News

BCC’s Monthly Economic Review for July

Posted on Monday, July 6th, 2015

This month’s headlines: •Q1 UK GDP growth revised up, driven by less pessimistic construction output figures. • Latest economic data suggests a pick-up in UK economic growth in Q2. •Eurozone economy showing signs of improvement, but Greece is on the brink. For more insight into the current situation in Greece, please read Sukhdeep Dhillon’s, the…

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‘Apprenticeship’ to become protected description

Posted on Monday, July 6th, 2015

From autumn 2015, apprenticeships will be subject to the same legal protection as degree courses, under changes announced by the Department for Business (BIS). Under the Enterprise Bill, training courses will have to meet specific standards before they can be described as ‘apprenticeships’ and provide at least 30 hours’ on-the-job training per week, paid at…

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Companies House launches online search service

Posted on Monday, July 6th, 2015

Companies House has announced that all public digital data held on the UK register of companies has been made freely accessible via its new public beta search service. The search service will provide public access to over 170 million digital records on companies’ financial accounts and details of directors and secretaries during the life of…

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HMRC updates VAT MOSS requirements

Posted on Monday, July 6th, 2015

HMRC has announced that micro-firms registered with the VAT Mini One Stop Shop (VAT MOSS) can continue to establish a consumer’s location using information supplied by their payment service provider (such as PayPal) after the 30th June deadline. Under HMRC’s original guidance, UK firms selling digital services to consumers in other EU member states were…

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VAT refund rules changed by HMRC

Posted on Monday, July 6th, 2015

Rules on reclaiming VAT following registration have been changed by HM Revenue & Customs (HMRC), meaning that some firms could lose money that they had expected would be refunded to them. Previously, traders that already held stock and assets prior to registering for VAT could reclaim the full amount of VAT paid in respect of…

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Businesses in Kent can apply for grants of up to £3,000 to get better broadband. The scheme, funded by government and administered by Kent County Council, covers the costs of upgrading the connection allowing businesses to start reaping the benefits of faster speeds and better connectivity. The grant pays for the installation costs, while businesses…

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Beware Scamming of Companies House details

Posted on Monday, July 6th, 2015

The following is a repost from MFW Chartered Accountants Blog http://www.mfw.co.uk/blog/article/beware-scamming-of-companies-house-details We have been made aware today of a scam and would like to draw your attention to this. A letter has been received by our Sittingbourne office from the Register of Companies and Businesses based at 60 Cannon Street, London, a serviced office. In…

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The electric airplane of the future

Posted on Monday, July 6th, 2015

The electric airplane of the future is being developed by aircraft manufacturer AIRBUS at a cost of 20 million Euros – is making its UK debut at London Ashford Airport at Lydd in Kent on Friday 10 July 2015. The prototype two-seater E-FAN is an almost-silent battery powered aircraft, capable of flying at 125mph. The…

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Operation Stack – Damien Green

Posted on Monday, July 6th, 2015

A number of people have contacted me in frustration during the latest use of Operation Stack on the M20, so I wanted to let you know what action I am taking to bring this recurrent issue to an end. We have learned over the years that the search for a single big solution in the…

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UK Trade Deficit Narrows as Exports Rise

Posted on Thursday, June 25th, 2015

Economists said the narrowing boded well for overall growth after net trade was a drag on the economy in a slow first quarter to 2015. A jump in exports helped Britain’s trade gap narrow to its smallest for a year in April, raising hopes that overall economic growth has rebounded from its slump at the…

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