TODAY’S HEADLINE

Let's Grow Fund

Launch of the second Let’s Grow Campaign

I recently attended the celebration / launch of the second Let’s Grow Fund in Durham. This is a £30 million grant for the North East which is run by The Journal and Evening Gazette and for which details may be found on www.be-group.co.uk. The … [Read More...]

Let's Grow Fund

Launch of the second Let’s Grow Campaign

I recently attended the celebration / launch of the second Let’s Grow Fund in Durham. This is a £30 million grant for the North East which is run by The Journal and Evening Gazette and for which details may be found on www.be-group.co.uk. The grant fund will be run on very similar lines to the first one: A quarterly competition 1 August 2014: first date for Expressions of interest 29 August 2014: first date for the full applications Future dates will be found on the BE Group website As a trained statistician myself, I find the facts surrounding the first fund make for interesting reading: There were 270 Expressions of interest, 186 of which were considered and 102 awards were made…so two thirds were good enough to be considered and 54% of those were awarded grants. Surprisingly there were very few grants awarded in Northumberland (5%) whilst Teesside arguably got a little less than its fair share (22%). £190m of private sector support was unlocked by the £30m … [Read More...]

Let's Grow Fund

Launch of the second Let’s Grow Campaign

I recently attended the celebration / launch of the second Let’s Grow Fund in Durham. This is a £30 million grant for the North East which is run by The Journal and Evening Gazette and for which details may be found on www.be-group.co.uk. The grant fund will be run on very similar lines to the first one: A quarterly competition 1 August 2014: first date for Expressions of interest 29 August 2014: first date for the full applications Future dates will be found on the BE Group website As a trained statistician myself, I find the facts surrounding the first fund make for interesting reading: There were 270 Expressions of interest, 186 of which were considered and 102 awards were made…so two thirds were good enough to be considered and 54% of those were awarded grants. Surprisingly there were very few grants awarded in Northumberland (5%) whilst Teesside arguably got a little less than its fair share (22%). £190m of private sector support was unlocked by the £30m … [Read More...]

VAT Alert – NOVA is here to stay!

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...]

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