We're all about communication at Barnes Roffe, especially when it comes to our clients and contacts: existing or potential. For this reason we have set up our 'Blog Spot'. To help you to get to know our team, recognise our motivations and more importantly feel confident in the strategies we promote.We post here regularly, to help give you the insight and understanding you need to take every market change in your stride.
September 22, 2020
Who pays capital gains tax?
HMRC has published some interesting research into capital gains tax (CGT).
September 18, 2020
Business Interruption Insurance test case: High Court finds in favour of policyholders
As a result of the guidance and subsequent formal restrictions imposed by the UK Government to curb the spread of Covid-19, numerous businesses had to close and stop trading. Many of these businesses had business interruption insurance policies, intended to cover losses in profits as a result of trading interruptions.
September 15, 2020
HMRC targets employers over CJRS claims
With reports of two-thirds of furloughed employees continuing to work during the Covid-19 lockdown, despite the initial prohibition of work as an explicit condition of furlough, it is no surprise that HMRC has already written to 3,000 employers it believes may need to repay some or all of the grant they have received under the. . .
September 08, 2020
As autumn arrives, attention is turning to possible measures in the next Budget
Yet another extraordinary turn for 2020, normally seen only in an election year, will be upon us soon: the second Budget of the calendar year. The last Budget, on 11 March, now belongs to a different (pre-pandemic) era.
September 02, 2020
Kickstart Scheme launched
The Kickstart Scheme, announced by the Chancellor in July’s Summer Statement, is launched today. What is the Kickstart Scheme? The Kickstart Scheme is grant funding to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.
August 28, 2020
Tax on electric vehicles
With the government announcing there will be no van benefit charge for fully electric company vans from 6 April 2021, you might be forgiven for thinking that having a company electric vehicle avoids any tax cost. However, this is not quite always the case.
August 25, 2020
Expanding digital tax strategy
Details of an ambitious ten-year strategy to create a tax system fit for the 21st century have been released alongside Finance Bill legislation. With the rapid growth of information and communications technologies, the aim is to have a fully integrated digital tax system able to support taxpayers across the whole range of their needs.
August 20, 2020
Business rates review back on the table
The government committed to undertake a fundamental review of business rates in England at the Spring Budget. It has now issued a call for evidence, with views on reliefs and the ‘multiplier sort’ by 18 September.
August 14, 2020
COVID-19 support – latest updates
Self-Employment Income Support Scheme (“SEISS”) – Grant 2 Self-employed individuals or members of a partnership can claim the second SEISS grant if the business has been adversely affected on or after 14 July 2020.
August 14, 2020
Summer stamp duty changes
The Chancellor’s Summer Statement introduced temporary changes in stamp duty land tax on homes, which prompted similar – but not identical – changes in Scotland and Wales.