Insights


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January 23, 2009

Tax Return Filing & Payment Deadline


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The deadline for filing your Income Tax Return (ITR) and paying any tax due is 31 January – only a few days away! For the 2007/08 tax year the deadline

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January 22, 2009

Company Car Fuel


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In TT127 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. (Remember, this applies only

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December 22, 2008

Merry Christmas from Barnes Roffe


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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

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November 22, 2008

Company Car Fuel Update


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Employees often still regard the provision of a company car as a benefit worth having. The certainty of the tax cost is attractive when compared to the uncertainty of maintenance

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October 22, 2008

Entrepreneur Relief – Asset Sale Pitfalls


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Historically, under Taper Relief, you could sell a business asset after two years of ownership and any capital gain would be taxed at 10%. Not only did the shares in

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September 25, 2008

New Landlord Regulations


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From 1st October 2008 new regulations come into force for anyone who is involved in letting property. Landlords of both residential and commercial premises will need to have an Energy

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September 23, 2008

Redundancy Process – Part 2


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Last month Topical Tips 122 considered the definition of redundancy and some of the problems arising from it. Getting the procedure right Having established a redundancy exists it is vital that the

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September 22, 2008

Stamp Duty Land Tax Changes


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Some weeks ago it was leaked to the press that the Government was planning changes to Stamp Duty Land Tax (SDLT) to boost the housing market. This rumour almost paralysed

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August 23, 2008

Redundancy Process – Part 1


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The thought of having to reorganise staff with as little business disruption as possible, while navigating through a complex legal process, can be a daunting prospect. Add to this the

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August 22, 2008

VAT Error Disclosure


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Previous rules The previous rules for VAT registered businesses required corrections for VAT errors to be made on the next VAT return, so long as the net errors were up

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July 23, 2008

Non-Domiciled Rules


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There has been considerable media publicity about the proposals to amend the UK taxation policy in respect of individuals who are not domiciled in the UK (so-called non-doms). The proposals

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July 22, 2008

Plant & Machinery Tax Relief


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n the March 2008 Budget, the Chancellor introduced a new form of first year allowance (FYA) for businesses that buy plant and machinery for use in their trade. The old

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