Yesterday I attended the launch of the new North East Advanced Machining Academy (NEAMA) at TyneMet College. Whilst my own machining skills are wholly inadequate (and amount to one years woodwork at school and a wooden lamp) it is apparent that … [Read More...]
According to recent research conducted by YouGov on UK adult’s attitudes towards and preparations for retirement, a top concern is poverty in retirement, with 63% worrying about having a lack of money. Other top concerns identified in the research include: 38% worry about a lack of funds to achieve their retirement ambitions 29% worry about not having enough to cover essential costs, such as food and heating 25% are worried about having to be financially reliant on others These worries and concerns about retirement are likely to be due to a lack of planning and preparation, with 30% of respondents admitting that they don’t know how much money they will need to live off during retirement. In order to feel better prepared and ease any worries that they’re having, consumers could consolidate their pension pots and wealth from across a variety of assets to maximise tax allowances or investigate the option of pooling assets with a partner in a family self-invested personal … [Read More...]
Yesterday I attended the launch of the new North East Advanced Machining Academy (NEAMA) at TyneMet College. Whilst my own machining skills are wholly inadequate (and amount to one years woodwork at school and a wooden lamp) it is apparent that there is a wider skills gap for good metal machinists in the North East and the UK, and NEAMA aims to address this skills gap. The NEAMA training centre marks further commitment to supporting the region's engineering expertise as it has secured £1.6 million of grant and sponsorship funding to help aspiring engineers into a great career. NEAMA will deliver specialist precision engineering training and support on the Tyne Tunnel Trading Estate, which will benefit students across the region wishing to train in precision engineering to the highest of standards, learning CNC machine tools and the principles of machining whilst gaining vital hands-on experience. The aim is for the specialist machine training to ensure that apprentices and … [Read More...]
Introduced in April last year the Notification of Vehicle Arrivals (NOVA) on line system was introduced to tackle VAT evasion on vehicles brought permanently into the UK. Whilst HMRC had good intentions the measures have proved onerous and the penalty regime is draconian, a number of vehicle importers have innocently fallen foul of the measures. The problem lies in what is caught by the term “vehicle” and a number of businesses have overlooked NOVA in the belief that their product will not require a DVLA registration. The reporting requirements are a lot broader than first envisaged. Tait Walker has successfully mediated between HMRC and a “sit on lawnmower” importer who had a potential six figure penalty withdrawn. Not only were we successful in having the penalty quashed but we also agreed that the historical catch up exercise could wait until the “bulk notification” process had been finalised. The link to these spreadsheets and the “vehicle” categories can be found … [Read More...]
- Launch of the North East Advanced Machining Academy
- Two-thirds of Brits worried about a lack of money in retirement
- Launch of the second Let’s Grow Campaign
- NEW Sage 50 Accounts – Don’t miss out on upgrades before the big price increase!
- Annual allowance cut to £10k for retirees
- It’s a draw in the much awaited “White Goods” hearing
- TRUST IN CHARITIES REMAINS HIGH
- The curtain goes up on the new Theatre Tax Relief
- Easy guide to New ISAs
- Xero Roadshow
- VAT Alert – NOVA is here to stay!
- Born on the 4th of July….no we’re not talking about Independence Day
- Expat Capital Gains Tax Trap
- Embracing Cloud Accounting
- Time to report employee share options and securities…..