UK small firms have been hit with blue Monday as new costs and tax reporting requirements kick in. While some firms in England will benefit from cuts in business rates, other changes mean additional costs. These include new rules on accounting under the Make Tax Digital program and auto-enrolment pension costs.
Overseas visitors to the UK will not be deterred by high VAT, providing sterling remains weak against key inbound currencies, reveals a report released this week at the World Travel Market (WTM) Vision Conference-London.