Category Archives: Services

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National Statistics: UK regional trade statistics: third quarter 2016

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HM Revenue & Customs (HMRC) collects the UK’s international trade in goods data, which are published as two National Statistics series – the ‘Overseas Trade Statistics (OTS)’ and the ‘Regional Trade Statistics (RTS)’. The RTS are published quarterly showing trade at summary product and country level, split by UK regions and devolved administrations.

RTS data is categorised by partner country and Standard International Trade Classification, Rev.4 (SITC) at division level (2-digit). In this release RTS data is analysed mainly at partner country and SITC section (1-digit) level, with references to specific SITC divisions where appropriate. The collection and publication methodology for the RTS is available on www.uktradeinfo.com.

Interactive Data

UK Regional Trade Statistics data is also accessible in greater detail in an interactive table with extensive archive hosted on the uktradeinfo website.


Source: HMRC

Official Statistics: Transfers to Qualifying Recognised Overseas Pension Schemes

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Since April 2006 individuals have been able to transfer their pension savings in a registered pension scheme to a qualifying recognised overseas pension scheme (QROPS). To be a QROPS a pension scheme must be based outside the UK and meet certain requirements. Provided the requirements are met transfers to QROPS are free of UK tax up to the lifetime allowance. This is intended to allow people who wish to emigrate to take their pension with them to their new country of residence.

This publication includes the number of transfers made to QROPS and the total amount of those transfers each year since 2006 to 2007, as reported to HMRC.


Source: HMRC

How to be a good boss – live chat

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Join us on this page from 1.30-2.30pm on Thursday 8 December to talk to our expert panel about what makes a good leader and manager in a small business

8.19am GMT

How to join in the discussion
Make sure you’re a registered user of the Guardian (if not, it’s quick to register) and join us in the comments section below, which will open on the day of the live chat.

8.19am GMT

What makes a good boss? There are some surprises around employee engagement – for example, piling praise on an employee for completing difficult tasks could be detrimental to their work, according to a study by the Journal of Organizational Behavior.

While managing staff is one aspect of running a business, in small enterprises the owner usually has to also wear the hat of business leader, which comes with its own challenges.

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Source: Guardian

Counting the cost … a beginner's guide to business maths

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You don’t have to be a maths master, with a few easy steps you can track costs, monitor gross profit margins and understand trends

If you want to generate more cash flow for your business or break even faster, a basic understanding of business maths is going to really help you.

However, getting to grips with the numbers can be one of the biggest pain points when running a business – particularly if you feel it’s not your forte. As well as the dreaded figures, there’s also the jargon that accountants, tax officials and “useful” software packages delight in using.

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Source: Guardian