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New look for Whitefriargate at the heart of Hull
A new brand has been unveiled for Hull’s Whitefriargate, appearing for the first time on a striking banner and hoardings at the landmark Burton building.
The brand and its slogan “Old town, new beginning”, has been created by the two leading property owners in Whitefriargate – centuries-old Hull Trinity House and commercial property developer Wykeland Group. Hull Trinity House owns the whole of the south side of the street, with Wykeland now owning around 60% of the frontage on the north side. They have come together to collaborate to promote the area’s rich history and exciting potential. They have created the brand to support the rejuvenation of Whitefriargate, seeking to attract new occupiers and investment as a critical part of the regeneration of Hull city centre. The new signage on and around the Burton building showcases the fascinating history of the landmark as well as signalling an exciting future for Whitefriargate. The Burton building provides a gateway into Whitefriargate from Queen Victoria Square in the heart of Hull city centre. Wykeland acquired the building from the administrators of collapsed retail group Arcadia and is delivering a £2.4m project to restore the Grade II listed structure and bring it back into sustainable use. Dominic Gibbons, MD of Hull-based Wykeland, said: “We’re excited to reveal the new Whitefriargate brand and to use the restoration of the Burton building to showcase the area and the opportunities it offers. “The brand provides a strong and recognisable identity for one of Hull’s most important retail locations and is a very visible statement of our intent to promote and invest in Whitefriargate. “We’re committed to working collaboratively with Hull Trinity House to create a prosperous future for Whitefriargate as a strategically significant thoroughfare linking the heart of the city with the Old Town and waterfront.” Captain D. M. Shaw, Master Warden of Hull Trinity House, said: “As the two leading property owners in Whitefriargate, it makes sense for ourselves and Wykeland to collaborate to promote the area. “The new brand provides Whitefriargate with an attractive visual identity to underpin our shared ambition to bring new investment and energy to this key part of the city centre.”Did you overpay corporation tax last year? HMRC won’t tell you, says accountancy group
UK businesses overpaid £11.9bn in corporation tax the past year, according to national accountancy group UHY Hacker Young.
The company warns businesses that HMRC will not automatically refund them if they overpay corporation tax. They must reclaim any overpayment themselves – and if they fail to realise they have overpaid, they will miss out on much-needed cashflow.
Large businesses pay their corporation tax based on estimated profits for the upcoming year. An overpayment in corporation tax is a sign that companies’ accounts teams overestimated profits and therefore overestimated the amount of tax they would need to pay.
The problem can be particularly bad when the economy is weak, and profits have fallen from the previous year.
Nikhil Oza, Corporate Tax Director at UHY Hacker Young says: “Overpayment of corporation tax is a multi-billion-pound problem. Most large corporates spot overpayments, or at least have good tax advisors which do they checking for them, but small companies without dedicated tax advice can lose out on thousands in overpaid tax if they don’t look out for the problem.
“HMRC won’t tell a business that it is overpaying corporation tax, they don’t see it as their job, and the money will simply sit in HMRC’s account, earning a very low rate of interest. Businesses need to take the initiative and approach HMRC to get their money back so that they can put those funds to better use.”
“Many businesses are struggling due to rising costs and a slump in consumer spending, so they should pay special attention to ensure they aren’t making unnecessary overpayments.