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Hospitality ‘generally optimistic’ despite COVID-19 disruption, study finds
In a recent article for Catering Today, Gareth Ogden, Partner, discusses the challenges facing the hospitality sector. To read the full article, click here.
Hotels, restaurants and pubs ‘optimistic’ about bounce back in trading
In a recent article for MSN, Gareth Ogden, Partner, discusses the challenges facing the hospitality sector. To read the full article, click here.
COVID-19: HMRC Time to Pay arrangements
The uncertainty surrounding COVID-19 has left many reviewing personal and business cashflow forecasts for the coming months.
Coronavirus Job Retention Scheme update
This article was last updated on 3 March at 11:00.
Budget 2021 highlights
The Chancellor Rishi Sunak delivered his second Budget earlier this afternoon, setting out his three-point plan to protect jobs and livelihoods, fix the public finances and build the future economy. Tax thresholds and allowances have been frozen, but key tax increases are delayed to another day.
Budget: VAT
The reduced rate of 5% VAT which was brought in to support the hospitality sector will remain in place until the end of September 2021.
Budget: UK’s domestic legislation
Today’s Budget includes a repeal of the UK’s domestic legislation implementing the EU Interest and Royalties Directive (IRD), effective from 1 June 2021. This legislation (sections 757 to 767 of the Income Tax (Trading and Other Income) Act 2005) provided an exemption from withholding tax on intra-group interest and royalty payments from UK to EU companies. Taxpayers should therefore […]