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.

January 24, 2008

TT111: Capital Gains Tax Update

The Chancellor changes his mind! After a barrage of criticism from the business community, the Chancellor has on 24 January 2008 announced a softening of the new Capital Gains Tax (CGT) rules due to take effect from 6 April 2008.
January 23, 2008

TT110: Pension Scheme Administration

Urgent action may be required If you are a pension scheme trustee, urgent action may be required on your part, or on the part of your Scheme Administrator. Who is your Scheme Administrator? Under recent pension scheme changes, all registered pension schemes should have a Scheme Administrator (SA) appointed.
January 22, 2008

TT109: Pension Contributions

Pensions simplification From A Day (6 April 2006) Pensions Simplification altered all the rules for the various types of pensions that existed and put them into one system.
December 23, 2007

TT108: Merry Christmas 2007

The issues from 2007 We hope that over the last twelve months Topical Tips has been useful and interesting. In this last Topical Tips for the year we present a round-up of the issues from 2007.
December 22, 2007

TT107: Tax-Free Business Mileage Rates Update

Company car mileage rates go up this time! In Topical Tips 100 we advised on the new rates an employee can claim for business mileage when they pay for all the fuel on a company car.
November 23, 2007

TT106: Tax Threshold Changes

Little and large Usually tax allowances and National Insurance (NIC) rates for the coming tax year are published with the Chancellor’s Autumn Statement. However this year, in a break with tradition, the Government stated that the rates for 2008/09 would not be published until the retail price index for September 2007 had become available.
November 22, 2007

TT105: Inheritance Tax Changes

The current position Every person has a nil rate band (NRB) that they can pass on at death that is free of Inheritance Tax (IHT). The current NRB in 2007/08 is £300,000. With certain specific exceptions the amount of the deceased’s estate in excess of this NRB is subject to IHT at 40%.
October 22, 2007

TT104: Capital Gains Tax Update

A major shake-up As has been widely publicised after the Pre Budget Statement, there will be a significant change to the capital gains tax (CGT) regime from April 2008 for individuals and trustees making disposals.
September 22, 2007

TT102: Season Tickets – Tax Status

Staff benefit or entertaining? With the recent sale of debentures at Wembley Stadium and similar season tickets at Premiership clubs, it is worth reviewing the tax implications of businesses buying such things.
August 22, 2007

TT101: Companies House Annual Return

The way it was In previous years Companies House always sent out paper copies of companies’ Annual Returns (form 363). These forms show details of all directors, company secretaries and shareholders known by Companies House.
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