Archives

January 2022

Simplifying the VAT Land Exemption – Summary of Responses Published

13th January 2022

Simplifying the VAT Land Exemption – Summary of Responses Published Following a call for evidence on “Simplifying the VAT Land Exemption” HMRC have published a summary of responses in November 2021. The purpose of the call for evidence...

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HMRC announces extensions to some tax submission deadlines

11th January 2022

In a recent notification HMRC has announced an extension of tax submission deadlines for this year, to allow for additional time should it be needed due to disruptions to businesses and individuals this year. Below we have provided...

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Are you confident of your SEISS eligibility?

22nd November 2021

Grants awarded under the Self-Employment Income Support Scheme (SEISS) were a vital lifeline for many businesses during the economic hardship of the pandemic.  There is recognition from the government that some of these grants may have been deliberately...

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Delays in Repayments of Overpaid Tax

22nd November 2021

Some tax payers are experiencing delays in repayments of overpaid tax. HMRC has advised that this is due to additional checks to prevent fraudulent claims.  Most likely linked to ongoing SEISS fraud audits, these additional steps include identification...

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New tax checks for those renewing taxi, private hire vehicle or scrap metal dealing licences.

28th October 2021

From April 2022, if you need to renew a licence to drive a taxi or private hire vehicle, or if you deal in scrap metal, then you may face additional tax checks. The potential changes highlighted in this...

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Now could be the best time to switch to an electric company car and benefit from reduced capital allowances and Benefit in Kind (BiK) tax as well as lower running costs.

27th October 2021

  More than ever the government is incentivising companies to consider the use of electric cars, with considerable tax benefits, funding and sustainability initiatives currently on offer.  No longer is the argument for ditching fuel solely about sustainability,...

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April 2022 NIC increase: What does it mean in real terms?

7th October 2021

Following the government’s announcement to temporarily raise NICs and dividend tax rates by 1.25% in April 2022, we discuss what this means in real terms for the average small business owner.   What are NICs? NICs (National Insurance...

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Job vacancy: Audit and Accounts Senior

10th September 2021

The role We are looking for an audit and accounts senior with several years’ experience, who is competent in producing accounts and tax computations for sole traders, partnerships and limited companies. Audit experience is preferred, but not essential,...

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Are you making the most of business rates tax relief?

9th September 2021

COVID-related business rates relief is set to come to an end in March 2022 and has been a vital lifeline for retail, hospitality and leisure businesses negatively impacted by the pandemic.  However there are still ways in which...

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TTR Barnes runs the Sunderland 10k

15th June 2021

We’re hoping fundraising won’t be taxing as we prepare to run the Sunderland 10k for If U Care Share! Tax senior Scott Laight, receptionist Sarah Riddell, tax Manager Vikki Ashton and tax senior Paul Guthrie along with team...

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Chartered Accountants in Sunderland, offering expertise on everything from Tax and Business Planning,
to Accounts and VAT.