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Staff shortages: increased wages to entice workers could mean higher prices for customers

Staff shortages: increased wages to entice workers could mean higher prices for customers

by Gary Woosey | Aug 16, 2021 | Covid-19

Due to the ongoing staff shortages caused by the pandemic, UK restaurants have had to increase employee wages to entice chefs and waiters – which could mean higher prices for customers. According to recent data, four of the biggest UK restaurant chains have...
Labour shortages could impact UK’s economic recovery, says experts

Labour shortages could impact UK’s economic recovery, says experts

by Gary Woosey | Aug 10, 2021 | Covid-19

A recent report on the latest business trends suggests that despite the surge of hiring among UK firms in July, the lack of working employees could still threaten the UK’s economic recovery. These staff shortages are a result of Brexit and pandemic-related factors,...
150,000 businesses owe HMRC £2.7 billion in deferred VAT payments

150,000 businesses owe HMRC £2.7 billion in deferred VAT payments

by Gary Woosey | Jul 29, 2021 | Tax

HM Revenue and Customs (HMRC) reported that 150,000 UK businesses have not yet made arrangements to pay back deferred VAT payments, and therefore owe the department £2.7 billion.  As of 30 June 2021, nine per cent of the total VAT deferred by businesses during the...
Guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS) published

Guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS) published

by Gary Woosey | Jul 19, 2021 | Covid-19

HM Revenue & Customs (HMRC) has published detailed guidance for the fifth round of the Self-Employment Income Support Scheme (SEISS), which will open for claims in the coming weeks. Instead of announcing a specific date on which the new round of the scheme will go...
Corporate Insolvency and Governance Act 2020 – the changes in 2021

Corporate Insolvency and Governance Act 2020 – the changes in 2021

by Gary Woosey | Jul 12, 2021 | Uncategorized

Some temporary relief measures introduced under the Corporate Insolvency and Governance Act 2020 (CIGA) are extending, the Government announced on 16 June 2021. CIGA was introduced in June 2020 to support companies facing the threat of insolvency during the height of...
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