Rebecca Evans MS, Minister for Finance and Local Government. HMRC has published the second set of annual outturn statistics for the Welsh rates of income tax. This marks another important step in the tax devolution process in Wales. The outturn statistics show that the Welsh rates of income tax in 2020-21 raised £2,140m, up 4.9% on 2019-20. A link to the statistics can be found at: https://www.gov.uk/government/statistics/welsh-income-tax-outturn-stati… The income tax outturn statistics provide both the...
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Energy prices have been rising at an unprecedented rate since 2021. It has caused a significant amount of worry and stress for everyone across the UK. Both households and businesses are looking for ways to manage their soaring utility bills. One in four small business owners has increased prices to cope with rising business costs and inflation, and 30% have said that they will have to reduce their energy usage to save on costs*. If...
The Powys Business Awards 2022 are an opportunity for all businesses, social enterprises and charities in Powys to compete for a chance to be a finalist no matter if they are large or small or if they are a new start-up or an existing business. This year’s categories are: Start up Business Award Entrepreneurship Award Micro Business Award (Less than 10 employees) sponsored Growth Award Small Business Award (Under 30 employees) Social Enterprise/ Charity Award...
UK registered small and micro businesses can apply for a share of up to £30 million for affordable, adoptable and investable innovations in net zero and Healthcare. Innovate UK is offering small and micro businesses a share of up to £30 million in grants alongside tailored business support delivered by Innovate UK EDGE. You can apply for up to £50,000 for highly innovative ideas that have a clear route to commercialisation through business growth. Your...
The Chief Medical Officer for Wales, Sir Frank Atherton is reminding people to follow simple steps to protect themselves from the risk of catching COVID-19. This includes getting vaccinated, wearing face coverings in crowded indoor settings and taking a lateral flow test if you have symptoms. His comments come as coronavirus cases are once again increasing in Wales. The latest ONS figures estimate one person in every 30 has COVID-19. The Welsh Government has extended...
Helo Blod, a free Welsh translation and advice service, is celebrating translating 1 million words having introduced more than 1000 businesses across Wales to the benefits of using more Welsh as part of a push to help double the daily use of Welsh by 2050. Launched in March 2020 to support the Welsh Government’s Cymraeg 2050 strategy, Helo Blod offers businesses and charities up to 500 words a month translated, free of charge. The fast...
The new Plastic Packaging Tax (PPT) was introduced on 1 April 2022. If you manufacture or import plastic packaging into the UK, you may need to register for PPT, submit a PPT return and pay any tax due. As the end of the first quarterly accounting period for PPT approaches, HMRC want to share some helpful reminders on completing your PPT returns and payments. Important information – first returns and payments: if you’re liable to...
Fraud can happen to any business, and you are far more likely to fall victim to this type of crime than any other in the UK. Nat West are running webinars throughout July and August 2022 to share knowledge and raise awareness on how to fight fraud. The webinar will provide a review of the most common types of fraud along with providing plenty of practical advice to help you be safe, secure and thrive...
Actions to support the sustainable production of food, improve biodiversity, and strengthen the rural economy are part of proposals published today (5 July) which outline the next steps in designing Wales’ landmark future farm support scheme. The Sustainable Farming Scheme proposals signify a major change and will be key in supporting Welsh farmers to play a leading role in delivering a more resilient environment and a more resilient rural economy. Financial support will be provided...
The in-store and online clothing bank solution by Salvation Army Trading Company (SATCoL). SATCoL has launched a simple and easy to use in-store and online take back scheme for businesses. The scheme will enable businesses to offer their customers the opportunity to donate their unwanted textiles in store or online, helping to keep clothing out of landfill and extend the useful life of items. Once received by SATCoL’s warehouse, the items will be resold and...