20 July 2020
The Office for Budget Responsibility (OBR) has estimated that the coronavirus pandemic will increase government borrowing by almost £300bn in 2020-21. For context, provisional figures for 2019-20 show HMRC’s total tax take was £634.7bn across all taxes.
Leading audit, tax and consulting firm RSM is lending its support to Lost Stock by helping to run day to day finances. Launched by the team behind, Mallzee, Lost Stock was set up in the wake of coronavirus to help support garment workers in Bangladesh suffering as a result of cancelled clothing stock orders.
24 June 2020
With doors opening on 4 July and the two-metre rule now relaxed, it will be back to business for the leisure and hospitality industry. However, this crisis doesn’t end with the dialling down of coronavirus lockdown and the easing of distancing measures.
15 June 2020
On Monday, non-essential retailers in England will open their doors for the first time in 12 weeks. The coming month will give an indication of consumer confidence and whether the recession we have now entered will be as deep as some fear.
Paul is a corporate tax partner, providing transfer pricing and thin capitalisation advice to all clients in the Central and North West regions. The aim is to provide robust transfer pricing solutions to clients’ issues in a pragmatic way.
Jacqui is an audit director based in the Liverpool office and is an active member of the firm’s consumer markets group.
22 May 2020
Responding to the latest retail sales figures for April issued by the Office of National Statistics, Jacqui Baker, director and retail specialist at RSM said: ‘UK retail sales break records again this month but for all the wrong reasons. With total sales for April decreasing by 23.1 per cent compared with last year, it’s impossible to downplay the long-lasting effects coronavirus will have on the sector.
21 May 2020
Financial crime is seeing a surge of activity and it’s because criminals are maximising on uncertainty. Read more here about what key questions businesses should be asking themselves.
18 May 2020
The Advocate General’s opinion in United Biscuits is bad news for those who have claimed historic VAT refunds on investment management fees for direct benefit pension funds.
Tyrone is a Partner based in Leicester and is an expert in Restructuring, a Chartered Accountant and a Licensed Insolvency Practitioner. He is well known and highly regarded across the East Midlands/Midlands business community and has extensive experience in financial restructuring and recovery across various sectors.