HLAS

As the 2021/22 tax year has now ended, employers need to carry out the following end of year procedures: Provide your employees with their P60 annual summaries by 31 May 2022; Prepare forms P11D for employees’ expenses and benefits by 5 July 2022; Update your employees’ payroll data for 2022/23, in particular their new tax codes; and Update your payroll software for 2022/23 if you haven’t already done so. Here is a link to the HMRC guidance: Payroll: annual reporting and tasks: Overview - GOV.UK (www.gov.uk). Please talk to us about your payroll – we would be delighted to help!

The government has confirmed planned changes to The Highway Code, responding to a public consultation, continuing to pave the way for safer, more efficient travel. The changes to the code will help ensure the first wave of technology will be used safely, explaining clearly that while travelling in self-driving mode, motorists must be ready to resume control in a timely way if they are prompted to; such as when they approach motorway exits. The plans also include a change to current regulation, allowing drivers to view content that is not related to driving on built-in display screens, while the self-driving [...]

Businesses can find ways to help with the situation in Ukraine by answering calls for specific aid and goods and working to find solutions for those fleeing areas affected by the war. The Homes for Ukraine scheme will allow individuals, charities, community groups and businesses in the UK to bring Ukrainians to safety, including those with no family ties to the UK. Phase One of the scheme allows sponsors in the UK to nominate a named Ukrainian or a named Ukrainian family to stay with them in their home or in a separate property. Individual sponsors will be asked to [...]

The Department for Digital, Culture, Media and Sport (DCMS) will run a Digital Growth Grant competition over Summer 2022. Bids will be invited to address identified market failures and accelerate the growth of tech start-up and scale-up ecosystems across the regions and nations of the UK. The successful bidder will be awarded up to £12.09 million to be spent over two financial years; 2023/24 and 2024/25. Further detail on the grant objectives, eligibility and application process will be published in Summer 2022 when the competition opens for applications. The detailed grant specification is currently being developed in consultation with the [...]

In the Office for National Statistics (ONS) latest labour market overview, they state that the number of job vacancies in January to March 2022 rose to a new record of 1,288,000. The ONS also state that the unemployment rate for December 2021 to February 2022 decreased by 0.2 percentage points on the quarter to 3.8%. What is clear from the latest survey is that job applicants are still calling the shots and employers are still struggling to recruit. There are a number of actions you can take to make your business attractive to new staff. In addition to reviewing your [...]

The International Monetary Fund (IMF) has stated the war in Ukraine will severely set back the world economy and the UK is predicted to have the slowest growth in the G7 and across Europe’s main economies at 1.2% for 2023. Kristalina Georgieva, IMF Managing Director Washington, DC Comments “The pandemic turned our lives and economies upside down, and it is not over. The continued spread of the virus could give rise to even more contagious or worse, more lethal variants, prompting further disruptions. Russia’s invasion of Ukraine, devastating for the Ukrainian economy, is sending shockwaves throughout the globe”. In economic [...]

Farmers in England who wish to leave the industry can now apply for the new Lump Sum Exit Scheme which will provide a payment so they can exit the sector in a managed way. In return, farmers will be expected to either rent or sell their land or surrender their tenancy in order to create opportunities for new entrants and farmers wishing to expand their businesses. The Scheme, which is open for applications until 30 September 2022, follows a public consultation and builds on evidence that some farmers would like to retire or leave the industry but have found it difficult to [...]

There is a revised code of practice for commercial relationships between landlords and tenants, replacing the previous code published in November 2021. This code of practice aligns with the Commercial Rent (Coronavirus) Act 2022, outlining what is statutory for those within its scope and how the arbitration process provided for in the Act will work. The code can still be used by any business to help them resolve rent disputes even if they fall outside of scope of the new legislation, providing further guidance on how parties should negotiate. See: Commercial rent code of practice following the COVID-19 pandemic - GOV.UK (www.gov.uk)

The government has launched a new competition to boost the growth of innovative tech start-ups and scale-ups across the country. The £12.09 million Digital Growth Grant will focus on opening up access to skills training and advice and providing support services to the digital and tech sector over two years. A key focus of the funding will be improving regional support networks for start-ups, which the government hopes will spread the benefits of the country’s world-leading tech industry across the UK. The Department for Digital, Culture, Media and Sport (DCMS) will run the competition this summer and the successful bidder [...]

Small to medium sized start-ups selling an innovative physical product to consumers, can apply for Amazon Launchpad Innovation Awards for a chance to win €100,000 and more. Eligible businesses are: Registered in an EEA (European Economic Area) country, the UK or Switzerland. Selling a physical product to consumers, not to other businesses. The brand owner of the product entered. Small or medium sized - employing fewer than 250 employees and having total annual turnover of less than €50 million, and/or an annual balance sheet total not exceeding €43 million at the time of entry. The closing date to apply is [...]