Business and Other Briefings

BIS: The Government set up a unique opportunity last week so global car manufacturers could meet UK companies to identify further opportunities to invest in this country and localise supply chains.   
 
A report published in the summer by the Automotive Council found automotive manufacturers already spend £8.4bn with UK suppliers and actively wish to increase local purchasing.  An immediate opportunity was identified to increase local purchasing by £3bn per annum.
Press release & links ~ Automotive Council’s report on supply chain investment potential
 
WWF: A new report published by WWF-UK highlights the actions that large firms have taken to transform their business models towards sustainability. The Green Game-Changers report, produced by Verdantix, shows that large firms are increasingly adopting & scaling up sustainability innovations and reaping substantial rewards for themselves and their customers.
 
These new business approaches not only contribute to the green economy, but also show what can be achieved by decoupling business growth from increasing environmental damage, even generating restorative or net-positive social and environmental impacts.
Press release & Links
 
HMRC: The second meeting of the London – Hong Kong Renminbi (RMB) Forum took place on 4 December 2012 in HM Treasury.   Bringing together representatives from 10 global banks and over 60 corporates from across Europe, the Forum provides an excellent opportunity to discuss the latest developments in the growing RMB market.
Press release & links
 
FCO: Foreign Office Minister Hugo Swire is travelling to Brunei, Philippines & Burma this week to promote trade with the UK.  During the visit he will outline the vast potential in the region and what the UK has to offer.
Press release & links
 
HMRCRevenue & Customs Brief 33/12
This Brief announces the withdrawal of VAT exemption for supplies to insurers of certain mis-selling review and helpline services.
 
HMRCRevenue & Customs Brief 32/12
HM Revenue & Customs has published details of new guidance relating to capital allowances treatment of capital expenditure on polytunnels.
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