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.

May 02, 2017

TT257: The Apprenticeship Levy

This has now been introduced with effect from 6 April 2017 for all employers (company or partnership) with an annual payroll in excess of £3m (including associated companies). The Apprenticeship Levy must be applied if your 2016/17 payroll total was more than £3m.
Annual Tax On Enveloped Dwellings
April 21, 2017

TT256: Making Tax Digital

With less than a year to go until the rollout of Making Tax Digital (“MTD”) there are still a raft of unanswered questions about thresholds and software provision, not to mention the readiness and ability of HM Revenue & Customs (“HMRC”) to support such a radical overhaul of the tax system.
Company Law Update 2
April 18, 2017

TT255: Annual tax on enveloped dwellings

We are all familiar with the term annual tax on enveloped dwellings ("ATED") which has been with us since the Finance Act 2013 introduced detailed provisions to deter, what was perceived, as avoidance activity using corporate structures to hold high value residential property.
Annual Tax On Enveloped Dwellings
April 12, 2017

TT254: New Small Company Filing Requirements

For small companies previously able to file abbreviated accounts with the Registrar of Companies, this option is no longer available for accounting periods beginning on or after 1 January 2016, as FRS 102 compliant accounts must be prepared.
Annual Tax On Enveloped Dwellings
March 13, 2017

TT253: Budget Summary Spring 2017

The 8th of March saw Philip Hammond deliver the first of two budgets scheduled for 2017. At a mere 69 pages, the Spring Budget was comparatively short, however the Chancellor still managed to throw in a few surprises.
Patent Box Regime
November 24, 2016

TT252: Autumn Statement 2016: all change for the Chancellor

The UK has experienced plenty of political upheaval this year with the EU referendum followed by a change of leadership. The Chancellor, Philip Hammond, delivered his first Autumn Statement on 23 November– which also turned out to be his last.
Annual Tax On Enveloped Dwellings
November 07, 2016

TT251: Large Businesses Required to Publish Tax Strategy Online

New legislation enacted by the Finance (No. 2) Bill 2016, requires all UK large businesses to publish their annual tax strategy online. The legislation applies to over 2,000 UK businesses and is part of HMRC’s anti-tax avoidance and tax transparency plans.
Company Law Update 2
October 27, 2016

TT250: Country-by-Country Reporting (CbCR) for Large Multinationals

Country-by-Country Reporting (CbCR) is one of the actions recommended by the Organisation for Economic Co-Operation and Development (OECD) as part of its work on Base Erosion and Profit Shifting (BEPS), to enhance global transparency and anti-tax avoidance.
September 26, 2016

TT249: Company Law Update 2

This is the second instalment providing an update on forthcoming company law changes. The majority of the planned changes have now been implemented including the introduction in June 2016 of the Confirmation Statement which replaced the Annual Return.
Company Law Update 2
August 18, 2016

TT248: The death of paper correspondence from HM Revenue & Customs (“HMRC”)

July and August are normally quiet months in terms of tax announcements. This is partly due to the Parliamentary break as well as the holiday season.
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