Retail

The UK’s service sector has seen strong growth in this post industrial era. Recent years, however, have been difficult for those in the Retail, as the recession and internet shopping have  presented fresh challenges.

We have identified this sector as one where we have particular experience and expertise. Retail clients will usually be particularly interested in:

Compliance Services

Outsourced Services

Advisory Services

  • Protecting valuable assets and your personal wealth from potential insolvency,
  • Pro-active business and personal tax, finance and structure advice,

Meeting with one of our partners or managers for a free initial consultation should be your starting point. This will enable you to explain your circumstances to us and identify the areas in which you require assistance.

Client Review

Whitings have looked after our shop business for many years, helping with payroll, VAT and general taxes. They always have an eye on improving the business for the future.



 
Latest Blogs in Retail
 
Ian Piper
8th December 2020 BREXIT: Is your SME ready?

As 1-Jan-21 draws ever nearer what changes should your SME business prepare to adopt ready for Brexit: Exporting Goods to the EU  Despatches are renamed exports. Apply for an EORI number (which will look something like: GB123456789123). Check whether what you sell is a restricted good that requires an export licence. Check whether there are…

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Steven Denton
15th October 2020 Job Retention Bonus (JRS)

HMRC have announced more details on the Job Retention Bonus scheme they set forth in July. The JRS allows an employer to claim a one-off payment of £1000 per employee furloughed and claimed for through the CJRS and kept employed until at least 31st January. This money is to be paid to the employer and…

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Ian Piper
9th October 2020 Pre-Packs: All change?

After many years of perceived abuse, the Government has announced that they are soon to introduce new laws to require stricter, independent, scrutiny (by an ‘Evaluator’) where connected parties purchase a failed business out of  administration (a Pre-pack). In announcing the move, the government said that while pre-pack administration sales are widely considered to be…

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Lisa Smith
10th August 2020 Covid-19 – VAT complexity of Eat Out to Help Out Scheme

  From 3 to 31 August 2020 businesses that offer a discount under the The Eat Out to Help Out Scheme are able to claim the discounted amount back from the Government.   Whilst on the face of it you might expect VAT only to be payable on the discounted amount, in-fact VAT is payable…

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Lisa Smith
13th July 2020 COVID-19 – Eat Out to Help Out Scheme

Following the Chancellor’s recent announcement, HMRC has issued guidance for businesses to register for the Eat Out to Help Out Scheme, which will enable them to offer a discount to diners from 3 August 2020.   The Scheme can be used:   all day every Monday, Tuesday and Wednesday from 3 to 31 August 2020,…

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Lisa Smith
9th July 2020 VAT savings for the hospitality and tourism industries

As part of the Government’s measures to try to stimulate the economy, the Chancellor has announced a reduction in the rate of VAT payable by the hospitality and tourism industries.   From 15‌‌‌ ‌July 2020 until 12‌‌‌ ‌January 2021, the rate of VAT will be reduced to 5% on any eat-in or hot takeaway food…

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Daniel Coleman
23rd May 2018 The Journey Begins – Exciting new business opens in St Neots

A lot of our blogs are about rules and regulations, however something that happens often in our world is that we get the fantastic opportunity to be part of a new business venture for one of our clients. Shume Bottle Emporium – is a beer shop specializing in locally brewed beer, cheese, coffee, gin and…

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Lisa Mason
8th March 2018 National Minimum Wage Rates

  Effective from April 2018 the National Minimum Wage rates will be increasing again, as per the below figures: Workers aged 25 years or more: £7.83 per hour Workers aged 21 to 24 years: £7.38 per hour Workers aged 18 to 20 years: £5.90 per hour Workers aged under 18 (but above compulsory school age):…

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Mark Haydon
8th November 2016 Update: Nov-16

Whitings’ Newsletter: Nov-16 The general practice team at Whitings have produced their latest newsletter, to keep clients updated on relevant recent changes to tax and related legislation: November 2016

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Karen Moore
2nd November 2016 Statutory Sick Pay (SSP)

The Government today announced plans to review SSP, to encourage supportive discussions and phased returns to work. The proposed plans included in this green paper include:

  • Encouraging employers to work with their employees with long-term health conditions, to stop them from falling out of work,
  • A review of Statutory Sick Pay and doctors fit notes, to support workers getting back to work faster, and for longer,
  • Work Capability Assessment reform, via the launch of a consultation,
  • A debate about recognising the value of work as a health outcome.

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