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.

March 24, 2006

TT79: HMRC Spring/Summer Deadlines

As we approach the busy season for filing returns with Her Majesty’s Revenue & Customs (HMRC) and Companies House, here is a summary to help you meet the deadlines. April 2006 6thA-Day and start of the new pensions regime. Also the start of the new tax year.
March 22, 2006

TT78: Payroll Return Incentive

Do you have fewer than 50 employees? If you do, you might qualify for a case of Champagne, or rather a £250 refund from the taxman so you can buy it yourself! In November 2004 HM Revenue & Customs (‘HMRC’) wrote to all UK employers warning that if they had 50 or more employees at. . .
February 22, 2006

TT77: VAT on employee mileage claims

Potential repayment of VAT… In March 2005 we reported on a new twist in VAT law (see TT62).
January 22, 2006

TT76: Self-Assessment Filing Deadline

Despite the massive annual publicity drive by H M Revenue & Customs (HMRC) to remind people to meet the self-assessment filing deadline of 31 January, many still miss it. Last year 1 million out of the 9.8 million people required to file a tax return were late, many receiving a £100 penalty.
December 22, 2005

TT75: Merry Christmas from Barnes Roffe

TT59Staff Home Computers How you can provide halfprice computers as a tax-free benefit for staff. TT60Company Van Tax Avoiding a benefit in kind for ‘insignificant’ private use of a company van. TT61Companies House Changes & Security Cessation of the extension to filing deadlines for companies with overseas interests, Increase in filing fees and Corporate Identity Theft prevention.
November 23, 2005

TT74: Staff Entertainment

Christmas party time You want to reward your staff at Christmas, but what can you do without landing them a tax bill? Most people are aware of the exemption of £150 for entertaining staff, but this must not be regarded as the budget for the office Christmas party.
November 22, 2005

TT73: Diesel Company Cars – Tax Change

The current situation with diesel company cars HM Revenue and Customs imposes a 3% surcharge on the taxable scale charge for diesel-engined company cars registered after 31 December 1997 which do not meet Euro IV emission standards.
October 25, 2005

TT72: Property & SIPP Update

With the publicity surrounding the rule changes from April 2006 (‘A Day ‘), most people interested in buying property via pension schemes are aware of the heavy restriction on borrowings that will take effect.
October 22, 2005

TT71: Staff Suggestions Scheme

Make your business better and save your staff tax! If you run a staff suggestions scheme you can potentially: discover ways to make your business better actively engage your staff in improving operations make cash awards of up to £5,000 free of tax.
September 23, 2005

TT70: Tax-Free Staff Incentives

Many of our recent Topical Tips have dealt with various types of tax free ‘perks’ that can be offered to employees and this one is no exception! In this issue we look at three more tax-efficient incentives for employees! And remember, Directors are employees too! Tip 1 Mobile Phones Most people know that there is. . .
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