HMRC
Reporting covers tax policy, compliance requirements, enforcement activity, and guidance relevant to hospitality operators, including VAT rules, PAYE obligations, National Insurance, furlough audits, and Making Tax Digital. Designed for restaurant groups, pub companies, and catering businesses, this coverage helps finance leads and owners navigate responsibilities, avoid penalties, and stay informed on changing legislation.
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Feb- 2021 -23 FebruaryTrade Associations
UKH: Sector ‘devastated’ by late reopening date
UKHospitality has claimed that the sector is “devastated” by the late reopening date for hospitality, adding that the chancellor has “just nine days” to save thousands of businesses and hundreds of thousands of jobs that simply “will not be there” without a substantial package of compensation. The news follows the…
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11 FebruaryCoronavirus
Hospitality should prepare for ‘turbulent year’, says Duff and Phelps
Business owners across the hospitality and leisure sectors throughout the UK need to “take stock” and prepare themselves for yet another turbulent year, says Duff and Phelps. The message comes as the financial solutions provider believes there is “no sign” of current restrictions easing. It comes as current reliefs such…
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Nov- 2020 -26 NovemberBusiness
Hospitality businesses claim £849m through EOTHO
Hospitality businesses claimed £849m through the Eat Out to Help Out scheme (EOTHO) providing discounts for over 160 million meals in August, new government figures show. According to HMRC, over 52,000 businesses registered for the scheme and 49,000 of these had made a claim for the scheme by 30 September.…
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Oct- 2020 -8 OctoberNews
Shepherd Neame operating as ‘profitable and cash generative’
Pub chain and brewery Shepherd Neame announced that the business has been “profitable and cash generative” since pubs reopened on 4 July. The Faversham-based brewery has bounced back from the financial hit taken during the previous financial year to 28 June, mainly due to initiatives such as the Eat Out…
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7 OctoberBusiness
Businesses must check furlough inaccuracies before HMRC deadline
Businesses using the furlough scheme have been urged to “thoroughly check” their claims for inaccuracies before HMRC’s cut-off date to avoid the risk of fines or prosecution. Accountancy firm Kilsby Williams issued the warning after HMRC sent letters to a growing number of businesses to inform them of potential errors…
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Sep- 2020 -8 SeptemberCoronavirus
Up to £3.5bn furlough claims fraudulent, says HMRC
Up to £3.5bn in payments from the Coronavirus Job Retention Scheme may have been claimed fraudulently or paid in error, according to the HMRC. Jim Harra, HMRC’s permanent secretary, appeared before MPs on the Public Accounts Committee to discuss the tax authority’s estimates that 5-10% of furlough claims have been…
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3 SeptemberComment
HMRC and Covid-19: One hand giveth, the other taketh away
One hand giveth HMRC was responsible for overseeing and implementing the Government’s Coronavirus Job Retention Scheme (“CJRS”) and other furlough schemes. Its ensuring that monies were paid under the Government’s various furlough support schemes has been impressive. Although the guidance on who was entitled to monies under the CJRS was…
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Aug- 2020 -11 AugustGovernment
10.5 million meals claimed under ‘Eat Out to Help Out’ scheme
Some 10,540,394 million meals have been claimed under the ‘Eat Out to Help Out’ scheme, according to new research from HMRC. Will Broome, founder and CEO of retail tech firm Ubamarket, said that with 83,068 restaurants now having signed up to the scheme the figures from the first week are…
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Jul- 2020 -9 JulyCoronavirus
Arrest over suspected furlough fraud
A West Midlands man has been arrested as part of an HM Revenue and Customs (HMRC) investigation into a suspected £495,000 Coronavirus Job Retention Scheme (CJRS) fraud. HMRC officers executed a search warrant yesterday (8 July 2020) in the Solihull area and arrested the 57-year-old. This is the first arrest…
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Jun- 2020 -30 JuneCoronavirus
Government confirms changes to ‘flexible’ furlough scheme
The UK government has confirmed the latest set of changes to its “flexible” furlough scheme – dubbed CJRS V2 – ahead of its launch of the 1 July. HM Revenue and Customs has set out the new guidance as the current version of the Coronavirus Job retention Scheme (CJRS) ends…
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