The latest version of the VAT Notice 700 The VAT Guide has now been published. Notice 700 is the main guide to VAT rules and procedures, helping businesses with specific problems and contains references to more specialised publications.
This notice cancels and replaces the previous version in February 2011. Details of any changes to the previous version can be found in paragraph 1.2. Read More
Our International Trade Club sponsors, Taylor Patterson Corporate Insurance, have produced an article to explain Buyers and Sellers Interests within an insurance policy.
This is an important area especially when importing from overseas countries as we have received advice of many problems with China. Read More
Date: May 10, 2012 Time: 9:30 am
>41% of businesses are put off by the cost of international transport connections
A survey of more than 8,000 businesses released today by the British Chambers of Commerce, shows that while exporting by UK firms is on the rise, poor transport connections prevent them from exporting more. The survey showed that the number of companies exporting goods and services from the UK has significantly increased. Last year a fifth (22%) of firms surveyed were exporting, compared to almost a third (32%) this year.
Despite encouraging signs of more firms exporting, the findings also highlight a number of barriers that prevent companies from selling overseas. One in five businesses (20%) say poor transport connections are a barrier to trading internationally. Exporting plays a vital part in rebalancing the economy and ensuring a lasting recovery, so we would urge the government to boost transport connections to help businesses take their products and services to new international markets.
Transport connections support supply chains and are essential for moving goods to market. According to the BCC’s survey, businesses in the UK believe that the cost and quality of these connections are vital to trade. Time is money, and if firms can’t access markets quickly enough, they end up holding more stock, which hits their bottom line. Read More
Date: May 2, 2012 Time: 2:03 pm
A master chocolatier has all the ingredients for success after being crowned the winner of The Mall Blackburn’s Retail Factor competition.
Mother of three, Sabiha Patel owns and runs Simply Chocolicious which sells chocolate treats such as edible roses, chocolate engagement rings and three-foot long chocolate cars.
She captivated the judges with her enthusiasm and dedication after working through the night to produce daily supplies for a two-week trading trial at The Mall Blackburn.
Sabiha beat fellow finalists Islamic Art specialists Baitul Fhunoon and bespoke embroidery company Inkthreadable.
Her prize is two month’s rent-free space at the Mall and £500 towards stock. She will also be entered in a national final to be in with a chance of winning a place on a retail business course.
Sabiha said: “I’m absolutely over the moon and am really looking forward to seeing what the future holds for my business”.
Lorraine Jones, general manager The Mall Blackburn said “She is extremely knowledgeable about her products and very responsive to the needs of customers. We think she will make an excellent addition to The Mall Blackburn and wish her every success for the future”.
Source: Lancashire Telegraph