Eastbourne Newsletter – April 2018

Hello and welcome to our April newsletter!

We are looking forward to another busy couple of months following the success of our last few lunches.

We hope you enjoyed our Worthing lunch at Casa Ciro on 11th April, there certainly was great feedback on the day! We are looking forward to our Brighton & Hove lunch at the Ginger Pig on 8th May and our Eastbourne lunch on 18th May – these dates are already selling out fast so please book soon to avoid disappointment!

There is also still an opening for a Sponsor of our wonderful Tunbridge Wells lunch – this is a great opportunity to boost your business or your own personal profile. For further information about this please contact info@consortiumbiz.co.uk 

We have a few Upcoming Special Events:

4th May – ‘Where Cricket Meets Ladies Day
With special guest speaker, Celia Delaney. It should be a great day and don’t forget there will be a prize for the best dressed Lady on the day – so get your glad rags out!!

8th May – Networkout Club at The Grand Brighton
Join us for a unique fusion of traditional business networking with fitness training. This version is the run series. Followed by Breakfast in the The Grand’s Sp@ Café with use of the lovely showers and changing facilities.

24th May – Consortium’s Seminar: What is a Marketing Strategy and why do you need one? – tickets are still available to book at 1st Central Cricket Ground, Hove.

24th May – Consortium’s FUNdraising Charity Quiz night!!
At the Egremont Pub in Worthing, all proceeds will be in aid of Sussex Cancer Fund. Tickets are still available for teams of 4, or individuals – it’ll be fun and there will be bar food available too!

4th July  – Afternoon Tea at The Grand
This will be hosted by the fabulous local Charity, Sussex Cancer Fund and will offer the infamous afternoon tea at a very reasonable price with at least £10 per head going to the Charity.

Please see the bottom of the newsletter, for a list of all of our remaining dates for 2018 which are bookable.

We have no membership fees and no long-term commitments – just good food, good company and networking. We hope you can join us!

Tickets are selling fast for the next Eastbourne lunch on 18th May at the Grand Hotel, sponsored by Humphrey & Co. Be sure to book your places soon!

Cash And Digital Payments In The New Economy

One of the announcements in the Spring Statement was the possible demise of the 1p and 2p coins and the £50 note, but for different reasons. It seems that more and more of us are paying for small transactions such as our morning coffee by using contactless payments.

Those who do pay in cash and where the cost is say £2.99 we put the penny change in the charity pot and many are thrown away! The £50 note has been linked to money laundering and other illegal cash-based payments.

The increase in contactless transactions and consequent reduction in the number of small coins in circulation will have a significant impact on the charity sector as many are reliant on peoples’ small change being donated outside supermarkets and stations.

The consultation on the future of cash in the economy also considers the role of cash in tax evasion and illegal activities. The vast majority of traders and businesses accepting payments in cash will do so honestly. However, in some cases, the anonymous and untraceable nature of cash transactions is perceived to facilitate tax evasion, hidden economy activity, or money laundering. This harms the honest majority of businesses who find it harder to compete, and means less money goes towards our vital public services.

HMRC are aware that payments in cash can be a problem for tax compliance. In some cases, this is because taxpayers find it difficult to keep accurate records of all their transactions. HMRC have identified that cash is used by a small minority of people to hide or disguise their taxable income by not reporting, or under-reporting, what they owe.

The consultation paper suggests that the increasing use of digital payments and reduction in the use of cash could have a positive impact on increasing tax compliance and decreasing money laundering. However, the increase in digital payments may only have a limited impact, if the dishonest minority continue to use cash to hide or suppress their income. Could the next step be to make it mandatory to pay your window cleaner or gardener electronically? Not yet…

Upcoming Events

Brighton & Hove
8th May 2018 – Book Here
10th July 2018 – Book Here
11th September 2018 – Book Here
13th November 2018 – Book Here

18th May 2018 – Book Here
27th July 2018 – Book Here
28th September 2018 – Book Here
23rd November 2018 – Book Here

Tunbridge Wells
5th June 2018 – Book Here
7th August 2018 – Book Here
2nd October 2018 – Book Here
4th December 2018 – Book Here
13th June 2018 – Book Here
8th August 2018 – Book Here
10th October 2018 – Book Here
12th December 2018 – Book Here