50 note gets new lease of life

£50 note gets new lease of life

The Treasury has confirmed that the £50 note will continue to be part of the UK’s currency, and further, that the Bank of England will reissue it as a new modern polymer note. According to Treasury sources this will help clamp down on crime. The announcement follows a public consultation and the government has confirmed … Read more

Saving the High Street

Saving the High Street

In his Autumn Budget delivered 29 October 2018, Philip Hammond made a number of promises including measures to improve the lack-lustre retail sector in our High Streets. There is no doubt that the major online retailers have caused a major shift in the way we shop. As faster broadband has become more commonplace, and the … Read more

Passport issues if a “no-deal” Brexit

Passport issues if a “no-deal” Brexit

Guidance on the use of a British passport to travel abroad after 29 March 2019, if there is a “no-deal” Brexit, was issued by government in September. The pertinent facts are reproduced below: After 29 March 2019, if you’re a British passport holder (including passports issued by the Crown Dependencies and Gibraltar), you’ll be considered … Read more

Invoice discounting with larger customers

Invoice discounting with larger customers

Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow. Cynically, this could be seen as a method these larger customers have used to control options available to their smaller suppliers. Unfortunately, suppliers … Read more

Grants available for food producers

Grants available for food producers and suppliers

Up to £20 million is being made available to increase productivity and sustainability in crop and ruminant agriculture systems through the Industrial Strategy Challenge Fund. Innovate UK are looking for projects that improve productivity and sustainability in crop and ruminant agriculture. There is £20 million to be shared across 2 types of project: productivity solutions, … Read more

Protect your home

Protect your home

A government think-tank, the Office for Tax Simplification (OTS), was briefed to consider a non-tax issue, a restricted form of limited liability for sole traders. At present, a sole trader’s personal assets (including their home) are vulnerable to a claim by business creditors if the sole trader business becomes insolvent. The principle behind this Sole … Read more

What is the General Data Protection Regulation

What is the General Data Protection Regulation (GDPR)?

The GDPR is the new data protection regulation that becomes a legal obligation from 25 May 2018. Every business will have its own specific challenges regarding implementation of changes to internal systems to ensure compliance with the GDPR. Theory is fine, but business owners, particularly smaller concerns, will no doubt want clear advice – what … Read more