Tax

Budget Updates

Full information regarding annual budget updates . . .
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Capital Gains Tax

Capital Gains Tax is essentially when you are taxed for the profits (gains) you make when you sell, give away or ‘dispose’ of something you own that has increased in value. This can include: selling shares, transf . . .
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Commercial Property Tax Savings

If you own shares in a company which in turn owns property, either commercial or residential, you may be subject to a double tax charge on the gain in value of the property. Make sure you do not pay too much tax on pr . . .
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Company Car Tax

If an employee who earns more than £8,500 a year is given a company car, there is a tax charge on the benefit given to the employee. The tax payable on company car benefit-in-kind can be an important consideration fo . . .
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Corporation Tax Think Ahead

Don't let your tax affairs get out of control! With corporation tax, you need to think ahead. When you start up a business, should you choose to form a limited company, you will have to assess your business for corpora . . .
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Estate Tax Accountants

Estate tax is a tax based on the value of the property of a deceased person which is charged on the personal representative of the deceased. It is one of the many taxes you will have to account for if you are the trus . . .
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HMRC Tax Investigations

If you have received a tax investigation letter from HMRC what should you do? In the first instance, you should always read the letter carefully and if you are unsure what it means, or if it is a complicated request f . . .
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Income Tax Accountants

Income tax is exactly as it sounds, a ‘tax on your income’. However, not all income is taxable and even then you are only taxed when you earn above certain levels. What is a taxable income? Income tax applies to: e . . .
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Inheritance Tax

Losing a family member is never easy, and the last thing you will want to think about is whether or not you are liable for paying inheritance tax. However, it is essential that you check so that you are aware of your rig . . .
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Keeping key people - EMI scheme

The EMI (Enterprise Management Incentives) scheme is the most popular type of share option scheme available. It is approved by HMRC and enables share options to be granted to selected employees without any tax implicati . . .
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Making Tax Digital

Making Tax Digital (“MTD”) is the HMRC initiative aimed at eventually requiring all businesses to file direct from computerised accounting records quarterly returns of income and expenditure. MTD has suffered a nu . . .
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Pension Auto Enrolment: An Employer’s Guide

Your concise guide to the key facts and action points Auto enrolment is the statutory requirement on an employer to: have an appropriate pension scheme arrange for most of the workforce to be automatically enrol . . .
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Probate and Estate Administration

Barnes Roffe is licensed by the ICAEW to carry out non-contentious probate work covering the obtaining of a grant of probate and dealing with the Inheritance Tax returns that may be necessary. We can act where there i . . .
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Research & Development

The Research & Development tax credits scheme is a generous Government initiative designed to stimulate business growth through increased business tax deductions and direct cash injections. Barnes Roffe LLP has . . .
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Tax Law Specialists

Tax law is essentially a codified system of laws that describes government levies on economic transactions, namely taxes. These include taxes on: your income and wealth; all capital gains; your retirement funds/pensions . . .
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Tax Tables

For illustrations of current tax rates and allowances . . .
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VAT

VAT (Value Added Tax) is a tax that is charged on most business transactions in the UK. There are different rates of VAT applicable to different types of transactions, the most common being: Standard - 20% Red . . .
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ICAEWThe Chartered Institute of TaxationACCAIPG