Topical Tips

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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 22, 2006

TT85: Construction Industry Scheme

Changes for next tax year In April 2007 the Construction Industry Scheme (‘CIS’) taxation regime will change significantly.These are the main points: The subcontractor will no longer present the contractor a card or certificate to demonstrate whether they should be paid gross or net of tax at 18%.
August 22, 2006

TT84: Tax-Free Business Mileage Rates

Money-saving update on company car fuel In Topical Tips 53 and Topical Tips 69 we dealt with the important saving available if an employee chooses to pay for all fuel in their company vehicle and then claims back money to cover the fuel cost for only the actual business miles driven.
July 22, 2006

TT83: Tax Return Filing Deadlines

Few people will have noticed that the last Budget hid a sneaky announcement by the Government that dramatically shortened the time taxpayers have to file their income tax returns.
June 22, 2006

TT82: On line Filing Incentives & Van Benefits

All may not be what it seems We all welcome Gordon Brown’s strenuous efforts to reduce the tax burden, or even to send us money tax-free, and recently he has done just that in relation to on-line filing of PAYE returns and van benefits….
May 22, 2006

TT81: Classic Car BIK

There is special legislation to deal with the benefit in kind (‘BIK’) value of certain classic cars because their list price will be low compared with their current value.
April 22, 2006

TT80: Benefits In Kind Update

No more tax-free computers! Disappointingly, last month the Chancellor of the Exchequer used the 2006 Budget to remove an important and useful tax break on staff benefits.
March 24, 2006

TT79: HMRC Spring/Summer Deadlines

As we approach the busy season for filing returns with Her Majesty’s Revenue & Customs (HMRC) and Companies House, here is a summary to help you meet the deadlines. April 2006 6thA-Day and start of the new pensions regime. Also the start of the new tax year.
March 22, 2006

TT78: Payroll Return Incentive

Do you have fewer than 50 employees? If you do, you might qualify for a case of Champagne, or rather a £250 refund from the taxman so you can buy it yourself! In November 2004 HM Revenue & Customs (‘HMRC’) wrote to all UK employers warning that if they had 50 or more employees at. . .
February 22, 2006

TT77: VAT on employee mileage claims

Potential repayment of VAT… In March 2005 we reported on a new twist in VAT law (see TT62).
January 22, 2006

TT76: Self-Assessment Filing Deadline

Despite the massive annual publicity drive by H M Revenue & Customs (HMRC) to remind people to meet the self-assessment filing deadline of 31 January, many still miss it. Last year 1 million out of the 9.8 million people required to file a tax return were late, many receiving a £100 penalty.
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