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Conditions for claiming Bad Debt Relief

Conditions for claiming Bad Debt Relief

The VAT bad debt relief rules allow businesses to claim bad debt relief and reclaim the VAT they have paid to HMRC. This can happen when an invoice has been issued to a customer and no payment has been received after an extended period of time (usually 6 months after the due date) has elapsed.

Certain retail outlets given green-light to re-open

Certain retail outlets given green-light to re-open

The government has started the slow process of reopening selected businesses as we continue to face restrictions in almost all aspects of daily life. The reopening of retail outlets reflects the acceptance that life for the foreseeable future will operate under what is being referred to as the ‘new normal’ complete with social distancing and other measures.

02 Jun 2020 Posted by Other
New code of practice for High Street businesses and their landlords

New code of practice for High Street businesses and their landlords

The government has announced that a new code of practice is to be published for High Street businesses and their landlords to help provide clarity and reassurance over rent payments. A new working group has been setup with leading businesses and trade associations to develop the new code of practice.

02 Jun 2020 Posted by Other