Topical Tips

We believe we are more than just your average accountancy firm. Our goal at Barnes Roffe is to engage our clients through a proactive relationship, which provides you with the resources and tools you need to enable you to take charge of your finances with confidence.

Tax news, audit news and any new accounting news ... with the help of our topical tips, you can enjoy the benefit of being regularly informed of up to date accounting news updates which are most likely to be relevant to you and your business.

So why not offer your business more. Take a look at our latest topical tips and see how they can help you.

PLEASE NOTE: The Archive is a historical resource and by the very nature of these tips the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in these tips.

September 23, 2010

TT156: Online fraud – a timely reminder

<em>As ever we encourage our clients to be vigilant and understand risks to their business.</em> However, the recent announcements by HM Revenue &amp; Customs (HMRC) about errors made and refunds due have triggered an increase in the attacks by fraudsters trying to get bank account details.
August 25, 2010

TT155: Maximising the Potential of Your Business

<h3>Prepare to sell – even if you are not going to</h3> One of the best ways to help your business reach its full potential, and maximise its value, is to run it on the basis that one day you will want to sell it.
August 23, 2010

TT154: Inheritance Tax relief for War Veterans

<em>Any member or ex-member of the armed forces will know of the so-called ‘covenant’ that is supposed to exist between the military and the country which they serve.</em> In exchange for the dangers and sacrifices that such people put themselves through, the country promises to look after them.
July 23, 2010

TT153: Cohabitation Agreements

In many respects, the law does not recognise cohabitation. Cohabitants’ rights are usually limited to financial claims on behalf of children and/ or claims in respect of property. A cohabitation agreement allows unmarried couples to formalise their relationship in a legally enforceable way.
June 30, 2010

TT152: Taxman helps you lose pounds

Anyone who remembers “Fat Fighters” from the “Little Britain” show might find it difficult to treat any story involving Weight Watchers without a smile but this latest story is very serious news indeed for anyone who organises their business using a self employed workforce.
May 27, 2010

TT151: Online Filing of Corporation Tax Documents

When filing a corporation tax return (CT600) with HM Revenue & Customs (HMRC) companies are also required to file a corporation tax computation and a copy of the accounts that the tax computations are based on.
April 23, 2010

TT150: HMRC Get Tough On Late Payment Of PAYE/NIC

A new regime for penalising businesses for the late payment of monthly Pay As You Earn (“PAYE”), Class 1 National Insurance Contributions (“NICs”) student loan repayment and Construction Industry Tax (“CIS”) liabilities has been introduced from 6 April 2010.
April 22, 2010

TT149: VAT on Postal Services – Potential Refund Claim?

Following a legal challenge to the scope of the postal services exemption applied in the UK, the European Court of Justice (ECJ) has confirmed that Royal Mail, as the operator providing the public postal service, is the only postal body in the UK eligible to exempt postal services from VAT.
March 23, 2010

TT148: Potential For VAT Recovery On Business Entertainment

A recent opinion from the European Court of Justice (ECJ) has cast doubt on the rule that VAT on business entertainment costs cannot be reclaimed. The Advocate General (an officer of the court who offers a preliminary opinion) has stated that the Netherlands is not complying with European legislation.
March 22, 2010

TT147: Tax Residency

February 2010 has seen the latest decision in the battle between Robert Gaines-Cooper and HMRC. Twenty or so years ago Mr Gaines-Cooper contends that when he purchased a home in the Seychelles and also married a “local girl” that he became non UK tax resident and in due course non UK domiciled.
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