HELPING UK BUSINESSES IMPACTED BY COVID19
Updated 23.3.20 The information below is kept under continuous review and is updated often. For business owners, the next months are going to be uncertain and disruptive. Many will be pushed to the brink of insolvency, while others will survive…
The latest data suggests the estate agency sector – and in particular traditional estate agents operating out of premises – are going insolvent at the rate of 10 per week. Property management firm Apropos by DJ Alexander conducted the data…
According to new research by accountancy firm Hacker Young, insolvencies in the British hotel industry have reached a five year high, up 60% on the previous year. 2019 saw 144 insolvencies in the sector, their report suggests, as opposed to…
East Midlands-based airport Flybmi collapsed earlier this week leaving hundreds of passengers stranded overseas. With the failure of the UK’s fifth biggest airline Monarch just last summer, and Flybe recently being sold for just £2.2m, it’s clear that the UK’s…
As if Brexit and Making Tax Digital wasn’t enough for British businesses to contend with, some experts think this year’s budget will see a reduction of the VAT threshold to 43 thousand, down from it’s current 85,000 mark. Hammond’s decision,…
2018 is likely to be remembered as the year when global tax systems finally woke up to the digital age. In addition to Philip Hammond’s announcement of a sales tax on big tech, the EU has just pushed through its…
This article was written in 2019, before the coronavirus send a further jolt through the already beleaguered pub industry. As of March 2020, Coronavirus means pubs are forcibly closed. While the government has put a generous package in place to…
There’s more turmoil on the high street following the last minute reprieve for the House of Fraser department stores. This time it’s Homebase, the struggling DIY chain, that’s preparing to announce the closure of up to 80 of its 250…
With current corporation tax laws taxing businesses on the basis of a physical rather than a digital presence, tech giants like Facebook, Amazon and Apple continue to generate enormous profits in Europe, while paying very low tax. As an example,…
HMRC has recently introduced new powers that will make it easier to trace and collect the VAT generated by transactions that take place on digital marketplaces. Online VAT fraud has long been a problem for HMRC, but the new measures…
