ImagesMagUK_April_2021

INDUSTRY NEWS www.images-magazine.com 10 images APRIL 2021 PRINT SHOP POOCHES Nellie’s hairbow must match the flower wall at all times # 65 Nellie Whether it’s pedigree pups or mangy mutts, decorators’ dogs are valued members of staff at embroidery and print shops from Barking to Furness. This month we have Nellie from Rocket & Rose in Winkleigh, Devon Full names: Nellie Breed: Shih Tzu Age: 2 years old (her birthday is on 7 April!) Time at company: 22 months (she was eight weeks old on her first shift with Rocket & Rose). Job title: Top dog Job description: Meet and greet all staff and customers with a cuddle; keeping everyone in check throughout the day; making sure break times do not run over; and helping with the packing up at the end of the day. Special skills: Making everyone smile with her cuteness, and warm lap cuddles when we get a bit chilly in the office Favourite colour: 212C, to match her flower wall and the office accessories! www.rocketandrose.com Covid-19: VAT Deferral New Payment Scheme now open UK businesses that deferred their VAT payments last year due to the impact of the coronavirus pandemic can now join a new scheme to make their payments in smaller monthly instalments. Through the HMRC’s VAT Deferral New Payment Scheme, which launched at the end of February, businesses that deferred VAT payments between March and June 2020 under the VAT Payment Deferral Scheme now have the option to pay their deferred VAT in equal consecutive monthly instalments from March 2021. Businesses will need to opt-in to the new scheme and set up the payments via an online service, which is open now until 21 June 2021 — payments can be spread across two to 11 equal monthly instalments, which are interest-free. Payments can start from March 2021, and the earlier businesses opt in, the more instalments are available to help spread the cost and provide further support. For more information, and to join the VAT Deferral New Payment Scheme, visit imagesmag.uk/VAT-deferral-2021. Eligible businesses that are unable to use the online services can ring the HMRC Coronavirus Helpline on 0800 024 1222. imagesmag.uk/VAT-deferral-scheme Check out our daily industry updates on Twitter: @imagesmaguk Kornit Digital achieves record fourth quarter with 49% revenue growth Kornit Digital’s fourth quarter and full-year results for 2020 reveal that the company has achieved a record fourth quarter, with a revenue growth of 49% to $72.3 million, compared to $48.7 million in the same period of the previous year. Its total revenue for the full-year 2020 was $193.3 million, compared to $179.9 million in 2019. “We delivered record fourth quarter results, exceeding our expectations on revenue growth, profitability, and net cash from operations, capping off a transformative year for Kornit,” commented Ronen Samuel, Kornit Digital’s chief executive officer. “2020 is the year in which the textile industry hit an inflection point – the massive leap in ecommerce and the exposed inefficiency of the traditional textile supply chain is accelerating the digital transformation that Kornit is leading.” He added: “2021 will be an exciting year for Kornit, filled with strategic initiatives including the launch of new powerful products, introduction of a ground-breaking proprietary 3D textile application that will bring to the market unique embroidery, high- density printing, and vinyl heat transfer effects and significantly expand our addressable market, activity with the world’s largest brands, expansion of our software business line and entry into new market verticals.” Turn to page 48 to read our interview with Kornit’s UK & Ireland country manager, Phil Oakley, and find out more about the company’s plans. imagesmag.uk/Kornit- fourth-2020 Kornit Digital is introducing a proprietary 3D textile application in 2021 The VAT Deferral New Payment Scheme is open now until 21 June 2021