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July ONS retail sales show the entrenched new habits of shoppers that continue post-lockdown
Jacqui Baker

21 August 2020

Results from July’s ONS retail sales figures show the first full month of trade since non-essential stores in England were permitted to reopen by Government. Encouragingly there was growth for the second consecutive month at 3 per cent above pre-pandemic levels in February 2020.

Action required by 29 August to benefit from VAT rate cut

18 August 2020

Organisations trying to maximise the benefit of the reduced rate of VAT by applying it to payments received in advance of the rate change must act before the end of August.

Pub and restaurant groups see sales halved in first month back

13 August 2020

Britain’s managed pub, restaurant and bar groups saw total July sales down 50.4 per cent on the same month last year as the sector re-emerged after lockdown, latest data from the Coffer Peach Business Tracker show.

Janet Burt

Partner

Janet is a restructuring specialist and is an insolvency practitioner based in London. She has a breadth of restructuring and insolvency experience spanning 25 years with the execution of formal appointments, leading advisory teams as well as senior project management for a variety of stakeholders in distressed situations.

Tax changes alone won't save the UK high street

28 July 2020

While Mr Sunak’s desire to help the struggling high street is laudable, tax changes are notoriously ineffective at correcting market imbalances created by commercial pressures. Large-scale tax changes such as the business rates review and the imposition of an online sales tax also take far more time to implement than the Chancellor has at his disposal. We assess the possibilities and suggest a quick fix which the Chancellor could implement now.

The temporary reduced rate of VAT for leisure and hospitality may not be as simple as it seems
Audrey Fearing

14 July 2020

The Chancellor’s Summer Economic Statement delivered on 8 July included various measures to support hospitality and leisure businesses during the coronavirus emergency. They included a targeted temporary VAT cut for supplies of hospitality, hotel accommodation and admission to attractions.

Key considerations for the leisure and hospitality industry during the coronavirus pandemic
Paul Newman

07 July 2020

A summary of the reliefs and support available to leisure and hospitality businesses during the coronavirus pandemic including a road map out of lockdown.

Bill Farren

Partner

Bill is an audit partner specialising in listed and AIM groups, private equity backed entities and growing/transacting businesses of scale. He joined RSM in July 2020, having spent the previous nine years at a Big 4 firm, with four as a partner.

RSM lends support to Lost Stock, the fashion initiative helping save garment workers lives
Ross Stupart

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.

Businesses need a further cash boost to help them survive beyond the 4 July reopening date
Paul Newman

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.

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