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.

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’.
August 15, 2011

Employed or Self Employed?

A recent Supreme Court judgement has again highlighted the troubled area of what is employment and what is self-employment and shows that it is not just H M Revenue & Customs who can challenge the status.  The case was Autoclenz Limited v Belcher and Others and involved a car-cleaning company.
August 04, 2011

Double standards?

You’ve got to wonder about the workings of HMRC. Admissions that huge numbers of people have been incorrectly taxed, reports that statements regarding payments on account were not sent out on time because of lack of stationery plus rumours of low morale.
August 01, 2011

London 2012 Olympic Games

London 2012 is only a year away, and the excitement is certainly growing to feverish levels. We are so proud to know that so many of our clients—- SMEs, owner-managed businesses, entrepreneurs, and in our opinion, the backbone of the economy—- are helping make London 2012 an Olympic to remember.
July 24, 2011

Payment on account 31 July, need a reminder?

If you’re a Self Assessment taxpayer you’ll know that you may have to make Payments on Account of your tax liability, one of which is due on 31 July. Helpfully HMRC issue reminders complete with a tear-off payslip.
July 21, 2011

IXBRL – the future is supposedly simpler….

HMRC have recently introduced a new “on-Line” filing system for Corporation Tax returns with the impressive sounding name iXBRL which is supposed to make things easier.  Only it isn’t. One recent example concerned a return that the HMRC computer kept rejecting.
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