-
Have you had a letter from HMRC? Are you subject to the High Income Child Benefit Charge (HICBC) – or perhaps not?
HMRC have recently issued an estimated 30,000 letters to higher rate taxpayers it suspects of not having repaid their Child Benefit. The letters appear to have been written to those individuals who said they had received child benefit and earned over £50,000 in 2012/13, but who did not themselves actually pay the high income child…
-
Micro Businesses Booming
A recent report by insurance group RSA has found that the number of micro businesses in the UK has grown by 43% since 2000. Micro firms are defined as businesses employing less than ten employees. The research found: 1.4 million new micro firms have launched since 2000 micro firms are the only size category to have…
-
Trio of Awards for Burgis & Bullock
We are delighted to announce that we are currently celebrating triple award success for our tax and corporate finance teams. The firm was recently voted “West Midlands Corporate Finance Team of the Year” at the Acquisition International Finance Awards 2014. Now, the firm’s role advising the shareholders of Nuneaton based Ingleby Care Limited on the…
-
£15.1billion owed to HMRC due to ineffective debt management
A vast amount of money is owed to Government, and H M Revenue & Customs (HMRC) in particular, due the lack of a strategic cross government approach to the managing of that debt and getting more money paid to the Exchequer. So say the Public Accounts Committee. HMRC was owed £15.1 billion of the £22…
-
Ability to recover VAT on costs incurred by companies restructuring and refinancing dealt a blow by taxpayer loss at Court of Appeal
The decision of the Court of Appeal in Airtours Holidays Transport Limited (formerly MyTravel) (“Airtours”) regarding VAT recoverability on costs relating to restructuring and refinancing has just been released. This case has important implications for businesses that are currently being challenged in this area in both the corporate and private equity M&A sphere. Key points…
-
Auto Enrolment – Are you ready?
Auto Enrolment is here! Employers will have to enrol their workers into a pension scheme and both employer and employees will have to make contributions. The regulations are complex and penalties for not getting it right are hefty. This is why Auto Enrolment is key. With an average of 33 administrative tasks to perform, the…
-
Persistence is key with VAT Man
The First-tier Tribunal (FTT) has recently rewarded a taxpayer’s persistence by allowing the company’s appeal against a default surcharge. The FTT found that the taxpayer had agreed a time to pay arrangement with HMRC and as a result had a reasonable excuse for the late payment of VAT. When Princi London Ltd made a VAT…
-
Demands for tax scheme payments are imminent
In a major advance for the Treasury, MP’s have given their final support for radical reforms outlined in the Budget which will allow HMRC to issue tax demands to individuals and companies who have participated in tax planning schemes which are disclosable under the Disclosure of Tax Avoidance Schemes (DOTAS) rules, or subject to the…
-
Global Ambition
The TAG Alliances, an international professional services alliance of which Burgis & Bullock is a member, is in the premier league of global associations according to a leading industry report. The authoritative Accountancy Age survey released this week ranks the TAG Alliances as one of the top three independent professional alliances in the…
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
Read more
free making tax digital briefing 