£4bn VAT reduction starts Now
Nigel Holland "The reduction in VAT from 20% to 5% for hospitality and accommodation businesses starts today.The saving could amount to on average £160 per year per person according to the Treasury.The saving does not necessarily need to be passed onto the customer...
Gov lifts easement measures to suspend voluntary strike off
Nigel Holland "The government introduced temporary easement measures to suspend voluntary strike off action in response to coronavirus. These measures have now been reversed.This is further indication that the business world is slowly getting back to normal.There will...
VAT reduction for hospitality, accommodation and attractions
Nigel Holland " The reduction in VAT from the normal 20% to 5% is a temporary measure introduced by the Government . It should provide a much needed boost to businesses in the hospitality and accommodation sector. It also includes a reduction in VAT to admission of...
Register your establishment for the Eat Out to Help Out Scheme
Nigel Holland "This is a new scheme which the government is trying out. It should provide a boost to the restaurant trade.It expires on 31 August 2020 and alcohol and service charges are excluded.The scheme is part of the government's Covid-19 mini budget, announced...
More Gov help for Business
Nigel Holland "The government has stepped in again with a massive boost for Business.It is a mini budget for jobs which will cost £2bn. Stamp duty is cut as is VAT.Employers will also gain."Nigel Holland Plans include a new £2bn scheme to create thousands of job...
Calls for scale back of Government spending
Nigel Holland " Government spending has already hit record levels. There are now calls to reign in this spending. Some analysts are saying that it is only storing up problems for the future."Nigel Holland Financial Times...
Kid’s ISA is a good way of saving
Nigel Holland " ISA planning for kids should be carefully made. They are a very tax efficient way to help save for their future.They have been around for some time now. Anyone can contribute to a child’s account at any time up to the annual limit."Nigel Holland Kids...
Errors by HMRC
Nigel Holland " People should check their tax credits after an HMRC error. More than one million renewal notices have been sent to homes by HMRC and they have incomplete information. Human error has resulted in missing income information on the forms.A lot of...
Spend, Spend, Spend
Nigel Holland " The Government are planning on a massive spending spree to help the economy. Boris will set out plans to accelerate spending on infrastructure projects.This is similar to the US spending by Roosevelt after the 1929 crash. The aim of this spending spree...
Moratorium application
Nigel Holland " Many limited companies are experiencing severe cash flow problems at the moment and are on the brink of closure.The Government rules which were published today over applications for a moratorium under the Corporate Insolvency and Governance Act 2020...