The hard-pressed hospitality industry is facing some difficult choices after the temporary cut in VAT to 12.5 per cent reverted to the full 20 per cent. It will result in double-digit price increases for consumers as operators struggle to survive, leading industry body UKHospitality says.
Category Archives: Business
Ready to kick start your own business?
Deciding to start your own business can feel like a leap of faith but being prepared for the steps you will need to take can ameliorate this lack of confidence. Continue reading
How can your business boost its revenue?
Raising revenue is often one of the key objectives for small and medium-sized businesses (SMEs), however it can be a difficult process to navigate.Continue reading
Payroll: how to get it right
One of the key things that small and medium sized businesses (SMEs) need to get right is payroll.Continue reading
End of tax-free shopping: what is the impact on tourism?
Following Brexit, the UK removed tax-free shopping for tourists which is now having an impact on Britain’s prospects as an international shopping destination, new research reveals.Continue reading
Almost one million taxpayers handed late submission penalty after missing Self Assessment deadline
Nearly one million taxpayers have been fined after failing to submit their tax return on or before the 28 February Self Assessment deadline, it has been revealed.
How would an Online Sales Tax affect your business?
The UK Government is set to assess whether to introduce an Online Sales Tax (OST) as a solution to the tax imbalance in the retail sector.Continue reading
Here’s how you can claim the 2022 council tax rebate
Households must set up a direct debt with their local council before they can receive the 2022 council tax rebate, it has been confirmed.
Nearly 100,000 taxpayers spread cost of tax bill into manageable monthly instalments, HMRC reveals
Nearly 100,000 taxpayers used HM Revenue & Customs’ (HMRC) Time to Pay self-serve facility to spread the cost of their 2020/21 tax bill, it has been revealed.
Marriage allowance and how you can save on your tax bill
The Beatles sang about All You Need is Love, but in a week that includes Valentine’s Day, that love could come in the form of tax relief through Marriage Allowance.
