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.

June 19, 2018

TT272: Worldwide Disclosure Facility

A last opportunity to correct offshore errors in respect of taxation before the new failure to correct offence and related punitive penalties come into effect on 1 October 2018 Urgent action is required by all taxpayers that might be impacted  There is nothing unlawful in UK tax residents having bank accounts or assets outside of. . .
June 04, 2018

TT271: European Commission state aid approved EMI regime

Further to our Topical Tip 270, regarding EMI Share Option Schemes, on 15 May 2018 the European Commission announced that it had renewed state aid approval of the EMI regime.
FRS 102
May 01, 2018

TT270: EMI share option schemes

Enterprise Management Incentive (“EMI”) share option schemes have been an extremely popular tool used by companies to incentivise and retain key employees since their introduction a number of years ago.   Which makes the announcement on 4 April 2018 by HMRC a concern for the companies that we advise.
April 24, 2018

TT269: Does Your Company Own Residential Property? If Yes this is important information

If your company owns residential property then it could fall within the annual tax on enveloped dwellings (ATED) regime.
Incorporating Residential Property Portfolios
April 17, 2018

TT268: Grandparents – can you help educate your grandchildren tax free?

It is well known that the income of any child (above £100 per annum) derived from capital given by their parents is taxed as income of the parent themselves. It is this rule that prevents parents being able to pass capital to their children to enable them to generate income to use up their personal allowance or lower rate income tax bands.
Payroll Changes and Information
February 28, 2018

TT267: IR35 Case

Christa Ackroyd Vs HMRC – IR35 ruling We have recently had a line drawn under the Christa Ackroyd v HMRC tax case, a typical IR35 case and the first ruling under this legislation in seven years.
Company Law Changes
December 07, 2017

TT266: Film and Television Production

What do the new “Risk-to-Capital” provisions added to the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS) mean for film and television production?. . .
Annual Tax On Enveloped Dwellings
December 05, 2017

TT265: Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT)

On 4 December 2017 HMRC published draft guidance in relation to the new risk-to-capital condition included in the Finance (No2) bill 2017-2019. This new condition will apply to shares issued after royal assent to the Finance (No 2) bill.
November 23, 2017

TT264: 2017 Autumn Budget

When the Chancellor began his Budget speech by stating that the 2017 Autumn Budget was about “more than just Brexit” he meant exactly that, with the only announcement directly relating to Brexit being an additional £3 billion of funding in preparation for leaving the EU.
bernes roffe
October 16, 2017

TT263: Get ready for the new General Data Protection Regulations (GDPR)

The new GDPR is now only seven months away – and now is the time to start preparing your business in order to be ready in good time before its introduction on 25 May 2018.
Patent Box Regime
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