Category: Business

Comments Off on Government Launches Service To Prepare Firms For EU exit

Government Launches Service To Prepare Firms For EU exit

Government Launches Service To Prepare Firms For EU exit

The Government has launched a new website service to help businesses prepare for the UK’s exit from the EU later this month. ‘Prepare your business for leaving the EU’ is an online tool that provides information on specific rules and regulations, and aims to inform business owners of what is changing in their sector. The … Continued

Comments Off on UK “No Deal” Brexit Planning Checklist

UK “No Deal” Brexit Planning Checklist

UK “No Deal” Brexit Planning Checklist

There is still uncertainty around what Brexit will mean and planning for a “No Deal” scenario seems sensible right now. The Government has published guidance: “UK government’s preparations for a no deal scenario” and it continues to provide updates on how to prepare for the event. See: https://www.gov.uk/government/publications/uk-governments-preparations-for-a-no-deal-scenario Businesses that buy and sell from the … Continued

Comments Off on Brexit Guidance From HMRC

Brexit Guidance From HMRC

Brexit Guidance From HMRC

New HMRC guidance on a no-deal Brexit has outlined steps British businesses need to take right now if they are importing or exporting goods. According to this HMRC guidance, there are three steps UK businesses need to take now: Register for a UK Economic Operator Registration and Identification (EORI) number.  Businesses will need an EORI … Continued

Comments Off on Small Retailers Get Business Rates Boost

Small Retailers Get Business Rates Boost

Small Retailers Get Business Rates Boost

Small retail businesses in England will see a reduction to their business rates, as announced in Budget 2018. Business rates will be reduced by a third for many retail properties with a rateable value below £51,000 for two years from April 2019, subject to state aid limits. The Chancellor said this will mean “an annual … Continued

Comments Off on Budget 2018: Tax and Business Round – Up

Budget 2018: Tax and Business Round – Up

Budget 2018: Tax and Business Round – Up

At a time of political and economic uncertainty, the announcement of several substantial measures in the Budget on 29 October 2018 came as a surprise for many businesses. In fact, the Budget was met with an overall positive reception from industry groups, with the FSB calling it the Chancellor’s “first small-business-friendly Budget”. A range of … Continued

Comments Off on Most Small Businesses Receive Funding Boost

Most Small Businesses Receive Funding Boost

Most Small Businesses Receive Funding Boost

The overwhelming majority of small businesses that applied for finance in the first six months of 2018 were successful, statistics show. UK Finance commissioned market research firm BDRC to carry out its SME Finance Monitor Q2 2018 and found 85% of small businesses in the UK secured finance in the first half of the year. … Continued

Comments Off on Free NatWest Business Accelerator Programme Lands in Liverpool

Free NatWest Business Accelerator Programme Lands in Liverpool

Free NatWest Business Accelerator Programme Lands in Liverpool

The NatWest Entrepreneur Accelerator gives businesses the power to start, scale and succeed via 12 hubs and other satellite locations across the UK. More than 5,000 have already passed through the fully-funded programmes and as of 2017 more than 80% were still trading. Liverpool is to become the first satellite location to host a bespoke … Continued

Comments Off on SME’s Cite VAT as ‘Biggest Administrative Headache’

SME’s Cite VAT as ‘Biggest Administrative Headache’

SME’s Cite VAT as ‘Biggest Administrative Headache’

VAT creates the biggest administration burden for around two-thirds of businesses in the UK, research from the British Chambers of Commerce (BCC) has claimed. The report, which polled more than 1,100 businesses of all sizes, found that 64% were bamboozled by an array of rates and rules to comply with VAT legislation. This percentage is … Continued

Comments Off on Calls Increase for Reform of ‘Flawed’ Apprenticeship Levy

Calls Increase for Reform of ‘Flawed’ Apprenticeship Levy

Calls Increase for Reform of ‘Flawed’ Apprenticeship Levy

Pressure is mounting on the government to reform the apprenticeships system, following recent apprenticeship levy statistics. The Institute of Directors (IoD) has joined the British Chambers of Commerce (BCC) in urging the government to address ongoing problems with the levy. Apprenticeship starts were down 25% for the seven months to February 2018 compared with the … Continued

Comments Off on Tenant Fees Ban Set to Cost Landlords £82.9m

Tenant Fees Ban Set to Cost Landlords £82.9m

Tenant Fees Ban Set to Cost Landlords £82.9m

A new ban on tenant fees could push costs of more than £80 million onto landlords, government figures have shown. The tenant fees bill, which was published on 2 May 2018, includes a ban on all fees charged to tenants apart from rent, deposits, and certain necessary costs. A government impact assessment confirms that “the … Continued