-
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…
-
HMRC reverses its policy on surrenders
HMRC have recently released a business brief in which they confirm their acceptance that, in appropriate circumstances, the surrender of a lease can be treated as, or be part of, a VAT free transfer of a going concern. This change of policy means that claims can now be made for refunds of overpaid VAT on…
-
Top 7 Valuation Blunders
Valuations are needed for a wide range of reasons – when buying or selling a business, to resolve shareholder disputes, divorce settlements, buy-outs, or for tax purposes. In these cases, getting a valuation opinion from a non-specialist may be a seemingly quick and cheap option. But in our experience it invariably leads to poor advice,…
-
Auto-Enrolment is here – what do you need to do?
Pension auto-enrolment and your duties as an employer All employers will have to enrol worker in a pension scheme and both will have to make contributions. A worker can opt out and if they do so, no contributions need to be made. It is now an offence to persuade a worker to opt out of…
-
HMRC – Guilty of slow play regarding golf club case
Across the UK, Members Golf Clubs are still waiting for H M Revenue & Customs (“HMRC”) to make an announcement of its position regarding the decision of the Court of Justice of the European Union (“CJEU”) in the case of the Bridport & West Dorset Golf Club Limited. As you will recall, the CJEU has…
-
Warning! Proposed Changes to Private Residence Relief
HMRC is currently consulting on its proposals to extend the scope of capital gains tax to include non residents selling UK residential property. Contained within the consultation document are proposed changes to the operation of principal private residence relief (PPR), which would have wider implications for UK residents owning more than one home. Currently, when…