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TTR Barnes is delighted to announce the promotion of two valued team members, John Paul Aitken and Jack Stevenson, to Accounts & Audits Assistant Manager positions. Their well-earned promotions follow the successful completion of their ACA Chartered qualifications, marking a […]
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Within her Autumn 2024 budget statement, Chancellor Rachel Reeves announced that the rates associated with Business Asset Disposal Relief (BADR) would be increasing. Part of a broader strategy to increase tax revenues, the rates will be increased to 18% over […]
Read MoreChancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. In our Autumn 2024 budget breakdown, we talk about the key takeaways from this week’s announcement. […]
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With a new government, led by a new Prime Minister, Britain can expect big changes in the months and years ahead, but what alterations might Labour bring to the economy? Chancellor Rachel Reeves has presented Labour as a party focused […]
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From 6th April 2026 employers must process Benefits in Kind (BiKs) though payroll rather than the annual submission of P11D/P11D(b) returns. The new approach is an effort to reduce administrative time for both employers and HMRC through the removal of […]
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As of 1st April the VAT registration threshold has been raised from £85,000 to £90,000. The VAT move is set to benefit up to 28,000 small businesses, who will no longer meet the threshold for VAT submissions. The change is […]
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The rate of National Insurance Contributions paid depends on your employment status, whether you are employed or self-employed and how much you earn. In last year’s Autumn Statement – as part of the National Insurance Contributions (Reduction in Rates) Act […]
Read MoreChancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. In this article we break down the key announcements made in the […]
Read MoreAs of 6th April 2024 business profits for sole traders, unincorporated businesses and limited liability partnerships should be calculated inline with the tax year,” rather than on the “current period basis”, thus aligning all accounting periods to the tax year […]
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The Chancellor’s announcement at the Autumn Statement on 22 November 2023 brought a pivotal development for businesses as the full expensing regime (allowing companies to claim 100% capital allowances for qualifying plant and machinery) will no longer expire on 31st […]
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