TODAY’S HEADLINE

Online marketing to help Northumberland businesses grow – “A great event”

Tait Walker’s Corporate Finance Partner, Michael Smith and Business Services Manager Stuart Moody attended the iNorthumberland Business Support launch event today, here’s what they thought….   Michael said: “I would like to congratulate … [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...]

Online marketing to help Northumberland businesses grow – “A great event”

Tait Walker’s Corporate Finance Partner, Michael Smith and Business Services Manager Stuart Moody attended the iNorthumberland Business Support launch event today, here’s what they thought….   Michael said: “I would like to congratulate the iNorthumberland team for running a very entertaining and informative event about the use of online marketing to grow businesses in Northumberland. “The speakers were excellent at describing how they had applied the technology to make their businesses attract customers from all over the world in the most efficient ways”. After a programme overview, the first speech came from All in One Company’s Kate Dawson, who spoke about the company’s experiences of trading online. She was followed by Jon Monks from Shepherds Walks who explained how superfast broadband benefits businesses and finally a speech from Joanna Wake of Raw Marketing about social media and search engine optimization. Stuart commented “It’s great to see how well some … [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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