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.

March 30, 2003

TT35: National Insurance Increases

A recent survey by a leading firm of consultants showed that 60% of the UK population are unaware how the impending rise in National Insurance Contributions will affect them! In fact, it’s going to cost most people dearly, and employers even more.
March 29, 2003

TT34: Company cars: more tax changes

From 6 April 2003 the tax rules on company cars change yet again! Here are six points you should consider: New basis of fuel scale chargeFrom 6 April 2003 the fuel scale charge benefit in kind will be calculated by taking the percentage used to calculate the car benefit (dependent on CO2 emissions) and multiplying. . .
March 28, 2003

TT33: Information & Communication Reliefs

Small companies can claim 100% tax relief on ICT until 31st March only! The Finance Act 2000 introduced a generous 100% tax write-down known as a “first year allowance” for small businesses investing in information and communications technology (ICT).
March 27, 2003

TT32: Tax-Free Development Gains Revisited

In Issue 19 of Topical Tips we reviewed how, in certain circumstances, tax-free gains could be made from selling off up to half a hectare (about an acre) of garden attached to a main residence. We will now consider what action should be taken if the garden is bigger than this.
March 26, 2003

TT31: Pre-March 1987 Pensions

In Issue 7 of Topical Tips we highlighted the incredible tax planning opportunities offered by pre-March 1987 pension schemes where beneficiaries can draw the whole of the funds of the scheme as tax-free cash.
March 25, 2003

TT30: Data Protection Act 1988

If your business processes information on individuals either on computer or manually, you are known as a Data Controller and there is a legal requirement for you to comply with the Data Protection Act. If you don’t you could face a fine of up to £5000.
March 23, 2003

TT29: Capital Expenditure Planning

Every year the Chancellor of the Exchequer announces changes to the way that businesses obtain tax relief on their plant and equipment.
March 22, 2003

TT28: Retirement Saving

What are you going to do to provide for your retirement? Many business owners say that their business is their pension scheme and/or they will rely on the cash tied up in their home.
December 22, 2002

TT27: Company Car Tax Loophole

In the very first issue of Topical Tips last year we drew your attention to the punishing new levels of company car tax that came into effect on 6 April 2002 and suggested certain ways in which these rules could be side-stepped.
August 22, 2002

TT26: VAT Bad Debt Relief – NEW RULES

Now that the 2002 Finance Bill has received Royal Assent and become law (on 24 July 2002), it is worth considering a subtle, but very important change to the rules concerning the VAT treatment of debts that are considered to be “bad” i.e.
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