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How will new tax rules on interest affect landlords?
The recent Summer Budget 2015 contained one or two unpleasant surprises, especially if you are a landlord and liable to higher rate tax. Chancellor George Osborne announced that the Government will restrict the amount that landlords can currently claim on loan interest payments from April 2017. According to the Chancellor, this will “create a more…
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The changing strategy of emerging-market acquirers
There was a very interesting article published recently by McKinsey, the global management consulting firm, about the changing M&A profile of emerging-market acquirers. The article’s insights should be taken into account by any business owner who is developing their exit strategy and considering where to find potential buyers. Emerging-market companies have been key acquirers in…
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The Summer Budget brings in a real increase in tax on dividends of 7.5%
A significant but perhaps less publicised change announced by the Chancellor last week was that if you are earning more than £5,000 in dividends you will be subject to an increase in tax. Notional dividend tax credits are to be abolished and the rate of tax on dividends will be increased to 7.5%, 32.5% and…
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Are you missing out on Tax Relief on Patents?
UK Patent Box allows 10% corporation tax for sales of patented products and patent royalties; existing regime to be closed for new companies in June 2016 but available for five more years to those who have opted in. Background: Companies that own or have an exclusive licence over patents granted by the UK Intellectual Property…
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Engineering a bright future
One of the UK’s fastest growing companies has successfully completed a secondary management buy-out that was arranged and structured by Burgis & Bullock Corporate Finance. The Engineering Technology Group supplies high specification machining centres and fixtures and provides engineering services to manufacturers in the automotive, aerospace, and other specialist industrial sectors. Turnover has increased by…
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Is Pension Tax Relief about to be cut?
It has been rumoured that in the upcoming budget on 8th July that one of the chancellors target areas could be restricting the higher rate tax relief on personal pension contributions made by higher earners. For those individuals with incomes in excess of £150,000 the Conservative government proposes to reduce the annual allowance to…
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Retailer liable to pay VAT on value of clothes given to employees to wear while working in the shops
The First-tier Tax Tribunal (FTT) has decided that French Connection is liable to account for VAT on the cost of its clothes given to employees to wear whilst they are working in the shops. However VAT was not due on the charge made to employees who left within three months of the start of a…
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Burgis & Bullock Attends TIAG International Conference in Scotland
The Future of Europe, Energy Industry Outlook, and Cross-border Dispute Resolution are among the topics covered. Grant Howard and Gill Yates recently attended TIAG’s 24th international conference in Edinburgh, Scotland. The conference, which took place on May 4-6, 2015, provided TIAG® members with the opportunity to strengthen the relationships they create within the alliance of…
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Grant Funding for Rural Businesses
A recent growth programme has been issued by the Department for Environment, Food and Rural Affairs. The European Growth Programme explains what you must do to apply for a grant, how grant applications are assessed and how to meet the terms of a grant funding offer if your application is successful. The European Growth Programme provides…
Understanding your business finances is about far more than meeting your statutory obligations. While many business owners focus on sales and turnover, a deeper understanding of profitability, cash flow and overall financial performance can lead to better decision-making and long-term business success. The financial statements produced by your accountant can …
August 14, 2026
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