Business and Other Briefings
WO: Wales Office Minister, David Jones, is urging more small companies across Wales to seek support from UK Trade and Investment (UKTI) to help exploit new overseas sales and enter international markets. Mr Jones said some Welsh firms were still unaware of the assistance available from UKTI to help them tap in to valuable markets overseas.
UKTI offers expertise & contacts through its extensive network of specialists in the UK and in British embassies & other diplomatic offices around the world. It provides companies with the tools they require to be competitive on the world stage.
HMRC: New campaigns targeting VAT defaulters, private tutors & e-marketplaces will be launched by HM Revenue & Customs (HMRC) over the next year. HMRC will use cutting-edge tools such as ‘web robot’ software to search the internet and find targeted information about specified people & companies.
Using the software, the department can pinpoint more accurately people who have failed to pay the right tax. The ‘web robot’, used with the department’s Connect computer system, also helps find people who are trading without telling HMRC. Before designing & launching the campaigns, the department will seek input from interested parties.
This brief clarifies the Climate Change Levy (CCL) guidance in Notice CCL1/2 Combined heat & power schemes which deals with the circumstances in which electricity from a combined heat and power station can be acquired by an electricity utility.