HMRC
This coverage examines HMRC’s impact on the UK retail sector, focusing on tax policies, regulatory changes, compliance requirements, and enforcement actions. Reporting highlights how HMRC decisions affect retail operations, financial planning, and workforce management, providing insights for executives, finance managers, and professionals navigating fiscal and legal obligations in the retail industry.
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Mar- 2018 -20 MarchHigh Street
Conviviality CEO resigns amid £30m tax bombshell
Conviviality has announced its CEO Diana Hunter has stepped down with immediate effect as its struggles stay afloat following the late discovery of a £30m tax bill. In a statement the off-licence retailer said Hunter will remain with the company for a period to provide transition support, and non-executive chairman…
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16 MarchHigh Street
Conviviality surprise £30m tax bill prompts business review
Off-licence retailer Conviviality has announced it is reviewing the business while holding “constructive” negotiations with lenders, as part of the measures it is taking to handle its £30m tax bill. Earlier this week, the company said that the bill due for payment to HMRC on 29 March had only been…
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Jan- 2018 -15 JanuaryGovernment
Card payment fees no longer chargeable by small firms
Small businesses will not be able to charge customers for using credit or debit cards, after new EU legislation took effect this week. HMRC announced that it will cease to accept payments by personal credit card as a result. The legislation, known as the revised Payment Services Directive (PSD2), will…
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12 JanuaryGovernment
HMRC report names retail gender-pay-gap culprits
An HMRC report listing gender pay figures for period 2016-17 has revealed the names of 39 companies in the retail and wholesale trades which it says failed to pay female workers the same rate as men in equivalent roles. Among the firms studied, on average women were being underpaid by…
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