£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...

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...

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,...

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...

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...
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