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 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On 4 December 2017 HMRC published draft guidance in relation to the new risk-to-capital condition included in the Finance (No2) bill 2017-2019.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
October 04, 2017

TT262: Childcare Vouchers vs Tax Free Childcare

New research shows that nowadays parents face bills of almost a quarter of a million pounds to raise just one child to the age of 21. Based on current prices, approximately £70,000 of the total costs will be spent on babysitting, nursery fees or childminders.
Patent Box Regime
September 05, 2017

TT261: Inheritance Tax (IHT) and the Non-domicile rules

The April Finance Act 2017 was pruned due to the untimely General Election, meaning that much of the legislation which was expected to come into force from 1 April 2017 has not been legislated for.
Company Law Update 2
June 28, 2017

TT260: HM Revenue & Customs Errors on tax calculation 2016/17 Self-Assessment

Many of you would have seen the recent press regarding HMRC’s internal system errors in calculating the income tax payable for individuals in 2016/17.
Company Law Update 2
June 14, 2017

TT259: Changes to the Companies House PSC regime from 26 June 2017

The person of significant control (PSC) regime introduced from April 2016 will see significant changes come into effect from 26th June 2017. Any changes to a Company or LLP’s PSC information will now require notification to Companies House on an event basis as opposed to annual reporting via the Confirmation Statement (formally the annual return).
Annual Tax On Enveloped Dwellings
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