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October 30, 2024

Autumn Budget 2024


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The Chancellor said the Budget would highlight £40bn in tax rise, but did she stick to Labour’s manifesto pledges or pull some unexpected rabbits out of the hat?

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International Practice Group Edinburgh 2024
October 30, 2024

Barnes Roffe strengthen international network connections – IPG Conference, Edinburgh


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I was delighted to be asked to help arrange the October 2024 International Practice Group (IPG) Conference in Edinburgh. Barnes Roffe are members of IPG, a multi-disciplinary group of accountants,

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October 28, 2024

Making way for E-invoicing


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The government wants businesses to make more use of electronic invoicing to combat VAT fraud and enhance tax collection.

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October 25, 2024

How will the Autumn Budget affect business owners exit and retirement plans?


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With the new Labour Government’s first Budget due on 30 October, we look at the changes that could be announced that may affect business owners and their exit and retirement

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October 21, 2024

Capital gains tax receipts


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Raising tax rates is a traditional government strategy to increase tax receipts for HMRC, but this may not be the case for capital gains tax (CGT). This is because taxpayers generally have more control over when gains are realised.

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October 18, 2024

125 days of giving – Barnes Roffe charity impact


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To mark our anniversary, Barnes Roffe wanted to do something for charity that wasn’t just a onetime experience.

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October 15, 2024

HMRC letter asking to verify financial information is a fraud


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Over the years, we have seen many tax scams. However, a new scam alert has recently been issued by HMRC and we’ve recently seen the scam in action.

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October 14, 2024

Tips and troncs – what does it mean for your business?


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Since July, it has been illegal for employers to withhold tips from staff. The payment of tips will probably result in a national insurance contribution (NIC) cost for both employer and employees, but this extra cost can be circumvented if a tronc arrangement is used to distribute tips.

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October 7, 2024

Student loan threshold frozen


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The student loan repayment threshold for England and Wales has been frozen at £25,000 until 2027, to the detriment of many new university students this September.

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September 30, 2024

Can you spot a fake HMRC letter?


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Unfortunately, scam warnings have become a regular occurrence. The latest scam highlighted by HMRC is rather ‘old school’, involving letters posted to companies instead of the more usual digital communication.

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September 23, 2024

Dividend allowance cut doubles taxpayers


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With the dividend allowance now cut to just £500, the number of taxpayers paying tax on dividend income for 2024/25 is expected to be double what it was three years ago.

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September 16, 2024

Capital gains tax: a minority sport?


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The Labour Party’s 2024 manifesto said, ‘We will not increase National Insurance, the basic, higher, or additional rates of Income Tax, or VAT.’ The absence of any comment on CGT meant that Rachel Reeves received persistent questions during the election campaign about a possible increase.

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