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.

April 19, 2021

TT346: Recovery Loan Scheme (‘RLS’) launched – 6 April 2021

The scheme was originally announced in the March 2021 Budget, and in which the Chancellor of the exchequer, Rishi Sunak, pledged to announce the UK Government’s latest support for businesses affected by COVID-19.
April 01, 2021

TT345: “Tax Day” announcements 2021 – what it could mean for your future taxes

On Tuesday 23 March 2021, the government published a series of tax documents and consultations, with a view to strengthen policy making and modernising the tax system. Whilst the consultations are not set in law, they give an indication of the changes that might take place in future.
March 17, 2021

TT344: VAT Payment Deferral

When the COVID-19 pandemic first struck the UK in the early part of 2020, HM Treasury provided a number of forms of assistance to taxpayers and businesses and one of those was the VAT Payment Deferral scheme.
February 24, 2021

TT343: CJRS claims – publication of claimant companies details

Might your name be disclosed online for using the Coronavirus Job Retention Scheme? It might come as a surprise to learn that the Government are publishing the names of companies which have claimed money for furloughed staff under the Coronavirus Job Retention Scheme (“CJRS”).
February 09, 2021

TT342: Construction Sector – New VAT Rules 1st March 2021

Notwithstanding COVID-19, the proposed new VAT rules affecting the construction sector are due to take effect from 1st March 2021. HMRC still plans to apply the new rules, which are called “the domestic reverse charge for supplies of building and construction services” (reverse charge scheme).
January 28, 2021

TT341: Self Assessment and Coronavirus

There has been intense speculation regarding HMRC’s attitude towards self-assessment filing, particularly with the background of the pandemic and how many individuals are going to be unable to meet the forthcoming 31st January deadline as a result of Coronavirus issues.
January 26, 2021

TT340: Recruitment impact of new immigration rules

With the end of freedom of movement between the UK and EU from 1 January 2021, the UK has introduced an immigration system that will now treat all applicants equally. Anyone recruited to work in the UK from outside the UK, excluding Irish citizens, must meet certain requirements and apply for permission.
January 15, 2021

TT339: Supreme Court sides with small firms in business interruption insurance case

The Supreme Court has delivered its judgment in respect of the Financial Conduct Authority (“FCA”) business interruption insurance test case, with the court’s ruling in the favour of small firms.
January 12, 2021

TT338: Tariff free trade between the UK and EU

As announced just before Christmas the UK and EU agreed a trade deal which heralded tariff free trade. The Trade and Cooperation Agreement (“TCA”) was agreed between the UK and EU and came into force at 11pm on 31 December 2020.
January 04, 2021

TT337: Fraudsters don’t stop for Christmas

Many people will be aware that fraud attempts online have escalated during the Covid period.  Fraudsters have used the fact that people are working from home and are not in regular contact with colleagues to try and gain an advantage and extract money under false pretences.
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