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CWRT shows how banks and finance providers are minting new links
Coventry and Warwickshire Reinvestment Trust (CWRT) is showing how the high street banks and other business finance providers are finding new ways to work together. It’s all to do with the increased availability of lending and the need to give business owners all possible finance options. And a key driver behind this is thought to…
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Opportunity for private schools and other educational establishments to claim back VAT !
A European VAT decision concerning the VAT treatment of charges made by the college for meals prepared by students as part of their catering studies and for tickets to performances put on by students could be good news for private schools. It is very common for catering colleges and establishments offering courses in beauty and…
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Is knowing someone else is evading tax an offence?
Even if I’m not involved in any wrong-doing? Under legislation set to be introduced under the Criminal Finances Act 2017 businesses will become liable for criminal acts committed by employees who encourage or assist tax evasion by other individuals, e.g. suppliers or customers. Under the new legislation, businesses will be liable even in cases where…
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Is Making Tax Digital going to happen?
This is the question being asked by some commentators following the announcement this week that the 2017 Finance Bill has been cut from 762 pages to just 140. The cull of legislation is as a direct result of the Snap Election called for June and the Treasury has said that the reduced bill includes only…
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How to manage VAT surcharges
The Default Surcharge is often seen as a blunt instrument in the battle to improve taxpayer compliance. However a helpful decision on managing Default Surcharges was released earlier this month. The case was heard by the Upper Tribunal so it sets a precedent which HMRC have to follow. A Default Surcharge is the term given…
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Further International Award for Burgis & Bullock
We are delighted that our Team have been recognised with our first award of 2017, having named among this year’s winners, in the Corporate Vision Global Excellence Awards as: Most Outstanding Chartered Accountancy Practice – Midlands. The Global Excellence Awards is one of Corporate Vision’s most popular and wide-reaching programmes, based on quantitative and qualitative research,…
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A 20-year Business Partnership – Flowmeters, Finances and Friendship
Today’s blog has a slightly different twist and was written by our clients Katronic: In the 20 years since Katronic started, many things have changed, but some have not. As the company has grown and evolved certain people, and partnerships have flourished along with the expansion of the organisation. The black and white picture above,…
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Can you be charged a VAT Penalty where you’re caught up in a fraud?
Last autumn HMRC published a consultation document asking for views on a new penalty for participating in VAT fraud. The Budget confirmed that the new penalty is due to come into force when the Finance Bill receives Royal Assent later this year. But I’ve not been fraudulent! This is a significant development because the new…
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Martin Clunes loses right to remain anonymous at tax tribunal
TV celebrity Martin Clunes has recently lost his case at a First Tier Tribunal (FTT) to keep his name and details private in a forthcoming tax appeal over whether he is entitled to offset the cost of cosmetic surgery against his earnings when working out his income tax liability. The tribunal heard that Clunes will argue he underwent…