TODAY’S HEADLINE

Gordon Brown revs up for first ever Business Growth Engine event

THE inaugural charity business event, Business Growth Engine, will take place on 18 September at the Jury’s Inn, Gateshead supported by Gordon Brown law firm. Raising money for the Percy Hedley Foundation – a registered North East charity which … [Read More...]

Default surcharge – Tribunal accepts poor economic climate as “reasonable excuse”

Scrimsign (Micro-electronics) Ltd succeeded in their argument that the cause of their late VAT returns payment was due to the “insufficiency of funds” caused by the recession. Additionally, the attitude of the banks and existing customers, who were dictating unfair terms and conditions, was also accepted as an explanation. The tribunal concluded that their temporary lack of funds was not triggered by any carelessness on their own part, but by the struggling economy. This prevented them from meeting their VAT obligations timeously. Scrimsign Ltd believed that the effects of the recession were difficult to predict and could not reasonably be avoided. As all outstanding sums were paid as soon as it was possible to do so, it was accepted that they had a sufficient excuse for their late payment. This is an interesting decision that could open the door to many similar cases. In this case, Scrimsign Ltd would appear to have been a creditable witness and the Tribunal Chairman has been … [Read More...]

Gordon Brown revs up for first ever Business Growth Engine event

THE inaugural charity business event, Business Growth Engine, will take place on 18 September at the Jury’s Inn, Gateshead supported by Gordon Brown law firm. Raising money for the Percy Hedley Foundation – a registered North East charity which provides services for disabled adults and children, including school, college and disability employment – the event will bring together top business experts to set an agenda for economic growth amongst our region’s SMEs. Fluid Group managing director Oliver Vaulkhard will kick off the proceedings, which are set to feature advice and guidance from a collection of North East business experts in areas such as: finance, funding, accounting, business planning and strategy, IT systems and data centres, employment and HR, business leases and agreements, and marketing and PR. He will be joined by inspirational guest speaker, Paul Currie, managing director of The Lakes Distillery will also be sharing his journey as he prepares to launch his £5m … [Read More...]

Default surcharge – Tribunal accepts poor economic climate as “reasonable excuse”

Scrimsign (Micro-electronics) Ltd succeeded in their argument that the cause of their late VAT returns payment was due to the “insufficiency of funds” caused by the recession. Additionally, the attitude of the banks and existing customers, who were dictating unfair terms and conditions, was also accepted as an explanation. The tribunal concluded that their temporary lack of funds was not triggered by any carelessness on their own part, but by the struggling economy. This prevented them from meeting their VAT obligations timeously. Scrimsign Ltd believed that the effects of the recession were difficult to predict and could not reasonably be avoided. As all outstanding sums were paid as soon as it was possible to do so, it was accepted that they had a sufficient excuse for their late payment. This is an interesting decision that could open the door to many similar cases. In this case, Scrimsign Ltd would appear to have been a creditable witness and the Tribunal Chairman has been … [Read More...]

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