Find out the latest goings-on at TTR Barnes by browsing our news posts:
Spring Budget: Changes to Capital Allowances In the recent Spring Budget announcement by Chancellor Jeremy Hunt, we saw the introduction of two major capital allowances for qualifying UK businesses from 1st April 2023. This was alongside the announcement of changes […]
Read MoreFrom April 2023 we will see the implementation of the proposed reduction in Capital Gains Tax Allowance. Any taxpayer seeking to dispose of their assets will need to consider the impact of the reduced allowance on consequent tax liabilities. Initially […]
Read MoreAs a self-employed individual or a sole trader in the UK, it is your responsibility to meet the deadlines for submitting your self-assessment tax returns. Filing your self-assessment tax return and paying any liabilities due on time and accurately is […]
Read MoreAny limited company in the UK has a responsibility to meet various tax deadlines, including submitting a Corporation Tax return and paying any liabilities due. From April 2023 the rate of Corporation Tax will increase to 25% for companies with […]
Read MoreThe Government has announced that Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will now be mandated starting from April 2026, rather than from April 2024. Recognising that businesses and self-employed individuals are currently facing a challenging […]
Read MoreWith the number of changes announced (and often retracted) in 2022, you’d be forgiven for being confused about what is actually happening in the world of tax and accountancy for 2023. In this article we summarise some of the key […]
Read MoreLast updated: Monday 21st November On 17 November 2022, the Government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and […]
Read MoreMaking Tax Digital for Income Tax (MTD ITSA) is coming. From 2024 all self-employed business and landlords with a gross income above £10,000 will need to submit quarterly summaries via MTD-compliant software. In this guide learn about: What is MTD […]
Read MoreImportant: Please note since publication of this article the Government have announced a new financial statement. Please see our guide to the Autumn Statement 2022 for the most up to date information. Last updated 21st November 2022. Chancellor brings forward […]
Read MoreThe rules HMRC use to work out sole traders’ and partners’ profits for Income Tax in a Self Assessment return are changing. In this article we explain basis period reform, who’s affected and what this means for your business. What’s […]
Read More
© 2024 TTR Barnes
