The Minister for Climate Change, Julie James MS, has today (23 June 2023) approved Natural Resources Wales' (NRW’s) proposed regulatory charges for 2023-2024, and for NRW to make the necessary arrangements to implement these charges from 1 July 2023 in the following areas: Industry regulation Site based waste Water quality Water resources Reservoir compliance Introduction of species licensing charges NRW’s regulatory charges are designed to operate on a cost recovery basis to ensure it recovers...
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The Welsh Government is making £200,000 available to help strengthen local journalism in Wales, Deputy Minister for Arts, Sport and Tourism, Dawn Bowden has announced today (26 June 2023). The Co-operation Agreement with Plaid Cymru has a commitment to fund existing and new enterprises to improve Welsh-based journalism to tackle the information deficit. Independent community media organisations are set to benefit from £100,000. The Welsh Public Interest News Accelerator is supporting up to ten organisations...
The Welsh Government is on track to more than double the number of businesses in Wales that are owned by their employees as part of efforts to ensure Wales based companies remain in Welsh hands, Economy Minister Vaughan Gething said today (23 June 2023). The Welsh Government’s Programme for Government commitment is to double the number of employee owned businesses in Wales during this Senedd term, by providing greater support for worker buyouts. In May...
The Bank of England Monetary Policy Committee announced on 22 June 2023 to increase the Bank of England base rate to 5% from 4.5%. HMRC interest rates are linked to the Bank of England base rate. As a consequence of the change in the base rate, HMRC interest rates for late payment and repayment will increase. These changes will come into effect on: 3 July 2023 for quarterly instalment payments 11 July 2023 for non-quarterly...
New powers from the Charities Act 2022 have now come into effect resulting in changes for the sector in Wales and England. The Charity Commission has updated its existing guidance to reflect these changes, which includes flexibility for trustees when seeking to dispose of charity land and new powers around the use of permanent endowment. For further information please select the following link Charities Act 2022: information about the changes being introduced - GOV.UK (www.gov.uk)
Young people at risk of leaving education will be provided with meaningful work experience as part of efforts to ensure they reconnect with their education, Minister for Education and Welsh Language, Jeremy Miles has announced. Following on from a successful pilot, the half a million-pound scheme will support up to 500 learners aged 14-16, in years 10 and 11 in 2023/24. They will benefit from high quality work experience placements, in a sector that appeals...
The UK Government has announced an extension to the support provided to UK Horizon Europe. The guarantee will be in place to cover all Horizon Europe calls that close on or before 30 September 2023. Eligible, successful applicants to Horizon Europe will receive the full value of their funding at their UK host institution for the lifetime of their grant. Details regarding the scope and terms of the extension are available on the UKRI website.
The Valuation Office Agency (VOA) is urging businesses to protect themselves from rogue business rates agents. New rateable values for business properties came into effect in April 2023, councils used these new values to calculate business rates bills. Businesses can challenge their valuation if they think it’s incorrect. They can use a rating agent do this. But some rogue agents submit inaccurate information. This could result in penalties or increased rates bills. Be cautious of...
The Federation of Small Businesses (FSB) North Wales annual conference is back with a collection of brilliant speakers, networking opportunities and the opportunity to gain some valuable tools to help your business flourish. The conference takes place on 13 July 2023 at the Grosvenor Pulford Hotel and Spa, Pulford, CH4 9DG. Sessions will cover topics such as financial wellbeing, personal resilience, mental toughness, how to adopt a culture of outstanding customer service and demystifying cyber...
If you don’t claim the right expenses for your business, it could affect the amount of tax you’re paying. For more information about business expenses, join HMRC’s live webinars. You can ask questions throughout using the on-screen text box. Business expenses for the self-employed This webinar will explain what is and isn’t allowable, look at some of the most common day-to-day running costs and how using flat rates for vehicle mileage, working from home, and...