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.
-
Apr- 2020 -6 AprilAdvice
VAT Deferral – What if I can’t get to the office? – MHA MacIntyre Hudson comments
The VAT deferral scheme is automatic but this fact has lulled some businesses into thinking they don’t need to complete a VAT return. It’s easy to think this is no longer necessary, especially as the national shutdown means many businesses can’t physically get to their offices, or have furloughed the…
Read More » -
Mar- 2020 -30 MarchCoronavirus
Carluccio’s enters administration
Geoff Rowley and Phil Reynolds, partners at specialist business advisory firm FRP, have been appointed joint administrators of Italian restaurant chain Carluccio’s. The directors of the company said they made the decision to place the chain into administration after a “sustained period of challenging trading conditions”, which have been “exacerbated”…
Read More » -
27 MarchComment
What we know about furlough leave and the CJRS
HMRC published details of the Coronavirus Job Retention Scheme (CJRS) on 26.3.20 which are available here: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme Key points include: Employees that employers can claim CJRS for For the purposes of CJRS, the definition of employee would include workers and agency workers provided they are subject to PAYE i.e. this…
Read More » -
24 MarchBreweries and Distilleries
March Beer Duty payment to go ahead
Chancellor of the Exchequer Rishi Sunak has confirmed that the March Beer Duty payment will not be cancelled, leaving thousands of small independent breweries “under threat”. This is according to the Society of Independent Brewers (SIBA), which called the chancellor’s decision to collect March’s Beer Duty payments as “incredibly disappointing”…
Read More » -
24 MarchBusiness Bites
The furloughs and loans are useless to small businesses
The small business community has been watching with great hope to see if the government will introduce measures that are useful for them to survive this period. Alas, those announced are absolutely useless for small companies, which make up an extremely significant portion of the UK economy. Coronavirus Business Interruption…
Read More » -
24 MarchCoronavirus
Coronavirus Job Retention Scheme – Advice for Employers
Key points include: – Furloughed workers should not undertake any work for the company, including answering calls or emails – JRS should not interrupt an employees’ continuity of service – Annual leave will continue to accrue – Grants should be structured so no PAYE tax or national insurance contributions are due…
Read More » -
12 MarchComment
Coronavirus: How to mitigate revenue and footfall declines
This week, UK trade body UKHospitality called on the government to support the hospitality industry as it deals with the ongoing and wide-spread threat of the coronavirus. Latest figures released by the trade body state that eating and drinking out has declined by 7%, while forward bookings across hotels, restaurants,…
Read More » -
Feb- 2020 -10 FebruaryBusiness
HMRC yields £16 from small businesses for every £1 spent on staff
HMRC’s investigations into individuals and small businesses produced a yield of approximately £16 for every £1 spent on staff last year, according to research by international law firm Pinsent Masons. The firm said the “huge” return on investment in staff outweighs returns seen by other private sector businesses. Whilst HMRC’s…
Read More » -
3 FebruaryRestaurants
Administrators close Mayfair’s The Square restaurant
RSM Restructuring Advisor has been appointed as administrators to three companies within the Marc Limited restaurant group. As a result, Michelin-starred The Square restaurant in Mayfair, which employed 31 staff, has now closed, after administrations were appointed to its operator Dailyrare Limited. The other affected companies include Mortons the Restaurant…
Read More » -
Jan- 2020 -8 JanuaryRegulations & Policies
Directors of Poole steakhouse banned for tax offences
Three directors from a steakhouse in Poole have been disqualified for a total of 18 years after submitting inaccurate tax returns. Jalal Ahmed (50) of Southsea, Satokh Singh Dhanda (62) and Mohammad Motiur Rahman (56), both of Southampton, were directors of the Rancho Steak House Ltd. The business, formerly of…
Read More »
