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Hot Business News Today

Extra cash for ‘wet’ pubs hit by Tier 2 and 3 lockdown

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Originally written by Timothy Adler on Small Business
UPDATED: Prime Minister Boris Johnson has said there will be a one-off payment in December of £1,000 to “wet” pubs in England – pubs which do not serve food – which are having to close in Tiers 2 and 3.
The Prime Minister made the pledge as part of his opening statement in today’s House of Commons debate on the incoming tier system, which is due to come into effect throughout England from tomorrow.
Mr Johnson said the one-off £1,000 payment recognised how hard pubs have been hit in what is normally “their busiest month”.
However, the Federation of Small Businesses dismissed the gesture, pointing out that £1,000 will cover the cost of a single keg of beer.
The government’s new tiered coronavirus system will slash income for pubs and restaurants, 98 per cent of which will either be in Tier 2 or Tier 3, in half meaning £7.8bn in lost incomes, according to trade body UKHospitality.
>See also: Non-essential retail and gyms to reopen next month under new tier rules
The new tiered system, which has been described as a death knell for thousands of pubs and restaurants, requires all premises in Tier 3 to offer only takeaway

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Hot Business News Today

How Brexit is going to affect your business – #2 exports

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Originally written by Anna Jordan on Small Business
Exports are one of the areas that will change for business after the Brexit transition period comes to an end.
There’ll be no change if you’re shipping to other parts of the UK or outside the EU. However, if you’re exporting to the EU, you’ve got some bits to factor in.
If we have a hard/no-deal Brexit, we’ll become a third country, where goods will need to be cleared at customs. To deal with these changes, you need to address the following seven areas.
Get an EORI number
As with imports, you’ll need an Economic Operator Registration Identification (EORI) number to export goods to the EU. An EORI has 12 digits and starts with GB.
If your business is service based rather than goods based, you may not need one. But if you are exporting to your business space in the EU, you’ll still need an EORI number.
Read more by heading over to EORI number: what it is and how to get or check one.
Have a look at your commodity/tariff codes
The Harmonized Commodity Description and Coding System or Harmonized system (HS) will have a run-down of codes you need to export to the EU. You will need these codes

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