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.

November 16, 2018

Making Tax Digital deadline deferred for certain businesses

The Making Tax Digital (MTD) for VAT deadline has been extended until October 2019 for certain businesses. Around 3.5% of mandated customers are affected, including VAT divisions and groups, trusts, unincorporated not-for-profit organisations and traders based overseas. The later deadline was announced in response to concerns raised by businesses participating in the VAT pilot scheme.
November 15, 2018

Can the Chancellor save the high street?

Business rates will be cut by one third for small retailers as part of the government’s drive to revitalise the UK’s high streets, as announced in the 2018 Budget. Most retail business with a rateable value of less than £51,000 will see their business rates cut by 33% for two years from April 2019.
November 13, 2018

Budget Boost for business investment?

The 2018 Budget delivered opportunities for businesses, intended to support and encourage them to invest. One of the key developments confirmed by the Chancellor – but originally announced in previous Budgets – is that corporation tax will fall to 17% from 2020.
November 13, 2018

The Budget: an end to austerity?

The 2018 Budget – recently – produced a number of surprises, not least some high-profile ‘giveaways’. Announcements in the Budget included: A £650 increase in the personal allowance to £12,500 for 2019/20, the level originally pencilled in for 2020/21. A £3,650 increase in the higher rate threshold to £50,000, again targeted for 2020/21.
November 13, 2018

Barnes Roffe Cycle Sportive

Late September saw us hold the inaugural “BR cycle sportive” starting and finishing at Berkhamsted Golf Club.  The keen cyclists of the firm including partners Nigel Goodman, Simon Liggins and Adam Dodds hosted an eclectic mix of cycling clients and contacts from across all three of our offices.
November 12, 2018

Student Loan Repayments – Don’t Get Caught Out!

We have had a number of cases recently where HMRC have rightly enquired into clients’ Self-Assessment Tax Returns because of omitted student loan repayments. Loan Repayment via Paye or Self-Assessment If you are employed and are paid through the PAYE system, your employer should automatically deduct any amounts due.
November 12, 2018

Making Tax Digital – How ready are you?

Making Tax Digital – or MTD as it’s known – is the biggest shake-up in the UK tax system in a generation. It involves a range of HMRC initiatives which will see the digitisation of tax reporting for individuals and businesses.
November 11, 2018

Smaller firms benefit from Budget business detail

The details released after the 2018 Budget statement revealed a range of new restrictions for businesses. However, they have been structured to reduce the impact on smaller businesses. Off-payroll working and IR35 One measure announced was the expected extension of the off-payroll working rules, known as IR35, to the private sector.
October 31, 2018

Tax Residence

HMRC are focussing on corporate residence and UK permanent establishments in order to bring within the charge to tax activities of overseas companies carried out in the UK. UK law would make an overseas company UK resident if it’s central management and control was found to be in the UK.
October 29, 2018

Auditor appointment: the Chamber of Secrets has been opened

So here we are at last: a credible body outside the accounting profession is going to take a long, hard look at the system used to appoint auditors to see if it is fit for purpose.
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