tax

Find out the latest goings-on at TTR Barnes by browsing our news posts:

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 was to […]

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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 details of […]

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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 verification checks […]

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Extended Loss Carry Back 5th August 2021

In March 2021, the government extended the carry back of losses for businesses. There is a temporary extension to the carry back rules and the period of time to claim trade losses. As announced in the Budget 2021, the period […]

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Do you qualify for a super deduction tax break? 14th May 2021

The super deduction tax break was a flagship policy in the Government’s 2021/22 Budget. Designed to encourage businesses to invest in new plant machinery and equipment in a bid to support the UK economy’s post-Covid recovery, the super deduction promises […]

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Tax changes for 2021/22 7th April 2021

The new tax year started on 6th April 2021. Find out about the tax changes for 2021/22, including personal allowances and thresholds, directors salaries, National Minimum Wage, company car allowances and more. Tax changes for 2021/22 The recent 2021 Budget […]

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Apply now for the new VAT payment deferral scheme 2nd March 2021

The new VAT payment deferral scheme is now open. Find out what the scheme involves, how to apply and where to get further support.  What is the VAT payment deferral scheme? If you deferred VAT payments due between 20 March […]

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What is the VAT construction reverse charge? 17th February 2021

New rules on how VAT is handled in the building and construction services industry come into force on 1 March 2021. Read on to learn about what the VAT construction reverse charge is, who it applies to, and how it […]

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Who pays Capital Gains Tax? 11th February 2021

Confused about Capital Gains Tax? In this guide we’ll be explaining who pays Capital Gains Tax, when and how to pay, as well as current CGT rates and allowances.  What is Capital Gains Tax? Capital Gains Tax (CGT) is a […]

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Guide to completing your landlord tax return 19th January 2021

You need to complete a landlord tax return if you receive a significant income from your rental property. In this guide we explain the tax you are liable for and how to submit your Self Assessment tax return. Do I […]

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to Accounts and VAT.