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From Monday 15 May 2023, unless you are already using Making Tax Digital (MTD) compatible software, you will no longer be able to use your existing VAT online account to file your annual VAT returns. That’s because by law, all VAT-registered businesses must now use Making Tax Digital (MTD) compatible software to keep their VAT records and file their VAT returns. What businesses need to do now, or they could face a penalty Step 1...
If you’re employed in the Welsh public services or a third sector/voluntary organisation, working at board-level and/or a senior leader, new in post or well-established, recently arrived in Wales or been here all your life, then Leading in a Bilingual Country (LIBC) is for you. Get together with us, Academi Wales, and fellow senior leaders for a free one-day LIBC workshop to discuss how we can develop a culture of bilingualism in our organisations. You...
Get an Advance Valuation Ruling to give you legal confirmation on the correct method to use when valuing your goods to make an import declaration. When you import goods into the UK, you must work out the correct method to use to work out their customs value. You can apply to HMRC for an Advance Valuation Ruling before you make an import declaration to: check that the valuation method you have identified is correct get...
Debra Drake
Business Wales gave me the tools and confidence I needed to set up my own Sewing School. The success of reaching the BBC Great British Sewing Bee final, and receiving such positive feedback from the judges, gave Debra Drake the push to set up her own design school, Sewing with Style. Business Wales provided Debra with the tools and confidence to follow her lifelong passion of running her own sewing business. She attended a range...
Lynne Neagle MS, Deputy Minister for Mental Health and Wellbeing “Food business operations and consumer behaviours have evolved rapidly over recent years as a consequence of the UK’s exit from the European Union, the Covid-19 pandemic and other global events. Technological developments, business innovation and digital advances are also reshaping the food business landscape and creating new regulatory challenges. Last year the Food Standards Agency committed to a regulatory review and reform programme to ensure...
Cymru creations
We are pleased to say the apprenticeship scheme is going to continue thanks to Business Wales. Cymru Creations is a project which delivers a film academy to children and young people from disadvantaged areas. Kevin Phillips came to Business Wales for advice and expertise for a new apprenticeship scheme they wanted to set up. With limited local courses in this sector and little success in liaising with colleges around Wales, the Business Wales apprenticeship team...
Search to see how the average prices of hundreds of shopping items are changing. Inflation is a measure of how prices of goods and services are changing in the UK, and it can have a big impact on people’s household finances. Each month, the Office for National Statistics (ONS) publishes  the latest annual inflation rate, which measures the change in the price of regularly purchased items (known as the basket of goods and services) compared...
Julie James, Minister for Climate Change in the Welsh Government, has visited Neath to see how regeneration can help support town centres to thrive. The Minister visited the new leisure centre in Neath which opened earlier this year. The site includes a library and retail space as well as a swimming pool, gym and health suite. The development is an example of the ‘Town Centre First’ policy in action, with library and leisure facilities moving...
Vaughan Gething MS, Minister for Economy “Wales has a proud heritage in manufacturing and today around 150,000 people work in the sector which contributes over 16% of our national output, higher than any other single sector and notably higher than the UK average. It is vital that we have a coherent and holistic approach to how we bring stakeholders together to future-proof existing capability, take advantage of future opportunities and respond to some of our...
Are you at risk of cyber-attack? Cyber risks are one of the biggest threats to small and medium businesses in Wales (SMEs). If you are a business and use any of the following basic business tools, then you could be at risk: Use email Hold customer data Have a website Take online payments For the past two years, Swansea university has been funded by the Research Wales Innovation Fund, to look into the cyber resilience...

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