Following yesterday’s announcement of the decision of the First-tier Tax Tribunal in favour of Colin Newell reclaiming VAT on his biomass business operations subsidised by the Renewable Heat Incentive Scheme (RHI), a potentially massive VAT clawback is avoided in a welcome judgment for renewable energy, farming and Not-for-Profit sectors as they rely on critical subsidies, […]
Landlords whose tenants stopped paying rent at the start of the moratorium in March 2020 are facing the prospect of no income for two years following the extension to the government’s rent moratorium, say leading tax and advisory firm Blick Rothenberg. Heather Powell, a partner at the firm and head of property said: “No other […]
New research from investment holding company MBH Corporation shows SME bosses are worried that access to finance will become harder over the next three years as they continue to grapple with the late payment of invoices MBH Corporation’s study found two out of five (40%) of SMEs believe applying for funding will become more difficult […]
The new director general of the British Chambers of Commerce, Shevaun Haviland, will today set out the action needed to help firms and communities rebuild. In her first speech at the BCC’s Global Annual Conference, Haviland will argue that key steps are needed to boost UK trade, unlock the blockages in the skills training system […]
Shawbrook Bank has enhanced its service and delivery operations following the appointment of three new relationship managers. Sadie Sharples, Sue Stratton and Nigel Roberts collectively bring more than 60 years’ experience working in UK financial services. The appointments also strengthen the Bank’s commitment to its specialist, relationship-led lending proposition within its Business Finance Division. David […]
Top independent London based records management service, Secure Data Management Ltd, has been supported by ThinCats, the leading alternative finance provider to mid-sized SMEs with a £1.9m acquisition funding package to acquire The Chatham Archive & Document Storage Company Ltd. Secure Data Management specialises in providing offsite storage services to some of the UK’s best-known […]
Supply@ME (LSE:SYME), the innovative fintech platform which provides a unique, market leading Inventory Monetisation© service to manufacturing and trading companies, announced it has entered into a Subscription Agreement with Negma Group Ltd, a leading innovative investment fund for small and mid-cap companies, for the issue of an initial tranche of £5.6mn of Convertible Loan Notes. […]
Enterprise Finance, one of the industry’s most experienced specialist brokers, has completed a bridging loan in a rapid turnaround of just five hours. The quick completion helped a couple who risked losing their new home. The client had a buy-to-let property for sale and was planning on using the funds to purchase a house to […]
Advantedge Commercial Finance (Advantedge), a leading invoice financier, has appointed Ruth Bethel to the role of business development manager for the Southwest region. The move sees Ruth re-join the business having left in March 2017. Ruth will be responsible for leading the continued development of the firms’ presence in the region working through financial advisors […]
UK trades are being excluded from installing UK goods and services in Europe. Retail and leisure fitout, construction, exhibitions and art installations are particularly affected, reports accountants Hillier Hopkins. European businesses ordering services and goods from the UK are insisting on using local contractors for installations. The move is particularly acute in France, with shop […]
15/06/2021
Edition 292 – May/June 2021
Adios Amigo By Business Money group editor Robert Lefroy So much happening on...
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