A Guide To HMRC’s New VAT Penalty System

A Guide To HMRC’s New VAT Penalty System

Previously, if you missed a VAT submission deadline, HMRC would issue an automatic fine / penalty.  This has now changed and increased in complexity – There are now three elements to consider: Penalty points for late filing; Penalty charges for late payment and...
Omicron Financial Support – Coronavirus

Omicron Financial Support – Coronavirus

This week the Government has introduced new support measures to assist businesses suffering this winter as a result of the Omicron variant. Grants For Hospitality and Leisure Solvent businesses in the Hospitality and Leisure industry in England will be eligible for...
Budget – October 2021

Budget – October 2021

Many of the Autumn budget announcements today will have a direct impact on the hospitality industry. We have included a summary of the key points below. Hospitality Discount Business Rate  Sunak has confirmed a new 50% business rate discount for companies in...
Energy Saving Tips for Hospitality

Energy Saving Tips for Hospitality

With the energy prices soaring and other costs rising, it’s crucial hospitality business owners have energy saving tips at their disposal to minimise costs.  See our pointers below to ensure you’re being as energy efficient as possible – These small ‘common...
COVID-19 – VAT Changes & Furlough Update

COVID-19 – VAT Changes & Furlough Update

VAT Changes The VAT rate on food, non-alcoholic beverages, bar snacks and accommodation was reduced to 5% in July 2020 as part of the government’s rescue package to help businesses during the Covid19 pandemic.  As of the 1st October 2021, VAT rates on Food, Drink...
A Guide To HMRC’s New VAT Penalty System

VAT Deferral New Payment Scheme

[av_textblock size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” id=” custom_class=” av_uid=’av-kpr48536′ admin_preview_bg=”] VAT Deferral New Payment Scheme...
Omicron Financial Support – Coronavirus

National Living & Minimum Wage Increase

[av_textblock size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” id=” custom_class=” av_uid=’av-ko20vsmh’ admin_preview_bg=”] National Living & Minimum Wage...