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.

April 15, 2010

Taxman gets tougher…..

A story reported recently in the national press is a clear example of the new tough line HM Revenue & Customs are adopting. A self-employed individual without an accountant calculated that he had overpaid £3,000 in tax for the year ending 5 April 2009 and made a repayment claim.
April 07, 2010

Stop Press on Furnished Holiday Lets!

As you are probably aware, Labour planned to scrap the beneficial treatment of furnished holiday lets (“FHL”) from 6 April 2010.  Under the existing rules, FHL were treated as a trade allowing losses to be set against other income and with other tax advantages. But this only applied to UK properties.
February 03, 2010

HMRC penalties – Disproportionate?

A recent VAT Tribunal case Enersys Holdings UK Ltd has highlighted the potential to revisit penalties charged by HMRC where the penalty is disproportionate to the error made.
January 28, 2010

Offshore planning

I am sometimes amazed where people get their advice from.  I was at a seminar this week and was told, over coffee, by one of the businessmen there that he had “gone offshore”.  I assume he had bought a holiday home and asked “anywhere nice?”.
December 15, 2009


With Christmas nearly upon us, I thought it would interest readers to know some of the tax rules that surround some Christmas traditions at work.
December 03, 2009

I Hate The Tube

I hate the tube, and before anyone says I am not “environmentally friendly” and only using a car to travel around, I do like using the buses (although I have my misgivings about these as well e.g.
November 25, 2009

Unusual Taxes – Part 2

As a follow up to my earlier blog, here are some more unusual taxes from the past and more tax planning, which shows that no matter how crafty the Taxman, those interested in saving tax can be just as crafty….
November 13, 2009

Unusual Taxes

It’s not just this Government that is always looking for new things to tax. Throughout history, the Taxman has sought new ways to get money…and the diligent tax planner has sought ways to avoid them.
November 04, 2009

Michael Jackson’s This Is It

I confess to being a big Michael Jackson fan, but even if you are not, it would be difficult to miss various news articles about the late King of Pop and his latest movie-documentary-concert “This Is It”.
October 26, 2009

The (tax) Inspector Calls…

HMRC have had a good run of late. 300 banks have been ordered by the tax tribunal to disclose details of offshore accounts held by their UK resident clients. Last year, they obtained a similar ruling against the big 5 high street banks.
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