corporate taxes.

Treasury sources have tried to dispel the possibility of a backbench battle for the married couples» tax allowance by pledging to introduce it before 2015.

«Councillors are well - compensated for their work, and tax - free allowances should be kept to an absolute minimum when the public finances are still in such dire straits.

Stories about the Lords «clocking in'to pick up their daily tax - free # 300 allowance and MPs getting not one but two free iPads courtesy of the taxpayer didn't help shift the now permanent suspicion that MPs are out for every paperclip they can scrounge.

«The increase in personal tax allowances will actually do little for the working poor - who will see the majority of any gains taken away as benefits are clawed back - and they will make higher earners even better off.

We're also calling for excessive marginal rates to be scrapped, where clawbacks on child benefit and the personal allowance hit people with a marginal tax rate that spikes to 60 % or more.

Happy to agree that the national insurance threshold should be a greater priority than increasing the personal allowance for income tax further.