Welcome to our winter newsletter. This quarter, we bring to you all of the latest insights and news hitting the sector.
In November, we saw Phillip Hammond announce the last Autumn Statement, which declared several legislative measures set to affect the hospitality sector. Although there was no mention on the much debated Tourism VAT, there were several measures announced that the sector will be influenced by. As a result, we draw attention to these key changes in our special feature, “Autumn Statement 2016: Hospitality Sector Highlights”. Furthermore, the government has recently given the Making Tax Digital consultation the go ahead, which is set to take place from April 2018. For more information on what this will mean, see our article on page 11.
Businesses will soon have to come to the realisation that accounting and financial practices are taking a digital turn. With this in mind, we feature two articles that look at the benefits of the cloud: “What is Cloud Accounting and What is the Big Deal?” and “Making Tax Digital: Opportunity or Threat?”, which feature on pages 8 and 9 respectively.
Throughout the year, the team hold several events to help support our charity, Raffingers Foundation. To find out more information on what is to come and how much we have raised so far, please go to page 6.
We always welcome contributions. If you would like to contribute to our next edition, please get in touch.