Business and Other Briefings
WAG: Businesses located in Welsh Enterprise Zones are being encouraged apply for the Business Rates Scheme before applications close on 8 July 2013.
The Enterprise Zone Business Rates Scheme is a discretionary grant scheme for SMEs within the 7 Welsh Enterprise Zones. The scheme will help to lower businesses’ operating costs by providing a grant to offset their Business Rates for up to 3 years.
WAG: The Welsh Innovation Centre for Enterprise (ICE), which had its official launch recently, has announced it is on course to create 500 new companies and 3,000 new jobs. The Centre is being supported by the Welsh Government which has contributed a total of £350,000 towards set-up costs and providing bursaries to entrepreneurs, complementing funding from private sector backers.
EU News: Businesses around Europe will now have easier access to much needed finance as the European Commission expands the single portal on EU finance, to include EU Structural Funds: the European Regional Development Fund (ERDF) and the European Social Fund (ESF) – See ‘EU Legislation, Initiatives, etc’ section for more information.
Croatia is joining the EU on 1 July 2013. The annual EU Savings Directive reports that are made by UK Financial Institutions to HMRC must include payments to Croatian individuals made after that date.
This Brief modifies the current VAT treatment of certain supplies made by portfolio investment managers.