BR Blog

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.

July 19, 2019

VAT implications of Brexit

From the date of the actual exit, EU law will cease to apply. The issue that arises is how VAT will be charged on trade with the remaining EU Member States. Currently, VAT is generally not charged on the supply of goods, and certain services from other EU Member States (with some exceptions).
July 18, 2019

How long do you want to work…?

As people are living longer, a parallel older-age profile is emerging in the labour force. pic1 Source: National Statistics 16/4/2019 Labour market statistics for the period December 2018 to February 2019 revealed some impressive results. In the UK, employment of those aged 16–64 was running at 76.1%, the joint highest level ever and up 0.
July 16, 2019

Business rates savings for small retailers

Small retailers in England should now be enjoying 33% off their business rates bills. However, businesses need to check their accounts as some councils are not giving the discount automatically.
July 09, 2019

Tax-free childcare – highlighting the choices

HMRC is running a marketing campaign to raise awareness of its Childcare Choices website and the financial support available to parents. With tax-free childcare, the government will contribute up to £2,000 a year towards the costs of childcare.
July 02, 2019

Investors’ relief restriction runs out this tax year

 Investors’ relief, effectively an extension of entrepreneurs’ relief for external investors, is now only available for disposals made during 2019/20 because of a three-year holding period requirement. Like entrepreneurs’ relief, investors’ relief (introduced in 2016) gives a reduced rate of CGT of 10% for gains on qualifying share disposals by individuals or trustees.
July 01, 2019

Construction Sector – VAT Enquiries

 I have recently had a couple of construction sector clients with routine enquiries from HMRC into their VAT affairs, and these enquiries have proved to be rather drawnout and time consuming.
June 25, 2019

New Disclosure Requirements Affecting Large Companies

Following the collapse of some major companies during recent years, the UK government has sought to change corporate behavior and restore trust in big business by requiring large companies, whether listed or not, to show that they operate responsibly.
June 11, 2019

Van or company car: what’s the real thing?

The phrase ‘define your terms’ could have been invented for the benefit-in-kind rules around company cars. A recent case that ended up in the Upper Tribunal between Coca-Cola and HMRC illustrates the importance of understanding when a van is a van – or legally a car.
June 06, 2019

Section 13 – Lucky for some!

Whilst we are in the season for P11D completion, reporting the employer provided benefits and expenses not put through payroll, we thought it might be timely to recall some benefits you don’t need to include on the form.
June 04, 2019

Payslips for all

It may have come as a surprise to realise that until this April, not all workers were entitled to a payslip. From 6 April, all workers now have a statutory right to receive an itemised payslip, including zero hour and casual workers. Up to that date, the right only extended to employees.
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