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.

May 27, 2010

TT151: Online Filing of Corporation Tax Documents

When filing a corporation tax return (CT600) with HM Revenue & Customs (HMRC) companies are also required to file a corporation tax computation and a copy of the accounts that the tax computations are based on.
April 23, 2010

TT150: HMRC Get Tough On Late Payment Of PAYE/NIC

A new regime for penalising businesses for the late payment of monthly Pay As You Earn (“PAYE”), Class 1 National Insurance Contributions (“NICs”) student loan repayment and Construction Industry Tax (“CIS”) liabilities has been introduced from 6 April 2010.
April 22, 2010

TT149: VAT on Postal Services – Potential Refund Claim?

Following a legal challenge to the scope of the postal services exemption applied in the UK, the European Court of Justice (ECJ) has confirmed that Royal Mail, as the operator providing the public postal service, is the only postal body in the UK eligible to exempt postal services from VAT.
March 23, 2010

TT148: Potential For VAT Recovery On Business Entertainment

A recent opinion from the European Court of Justice (ECJ) has cast doubt on the rule that VAT on business entertainment costs cannot be reclaimed. The Advocate General (an officer of the court who offers a preliminary opinion) has stated that the Netherlands is not complying with European legislation.
March 22, 2010

TT147: Tax Residency

February 2010 has seen the latest decision in the battle between Robert Gaines-Cooper and HMRC. Twenty or so years ago Mr Gaines-Cooper contends that when he purchased a home in the Seychelles and also married a “local girl” that he became non UK tax resident and in due course non UK domiciled.
February 22, 2010

TT146: Online Fraud – please stay alert!

We have received several cases of attempted phishing by fraudsters against clients. These have all, so far, taken the form of an unsolicited email which states that there is some sort of bank account problem, or under-reported income or fraud on your tax affairs and that you need to log-in to provide security details.
January 22, 2010

TT145: Company Car Fuel Update

Mileage rates from 1 December 2009: In TT140 we reported on the new rates to be used for paying the fuel-only element to employees who claim for business miles driven in company cars.
December 22, 2009

TT144: Expected changes to VAT rate and compliance

Expected VAT changes from 1 January 2010 There are a number of changes to VAT legislation which are expected to come into effect from 1 January 2010 which readers need to be aware of. Perhaps the most important of these changes are: Expected return of standard rate of VAT to 17.
October 22, 2009

TT143: Group Accounts

Following recent changes to company law, medium sized groups of companies are now required to prepare group accounts.  These group accounts will need to be filed at Companies House.  Previously both small and medium sized groups were exempt from this requirement.
September 22, 2009

TT142: VAT Fuel Scale Update-2009

All change again on VAT fuel scale charges In Topical Tips 115 (April 2008) we reported on a change to VAT fuel scale charges from 1 May 2008. This linked the VAT charge for businesses that recover VAT on fuel used for private motoring to the CO2 emissions of each car.
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