Vale & West Chartered Accountants Blog

Category Archives:Retail

Huge majority back move to keep hospitality VAT at 12.5 per cent

The British public is overwhelmingly in support of the temporary 12.5 per cent rate of VAT for hospitality being retained.

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Small business confidence rises to positive territory for first time since 2018 as non-essential retail reopens

Small business confidence has risen to its highest level since autumn 2014, a major study has revealed.

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COVID-19: Payment holidays on credit cards, car finance and personal loans extended

Payment holidays on credit cards, car finance, personal loans and pawned goods have been extended following the Government’s announcement of a second lockdown from Thursday 5 November. Read More

Ban on commercial evictions extended until the end of 2020

The Government has announced that it has extended the ban on commercial evictions until the end of 2020, meaning businesses cannot be evicted by landlords for getting behind on rent payments. Read More

Empty high street shops reach highest level for more than six years

According to the new figures, the number of empty high street shops has risen to the highest level for more than six years following a wave of store closures as a result of the pandemic. Read More

Chancellor considers online sales tax for e-commerce retail sector

The Chancellor, Rishi Sunak, is considering the introduction of a new sales tax for the online retail sector in a bid to help the struggling high street compete with the e-commerce sector. Read More

High Streets Task Force launches to provide “invaluable advice” to businesses affected by COVID-19

A new package of support will help high street businesses “get back on their feet” following the coronavirus lockdown, the Government has said. Read More

Retail, hospitality and leisure firms set for £10 billion business rates savings

Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed. Read More

Government confirms business rates Retail Discount extension

High street businesses have been given a new lifeline after the business rates Retail Discount extension was reintroduced to Parliament this week. Read More

BRC leading calls for more to be done to protect the retail industry

According to the latest data from the British Retail Consortium (BRC), there were around 85,000 job losses in the retail sector in the past year. Read More

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