tax

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

Guide to HMRC Self Assessment 22nd December 2020

The January deadline for filing your HMRC Self Assessment is fast approaching. In this guide we explain everything you need to know about completing your tax return. What is HMRC Self Assessment? The Self Assessment tax return is a form […]

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Guide to VAT on expenses 17th November 2020

For VAT-registered companies, reimbursing employee expenses can be a minefield. You may be entitled to claim back VAT on expenses and it’s important to remember that they should be treated as anything else you buy for your business. However, many […]

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Are employee Christmas gifts taxable? 16th November 2020

With the traditional office Christmas party looking unlikely this year, many employers are planning alternative gift ideas to reward their employees over the festive period. However, it’s important to be aware of the tax considerations of any gifts, to avoid […]

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What tax relief can I claim for working from home? 26th October 2020

Thanks to the global pandemic, more of us than ever before are now working from home. Although it began as a temporary arrangement for many, several major employers have already pledged to close offices and shift to remote working on […]

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How much tax do I pay as a sole trader? 22nd October 2020

Trying to work out if it’s worth incorporating your company/remaining incorporated? Unfortunately the answer isn’t always clear cut – especially as businesses continue to navigate the fallout of the global pandemic. Understanding how much tax you need to pay as […]

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Self-assessment customers can use enhanced tax payment plans via Time to Pay 20th October 2020

As of 1st October, self-assessment taxpayers can apply for additional support to spread the cost of their tax bill via HMRC’s Time to Pay facility. The measure is designed to help ease the pressure on businesses which have been hit […]

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Guide to inheritance tax 2020 16th September 2020

Inheritance tax (IHT) is a tax paid on the value of assets when a person leaves an estate over the IHT threshold when they die. Previously IHT was seen as a tax only paid by those with large estates, however […]

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Know your COVID business survival strategy 30th July 2020

As the UK economy continues its recovery from the global pandemic, you will no doubt be weighing up the options for your business and working out your post-COVID business survival strategy. Depending on the loans and grants you may have […]

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Capital Gains on UK Residential Property Disposals now due within 30 days 29th June 2020

Payment and reporting terms in respect of any capital gains on UK residential property disposals have changed as of 6th April 2020 for UK resident taxpayers. From now on a return will usually need to be submitted to HMRC within […]

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SEISS Scheme Extended for Self-Employed: Ensure you have applied for both phases 25th June 2020

An announcement was made at the end of May that the SEISS scheme for the self-employed would be extended.  A valuable financial support stream for business owners impacted due to coronavirus, the second phase of this grant will be available […]

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