HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MOREUK restaurants going bankrupt at faster rate than during Covid
UK restaurants are going bust at a faster rate than during the Covid crisis owing to a “toxic mix” of surging energy costs, staff shortages and falling bookings.
Closures in the sector rose by 60%, with 1,567 insolvencies over 2021-22, up from 984 during 2020-21, according to a study by the advisory firm Mazars. The figure includes 453 over the past three months, up from 395 in the previous quarter.
“Insolvencies of restaurant businesses are now happening at a far faster rate than during Covid,” Rebecca Dacre, a partner at Mazars, said. “It is a very toxic mix of rising input costs, sharply rising finance costs and weak demand. Most restaurateurs have not seen this combination of negative factors before.”
Read more at The Guardian
Previous
SMEs have 3 months to register unresolved banking complaints with the BBRS
Next
Solve worker shortages with immigration - CBI boss
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE
With bitcoin hitting new highs, it’ll likely reach the US$100,000...
Cryptocurrencies are surging again. Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing...
READ MORE