McDonald’s is to move its non-US tax base from Luxembourg to the UK, the firm says.
Source: BBC
Category Archives: Services
UK spend on Small business Saturday up to £717 million
Temperatures may have been in the low digits over the weekend but Saturday saw the UK’s small businesses community benefit from the warmth of the British public who were out in force to support Small Business Saturday (3rd December 2016). According to an American Express commissioned survey undertaken in the 36 hours following Small Business
The post UK spend on Small business Saturday up to £717 million appeared first on Small Business.
Source: SmallBusinessUK
Energy firms held £4bn in overpayments
The UK’s energy firms have been holding on to nearly £4bn of their customers’ money, according to figures obtained by the BBC.
Source: BBC
Policy paper: Draft legislation: the Data-gathering Powers (Relevant Data) (Amendment) Regulations 2017
The new category of data-holder is Money Service Businesses, from whom an officer of HM Revenue and Customs (HMRC) may require data relating to the transactions they conduct, information to facilitate identification of customers and beneficial owners other than the customer, and records required to be kept by these businesses under the Money Laundering Regulations (S.I. 2007/2157).
A tax information and impact note covering this instrument was published on 5 December 2016 alongside legislation to introduce the new category of data-holder to Schedule 23 to the Finance Act 2011 (c. 11). It remains an accurate summary of the impacts that apply to this instrument.
John Tully from HMRC, Telephone: 03000 586567 or email: john.tully@hmrc.gsi.gov.uk can answer any queries regarding the instrument.
Source: HMRC
Form: Apply to become a Registered Exporter
Registered Exporter (REX)
REX is an EU registration system that authorises exporters in GSP beneficiary countries to issue a self-certificate (known as a statement of origin) for eligible goods to be imported under import preference to the EU. The statement of origin replaces the GSP Form A and invoice declaration. REX traders will be issued with a number which they will include on their statements of origin.
From 1 January 2017, UK companies that export materials to GSP beneficiary countries that are then used to manufacture products to be imported back into the EU (bi-lateral cumulation) and UK established re-consignors of GSP goods to other member states, will be able to apply to HMRC to become REX registered. This will enable them to issue statements of origin when the value of the consignment exceeds €6000. Only these specific types of traders are eligible for REX registration.
REX Supporting Guidance
Details can be found in Notice 830: tariff preference – new General System of Preference rules of origin
Updates from the EU can be found in The Registered Exporter system (the REX system)
Further Information
REX queries should be sent by email to: dutyliability.policy@hmrc.gsi.gov.uk
Source: HMRC
Impact of Brexit on skills crisis not significant for SMEs
BPS World, the global resourcing specialist, published ‘Brexit: What the World is Saying’. The White Paper is the result of extensive research BPS carried out to understand the international perspective on Brexit and how other countries believe it will impact on skills crisis. The report finds that there is little sense that Brexit will have
The post Impact of Brexit on skills crisis not significant for SMEs appeared first on Small Business.
Source: SmallBusinessUK
ECB extends bond-buying scheme until December 2017
The European Central Bank says it will extend its bond-buying programme until at least December 2017.
Source: BBC
Three small businesses you can start on a shoestring
It’s often said that everyone has a book inside them – but how about a small business? Many of us have talents that are going to waste as we plod on with the 9-5. The thought that these skills or passions could be channelled into small business ideas of our own perhaps rarely crosses our minds.
The post Three small businesses you can start on a shoestring appeared first on Small Business.
Source: SmallBusinessUK
MPs recommend clampdown on fixed-odds betting machines
MPs say maximum stakes on fixed-odds betting terminals should be cut from £100 to £2.
Source: BBC
ECB extends euro stimulus but at reduced pace
The euro has strengthened after the European Central Bank (ECB) confirmed it was to extend its bond-buying programme amid continued pressure on the eurozone economy.
Source: Sky Business News