BR Blog

We're all about communication at Barnes Roffe, especially when it comes to our clients and contacts: existing or potential. For this reason we have set up our 'Blog Spot'. To help you to get to know our team, recognise our motivations and more importantly feel confident in the strategies we promote.We post here regularly, to help give you the insight and understanding you need to take every market change in your stride.

February 11, 2012

Tax Freedom Day 2012

For those not familiar with the term, ‘Tax Freedom Day’ is a term used to show how long each year the average UK taxpayer would have to work if they had to hand over everything they earned until all Government spending was paid for.
January 31, 2012

Bank account security

Don’t leave the keys in the door to the safe!  Theft from businesses is happening more than you think…….
January 17, 2012

Cheating the revenue

Readers may have read in the press about the conviction for ‘cheating the revenue’ of a professional tax advisor, David Perrin of Vantis Limited. If ever there was an unacceptable face of tax planning this would be it.  Perrin’s plan revolved around the fact that people can get tax relief for donating shares to charities.
November 22, 2011

The Aaronson Report on GAAR

I was at a conference hosted by Pump Court Tax Chambers at the end of last week.  Graham Aaronson QC was supposed to speak about his GAAR report, but as its publication had been delayed, his speech was somewhat truncated.
November 02, 2011

It’s just not logical…

If you haven’t sent in your 2010/11 Self Assessment return, you now must send it online if you want to avoid a penalty, as the 31 October deadline for paper returns has now passed.
October 12, 2011

HMRC acting unfairly (again!)

Another tax case of interest has been decided recently in the First Tier Tribunal of appeals in favour of the taxpayer. This concerned an appeal against a £400 penalty for failing to deliver a PAYE end of year return.
September 27, 2011

Out of control?

Greatly increased penalties now exist for submitting personal tax returns late to HMRC and it seems to me that those least likely to be able to afford them are most likely to incur them.
September 05, 2011

More information passing to HMRC?

From 1 September applicants for mortgages should be aware of the Mortgage Verification Scheme under which their proposed lender may be passing information on to HMRC.
August 24, 2011

Tax on gratuities

You may have missed a recent story about tax evasion from Germany which might raise a smile but also has a lesson.  Tax authorities raided a woman who ran a series of public toilets who was suspected of payroll irregularities and discovered more than they expected.
August 22, 2011

What is a “reasonable excuse”

Penalties are often imposed by HMRC for late payment of tax or filing, and the legislation says that these penalties apply unless there is a ‘reasonable excuse’.
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