-
Customs Duties to be modernised by the ECC
Alongside weightier matter like the correct length and shape of a banana, the EC Commission have been busy agreeing the final text for the Union Customs Code (UCC) [formally the Modernisation of the Customs Code MCC], of goods and materials, which is now scheduled to enter into force on 1 November 2013. This has been…
-
Tax Man admits errors can happen!
For some years H M Revenue & Customs (HMRC) have had a method whereby they could reduce tax liabilities in cases where errors had been made by their own staff. This concession (ESC A19) effectively gives a taxpayer the right to request HMRC reduce (or even eliminate) tax bills where the revenue staff have not…
-
How to apply for local government contracts
In a recent initiative supported by the Local Enterprise partnership, Councils across the Coventry & Warwickshire regions have joined together to launch an online portal to encourage local business to tender for local government contracts. The initiative called CSW-JETS (Coventry, Solihull and Warwickshire’s Joint E-Tendering System) has been launched on www.csw-jets.co.uk requires businesses to first register…
-
Small Business loses out
Recent research has concluded that small and medium sized enterprises (SMEs) in the UK are losing out on up to £122 billion in sales revenue by failing to keep on top of their marketing. The research, carried out in association with the Centre for Economics and Business Research (CEBR), found that despite 87 per cent…
-
Happy Birthday VAT!
On the 1 April 1973 VAT was introduced into the United Kingdom. “VAT is a simple tax” said Anthony Barber (with his fingers crossed behind his back). I was 17. I was happy. I was naive. I put on my Careers Guidance forms that I wanted to be a vet. My handwriting was poor and…
-
Corporate Finance team advises client on major engineering acquisition
Burgis & Bullock Corporate Finance has advised The Engineering Technology Group on its acquisition of the UK machine tool sales, spares, and servicing division of Hardinge Inc. The deal doubles the size of ETG which will have annualised turnover approaching £30m. The Engineering Technology Group supplies high specification machine tools and fixtures and provides engineering…
-
Can I borrow money from my company pension scheme?
Many small companies continue to find it hard to obtain finance and although interest rates are at an all-time low, lending rates (where you can find them) remain stubbornly high so it would useful to find another source of funds. Owner-managed limited companies can look to use their pension funds to help the company grow. In particular,…
-
Budget 2013 – non tax changes
Following the earlier blog on the more major changes in taxation announced in the 2013 Budget, the following (although including some taxation references) are essentially the other announcements made in the 2013 Budget. Help for home buyers Two schemes are available. Help to buy: equity loan This scheme will run for three years from 1…
-
Budget 2013 – Tax Implications
Following our successful Budget Update events today, I’ve been asked to post some of the headline tax changes announced by George Osborne. The full list of rates and allowances is available to download elsewhere on our web site and on the FREE Burgis & Bullock mobile APP at the following link. Personal tax allowance 2014-15 The coalition…
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 