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July 15, 2024

A warning for iPhone owners


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HMRC is warning iPhone users about a new wave of scam text messages claiming to be about tax refunds.

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July 8, 2024

Not in the NIC of time


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A useful new web tool has emerged, a little late in the game, in a joint effort from two government departments.

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July 1, 2024

Uncertainty for landlords


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Despite support from the Labour Party, the Renters (Reform) Bill was not enacted before parliament was prorogued ahead of the general election.

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June 24, 2024

The first election tax stories


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It’s early days yet, but some pointers on tax have emerged from both the main parties.

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June 19, 2024

Barnes Roffe celebrates 125 years of business


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Starting as a one-man band, Barnes Roffe has now expanded into 5 offices across London and continues to grow from strength to strength.

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June 17, 2024

Electric vehicles can boost income with salary sacrifice


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It may seem counter-intuitive, but taking a pay cut and opting for a salary sacrifice scheme with an electric car can boost take-home pay thanks to tax and national insurance contribution (NIC) savings.

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June 14, 2024

Changes to UK company size limits and impact on audit exemption


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In a move to reduce the UK’s regulatory burden the Government has announced new thresholds for company size classification which subsequently will allow an estimated 132,000 businesses to take audit exemption, if they so choose.

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June 10, 2024

The importance of a well-drafted will


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The risk of relying on homemade wills was highlighted in a recent case where a will was held to be invalid. Even a well-written will must be kept up to date given the possibility of future inheritance tax (IHT) changes.

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June 3, 2024

Have you overlooked a changed tax status?


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With allowances frozen or cut, you may have underpaid tax for 2023/24

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May 28, 2024

General election 2024: 4 July, UK style


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The Prime Minister Rishi Sunak surprised everybody on 22 May – including many in his own party – with his announcement of a general election on Thursday 4 July.

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May 27, 2024

Daily penalties come in for late self assessment returns


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Around 1.1 million taxpayers who failed to submit the self assessment tax return for 2022/23 on 31 January 2024 now face a £10 daily penalty charge by HMRC.

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May 6, 2024

Buy-to-let owners selling up


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While the higher rate of capital gains tax (CGT) on residential property disposals has dropped by 4%, from 28% to 24%, from 6 April 2024, the vast majority of landlords who sell up are facing a higher CGT bill when compared to two years ago.

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