The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald
The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald. By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants. This week, we are continuing our review of Chancellor Philip Hammond’s first (and last) Autumn Statement. We’ve covered personal taxation changes and some business taxation matters. As usual with Budgets and Autumn Statements, there is a lot of detail to cover. This week, we continue on business matters from the Autumn Statement. Social Investment Tax Relief (SITR): From 6 April 2017, the amount of investment that social enterprises aged up to seven years old can raise through SITR will increase to £1.5 million. Investment in nursing homes and residential care homes will be excluded initially, however the government intends to introduce an accreditation system to allow such investment to qualify for SITR in the future. The limit on full-time equivalent employees for a qualifying social enterpri...