Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

John Barnes banned from company directorships over unpaid taxes

by
April 25, 2024
in Investing
0
John Barnes banned from company directorships over unpaid taxes
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

John Barnes, the former England footballer, has been barred from serving as a company director due to unpaid taxes amounting to over £190,000 after his media firm, which provided media representation services, failed  to pay taxes on income exceeding £400,000.

Barnes, renowned for his football career with 79 caps for England and stints at prestigious clubs such as Liverpool and Newcastle United, faces a three-and-a-half-year disqualification from directing businesses, as decreed by the Insolvency Service.

The service disclosed that Barnes’s company, John Barnes Media Limited, failed to fulfil tax obligations spanning from 2018 to 2020, culminating in its liquidation in May of the previous year following a winding-up petition by HM Revenue and Customs. Subsequently, an investigation by the Insolvency Service ensued from September onwards. Barnes, as the sole director, established the company in September 2012.

In response, Barnes has consented to a disqualification undertaking, precluding his involvement in company promotion, formation, or management without judicial sanction.

Mike Smith, chief investigator at the Insolvency Service, said Barnes had a “legal duty” to ensure his company was paying the correct corporation tax and VAT.

“Individuals and businesses not paying the tax they should deprives the government of the funding it needs to provide vital public services and investment in areas such as schools, hospitals and roads,” he said.

Barnes, whose football career spanned from playing for Watford to managing Celtic, and who was honoured with an MBE in 1998, ventured into entrepreneurial pursuits post-retirement. Notably, he co-founded Team 48 Motorsport with former footballers Les Ferdinand and Luther Blissett, aimed at supporting young racing drivers from African-Caribbean backgrounds. However, this initiative was eventually dissolved.

Barnes has openly acknowledged his past financial management challenges, admitting to imprudent spending habits during his football career. Reflecting on his earlier years, he candidly acknowledged extravagant purchases like an Aston Martin and lavish attire.

Read more:
John Barnes banned from company directorships over unpaid taxes

Previous Post

The Evil of War

Next Post

Labour set to renationalise most rail services within five years

Next Post
Labour set to renationalise most rail services within five years

Labour set to renationalise most rail services within five years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021
Rachel Reeves hints at fresh tax hikes amid fears of £40bn Budget black hole

Rachel Reeves hints at fresh tax hikes amid fears of £40bn Budget black hole

0

0

0

0
Rachel Reeves hints at fresh tax hikes amid fears of £40bn Budget black hole

Rachel Reeves hints at fresh tax hikes amid fears of £40bn Budget black hole

July 4, 2025

Historic Albion House Relaunches as The White Star Line Hotel Under Local Stewardship

July 4, 2025
Wimbledon winners to pay up to £1.3m in tax as HMRC claims £17m from prize pot

Wimbledon winners to pay up to £1.3m in tax as HMRC claims £17m from prize pot

July 4, 2025
Bank Capital Standards

Bank Capital Standards

July 3, 2025

Recent News

Rachel Reeves hints at fresh tax hikes amid fears of £40bn Budget black hole

Rachel Reeves hints at fresh tax hikes amid fears of £40bn Budget black hole

July 4, 2025

Historic Albion House Relaunches as The White Star Line Hotel Under Local Stewardship

July 4, 2025
Wimbledon winners to pay up to £1.3m in tax as HMRC claims £17m from prize pot

Wimbledon winners to pay up to £1.3m in tax as HMRC claims £17m from prize pot

July 4, 2025
Bank Capital Standards

Bank Capital Standards

July 3, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.