Guides and Downloads

Use these guides for education and information on specialist subjects. If you have questions then please contact us and we'll be happy to help.

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, blogs and key guides you can enjoy the benefit of being regularly informed of business and accounting updates which are likely to be relevant to you and your business.

PLEASE NOTE: By the very nature of this type of information 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 documents.

2022 Tax Tips

2022 Tax Tips


This guide highlights 50 ways in which you can currently use certain tax reliefs to your advantage, and how to avoid some of the tax penalties. It can help you navigate the complexity of certain tax rules and create more tax-efficient plans.


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2022 Spring Budget Tax Tables


2022 Spring Budget Tax Tables. Allowances, tables and all the data necessary to handle your tax affairs.


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Making The Most Of Fringe Benefits


Based on HM Revenue & Customs (HMRC) statistics, private medical and dental cover is by far the most popular taxable benefit provided to employees and directors. Perhaps no surprise given how easy this benefit is for employers to arrange, but there is a whole range of wellbeing benefits which employers can also provide with minimum extra effort.


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You And Yours – Estate Planning


All too often, people put off estate planning. This is understandable as, it requires you to consider what will happen when your life is over, hardly something most of us rush to contemplate.


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Investing Tax Efficiently


The way that investments are taxed has changed over recent years as successive governments have chosen to handle various sources of investment income in different ways.


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Making Tax Digital


HMRC has embarked on a ten-year plan to modernise the UK’s tax administration system by 2030 to facilitate more digital reporting in ‘real time’, i.e. closer to the time of transactions. This project includes the restructure of HMRC’s own internal systems.


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Off Payroll Working


If you work as a contractor, there are three different possible tax treatments which could apply to your engagements depending on your circumstances. For contracts not subject to the off-payroll working (IR35) rules, whether working in the private or public sector, you will be in a position to withdraw profits on a very advantageous tax basis.


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Pension Tax Planning For High Earners


If you are a high earner and feel you are paying more and more tax, you are not alone. Increasing the tax burden for higher earners has been a deliberate policy of successive governments. Higher and additional rate taxpayers now pay about two thirds of all income tax.


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Retirement And Tax


Tax does not disappear once you start the retirement process. While your income is likely to fall when you cease work completely, you will still have an income tax liability if your pension and other incomes exceed your available allowances.


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Starting And Selling A Business


With Covid-19 restrictions currently largely lifted, starting a new business, particularly in bricks and mortar, may again be viable. The economic recovery is looking more positive, according to figures from Office of Budget Responsibility released with the autumn Budget in October.

Although the furlough scheme has now ended and staff shortages and supply chain issues are ongoing, there was positive news in the Budget around reliefs on business rates and other measures. The degree of return to pre-Covid 19 levels of activity is mixed, so business plans will need to factor in this range of issues.


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Strategies For A High Tax Environment


The income tax system has changed significantly in recent years. Until the spring 2021 Budget, governments had focused on increasing the personal allowance, but despite this the number of income tax payers today is much the same as in 2010/11.

At the same time, the share of income tax paid by those with higher incomes has increased: the share of total income tax receipts paid by the top 25% of taxpayers rose from 71.3% in 2010/11 to an estimated 76.0% in 2021/22.


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Tax Allowances For Business Investment


The current high level of annual investment allowance for plant and machinery means that for many businesses there is no immediate difference between capital and revenue expenditure.

For companies, the situation might be even better than this because of the introduction of a 130% super-deduction for the two-year period from 1 April 2021 to 31 March 2023. However, where such reliefs are not available, it is important that you benefit from any other available tax relief for capital expenditure.


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Taxation of property


Becoming a landlord has been an attractive proposition for anyone who could raise a deposit, thanks to a prolonged period of low borrowing costs and generally rising property values.

The housing market, helped by the temporary cut to stamp duty, has performed exceptionally well over the past year, with prices now some 13% above pre-pandemic levels. Even though the stamp duty cut has now ended, there is no sign of house price inflation easing off. However, the longer-term impact of the UK leaving the EU does need to be factored in, and interest rates are expected to rise during 2022.


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