HLAS

The UK Government has announced an additional bank holiday for 2023 in honour of the coronation of His Majesty King Charles III. The bank holiday will fall on Monday 8 May following the coronation on Saturday 6 May. See: Coronation of His Majesty The King & Her Majesty The Queen Consort

The Bank of England Monetary Policy Committee announced on 23 March 2023 to increase the Bank of England base rate to 4.25% from 4%. HMRC interest rates are set in legislation and 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 April 2023 for quarterly instalment payments, and 13 April 2023 for non-quarterly instalments payments. Late payment interest is set at base rate plus 2.5%. Repayment interest is set at base rate minus 1%, with [...]

Agriculture has the worst rate of deaths and injuries (per 100,000 workers) of all sectors in Great Britain. Incidents involving vehicles are the number one cause of deaths on British farms, killing 48 people in the past 5 years. The Health and Safety Executive (HSE) has launched the ‘Work Right Agriculture. Your farm. Your future’ campaign. It highlights simple vehicle safety advice to help keep everyone on the farm safe. HSE want to make 2023 a safer year on farms by working together. When you start your daily routine today, follow the 'safe farm, safe driver, safe vehicle' advice to [...]

Industry chiefs from firms including the Co-op, Greggs, Iceland, and Oliver Bonas have now been appointed as Employment Advisory Board chairs in all 92 resettlement prisons, which help prepare prisoners nearing the end of their sentence for release into the community. The Boards link prisons to leading business figures who can offer their expertise on the skills, qualifications and training needed to help prisoners re-enter the workforce. Using these insights, prisons can tailor their training and workshops to match local labour market demands so ex-offenders are job-ready when they walk out the prison gate. The initiative was originally launched in [...]

This consultation seeks views on proposed changes to the Driver Certificate of Professional Competence (DCPC). If these changes are implemented, they will only apply to drivers completing journeys within Great Britain, and Northern Ireland if authorities there agree, as DCPC is a devolved matter. Drivers wishing to drive to, from, or within the EU will still need to comply with the existing requirements due to arrangements within the UK/EU Trade and Cooperation Agreement (TCA), as well as other relevant UK international obligations. Proposed changes will therefore create 2 parallel qualifications for driving in GB and, potentially, NI: a national DCPC (N-DCPC) – the subject of this consultation, [...]

This HM Revenue & Customs (HMRC) consultation seeks views and feedback on proposals to increase eligibility and use of the income tax cash basis for the self-employed. These proposals aim to increase the number of businesses able to benefit from the simplifications the regime offers, making the rules easier to apply and understand, and to help businesses spend less time filing their tax returns. What is income tax cash basis? The cash basis is a simplified regime for calculating taxable profits for businesses with straightforward tax affairs. The regime allows businesses to calculate their taxable profit as the difference between [...]

From 1 April 2023, the way obliged entities can report a material discrepancy has changed. An obliged entity is one which must carry out due diligence checks under anti-money laundering regulations. Obliged entities include, amongst others, financial and credit institutions, independent legal professionals, and estate agents. Obliged entities carry out due diligence checks on companies under anti-money laundering regulations. They must report differences between the information they gather, and the information held at Companies House. Specifically, obliged entities must report differences in information about: people with significant control (PSC) of a company, PSCs of a limited liability partnership (LLP), PSCs [...]

The UK Space Agency will co-host a global summit to agree new ways of ensuring a safe, sustainable, and secure space environment, including tackling space debris which threatens the satellites we rely on in our daily lives. The 4th Summit for Space Sustainability, hosted with the Secure World Foundation in London on the 22 and 23 June, brings together government, industry, and academics from around the world to discuss how to ensure the sustainability of space operations. Orbital congestion created by space debris is one of the biggest global challenges facing the space sector. There are currently around 30,000 pieces of [...]

Smart Manufacturing Data Hub (SMDH), led by Ulster University, aims to support 10,000 UK manufacturing SMEs to uptake, learn, and implement digital transformation technology in their factories through a range of support initiatives and funding measures. The programme is supported by £50 million of funding under the Made Smarter Initiative from Innovate UK. Support for SMEs will include education and expert advice on digitalisation pathways, implementation of data driven technology, and funding to help manufacturing SMEs reach their digital transformation goals. SMDH offers unique opportunities for SMEs to access data expertise that will aim to save SMEs time and money, predict [...]

The UK has climbed to second in the international rankings for women’s representation on boards at FTSE 100 level, with new data being released showing that nearly 40% of UK FTSE 100 board positions are now held by women, compared with 12.5% just 10 years ago. The data has been published in a new report by the government-backed FTSE Women Leaders Review, which monitors women’s representation in 24,000 positions on FTSE 350 Boards and in leadership teams of the UK’s biggest companies, building on the success of the previous Hampton-Alexander and Davies Reviews. The findings demonstrate a major sea-change in attitudes to getting women leaders to the top [...]