Monthly Archives: July 2020

Making Tax Digital – getting prepared

We have been waiting for some time for government to announce an extension to its Making Tax Digital (MTD) program; this they did last week. What is MTD? HMRC are keen to digitise the collection of information to calculate your tax liabilities. At present they are reliant on you submitting a variety of tax returns…
Read more

Brexit – get someone to deal with customs for you

It seems fairly likely that we are heading for a no-deal exit from the EU, 1 January 2021. Many smaller businesses that presently import or export goods from and to the EU will need to deal with a complex raft of customs and VAT issues if they continue trade with the EU after this date.…
Read more

Losses and loans

Many businesses in vulnerable sectors may have slipped into a loss making position following lock-down. Some of those businesses may have availed themselves of government backed “soft” loans to provide them with the cash-flow to survive the process. Even with rigorous planning to reduce costs, furlough employees and benefit from other COVID related grants, businesses…
Read more

Audiences back in theatres from 1 August

Social distancing will be challenging theatre and other performance arts facilities as they grapple with the news announced last week that indoor performance with socially distanced audiences will be able to take place across the country from 1 August 2020. The idea that an audience can be socially distanced is mind boggling, adds a whole…
Read more