Buying Local intiative

Buying Local intiative

Jessimi news

Local initiative which supports the wider “Buy Local” campaign

We have recently created a new online directory for Earlsfield in Wandsworth, called Earlsfield Local  with the purpose of  encouraging the local residents to support the  local businesses and help to strengthen their  community by buying local products and services.

When people buy from local businesses they make a significant contribution to the local economy.  More jobs will be created locally, the community will prosper, and people will be more connected than ever to their own area.

When people buy a product from a local shop or use a local service business, they not only support the local economy, but they also support their neighbours.  How? They get to meet the local business owners, they help them and their businesses to survive,  they help to feed their families, pay their bills and put a roof over their head.

The Earlsfield Local Business Directory is meant to be a hub of information about and for the local area, as it  contains not only information about local businesses but also local news, events and resources which hopefully will raise Earlsfield’s profile as a desirable place to live, work and socialise. Located in a quiet corner of Wandsworth, Earlsfield was overlooked for many years in favour of its more celebrated neighbours, Wimbledon, Tooting and Clapham. However, Earlsfield has been catching up over the past few years and is now perceived to be a vibrant and trendy place.

The directory allows people to search for local businesses, submit their own business listing, communicate with other businesses by sending them messages and comments, rate businesses and share information about the local area.

The directory is open to all the local businesses irrespective of type and size. However, micro business entities such as independent traders, freelancers and start ups are particularly encouraged to join especially if they do not appear on Google maps nor have a website to promote themselves. They need the most help to get their businesses established locally and increase their profile.

ALL LISTINGS ARE CHECKED AND VALIDATED THAT THEY ARE GENUINE LOCAL BUSINESSES!

The main feature of the directory is that all of the businesses listed in it are genuinely local, as they are vetted by the admin to ensure that they are registered and operate in the local area. Therefore, buying from the businesses in the directory truly helps the local economy flourish.

Another useful feature is that there are no arbitrary adverts being displayed, nor are there any annoying pop ups jumping all over the place. The directory has been designed to be user friendly, easy to navigate and aesthetically pleasing.

ALL REGISTRATIONS ARE FREE!

Standard registration for the directory is free for all but there are also a few options for premium listings for a small charge.

In conclusion, all local people are encouraged to use the directory either for local searches or to advertise their businesses to support the local economy and strengthen their local community!

The directory is also twinned with a local Facebook Group called Earlsfield Local  which enables the local residents to share information about various aspects of local life such as  changes to the high street, development proposals, local events, new businesses, charity fundraising efforts, lost and found property, missing pets etc.

by 17 Jul 2020
Prepare your business to adapt to the new post-Brexit regulations

Prepare your business to adapt to the new post-Brexit regulations

News

The UK is no longer a member state of the European Union but the EU law will continue to apply during the transition period.

The UK has left the European Union so you must prepare your business to adapt to the new regulations. However, under the terms of the withdrawal agreement, EU law will continue to apply to the UK, as if it were a Member State, during the transition period from February 1, 2020 to December 31, 2020, while the UK and EU negotiate additional arrangements. This means that rights and obligations for UK entities under EU law will also continue to apply.

Why is it important to prepare your business to adapt to the new regulations?

Some arrangements still depend on negotiations between the UK and the EU, but you can start evaluating how Brexit will affect your business and how to get ready for the new rules, which will take effect on 1 January 2021.

 

The transition period

The current rules on trade, travel, and business for the UK and EU will continue to apply during the transition period.

What you can do now

Actions you can take now that do not depend on negotiations.

Preparing your business

From 1 January 2021 you will need to make customs declarations to move goods into and out of the EU. You should:

  • get an EORI number if you do not already have one
  • decide how you want to make customs declarations and whether you need to get someone to deal with customs for you.

Get an EORI number

You need an EORI (Economic Operator Registration and Identification) number to move goods between the UK and non- EU countries.

If you do not get one, you may have increased costs and delays. For example, if HMRC (HM Revenue and Customs) cannot clear your goods you may have to pay storage fees.

Get someone to deal with customs for you

How you can hire a person or business to deal with customs for you.

Getting help
You can hire a person or business to deal with customs for you, such as:

  • freight forwarders
    customs agents or brokers
    fast parcel operators

What they can do for you (and who will be liable) depends on:

  • the services they provide
  • what you want them to do
  • the commercial agreement you have with them

They’ll need to be established in the EU.

 Get someone to act directly

You can hire a person or business to act in your name. You’ll be liable for:

  • keeping records
  • the accuracy of any information provided on your customs declarations
  • any Customs Duty or VAT due

If you give clear instructions and they make a mistake, they may become jointly and severally liable.

You cannot ask someone to act directly if they’re submitting your declarations using:

  • simplified customs procedures
  • entry in the declarant’s records

When acting directly, even if they have authorisation, they can only submit those types of declarations if you have authorisation.

Get someone to act indirectly

You can get someone to act for you in their own name, this means they’re:

  • equally responsible for making sure the information is accurate
  • jointly and severally liable for any duty or VAT

If they have authorisation, you can get an indirect agent to make declarations using:

  • simplified customs procedures
  • entry in the declarant’s records

You cannot ask someone to act indirectly if you’re declaring goods for:

  • inward processing
  • outward processing
  • temporary admission
  • end-use relief
  • private customs warehousing

Staying in the UK if you’re an EU citizen

Check if you need to apply to the settlement scheme if you or your family are from the EU, or from Switzerland, Norway, Iceland or Liechtenstein.
Check what you need to do to stay in the UK

Living and working in the EU

Living and working in an EU country depends on the rules in that country.

You may need to register or apply for residency. You should check that you’re covered for healthcare.

You may also need to exchange your UK driving licence for a licence issued by the EU country where you live.

 

Sourcehttps://www.gov.uk/transition

by 5 Feb 2020
The Biggest Tech Trends of 2019

The Biggest Tech Trends of 2019

News

According to top industry experts, this year’s AI, AR, and 5G technologies may set the stage for some massive tectonic shifts in our economy and our culture.

tech trends of 2019

Here are the biggest tech trends of 2019.

For the tech industry, 2019 may be more about laying groundwork than historic breakthroughs. But it should be a busy and exciting year, as key new technologies begin finding their way into real, useful applications.

The smartphone will still be our central tech device by the end of next year, but as augmented reality and wearables progress, we’ll sense more and more that a new paradigm in personal computing is around the corner. That will be helped along by enabling technologies such as 5G networks, which will be stretching far and wide by the end of 2020. And, artificial intelligence will become infused in all kinds of products, allowing gadgets and services to subtly begin to anticipate our wants.

These tectonic shifts are already creating opportunity and chances for innovation. Venture capital investments on startup companies are on pace to reach $100 billion in 2018, far exceeding 2017’s $82 billion in investments. The big question is which of these opportunity areas will mature in 2019. We asked venture capitalists, tech analysts, and a few entrepreneurs for their thoughts on the subject.

Patrick Moorhead, Principal, Moor Insights & Strategy
On the growth of AI:
We will see further permutations of artificial intelligence making their way into every aspect of our lives and our devices. We will see more services and experiences. Obviously the upside is that these things will become better at knowing what you want beforehand, and then doing it for you, whether that is meeting management or calling a Waymo self-driving cab or a microwave knowing exactly what you’ve put inside it and then starting when you tell it to start. This is all brought about by massive improvements in computational power and savvy programming.

Peter Rojas, Partner, Betaworks Ventures
On AI in media:
In the coming year, we’ll see a number of technologies that blur the boundaries between what is real and what is synthetic. There’s synthetic media, where powerful new tools for creating highly realistic computer-generated imagery are increasingly accessible to anyone with a decent laptop or smartphone. Another part of synthetic media is algorithmically generated content, in which tools like generative adversarial networks create, enhance, or edit media far more efficiently than humans. We’d also put news articles “written” by AI in this category. Related to all this is the new world of digital avatars and virtual celebrities/ influencers that use these tools.

Matt Hartman, Partner, Betaworks Ventures
On opportunities in ethical technology:
This past year we saw consumers and employees of the big tech companies begin to push back against the ways those companies are using our data, building AI, manipulating our behaviour, and who they are choosing to do business with—like certain government agencies. Society is just beginning to demand ethical consideration along with technological advancement. I think we’ll see this movement toward humane technology gives rise to new business models that are not built on harvesting our attention. Some of those, like subscriptions or tipping platforms exist today, and I’m eager to see what new innovations emerge as startups look to align their business models with their users’ need to be in control of how their data is used and how their time is spent.

Avi Greengart, Research Director of Consumer Devices, Globaldata
On consumer adoption of AR glasses in 2019:

I don’t think we get there next year. The idea that you’ll slip on a pair of glasses and all of a sudden you’re Iron Man is something you’re more likely to see in Marvel’s Infinity War: Endgame than in your local Best Buy. That said, I am hopeful that some of those scenarios are still coming but they may still be a few years out. We have companies like Vuzix and Microsoft that are working on those things for the enterprise, but also companies like Apple, which is already building AR experiences into pretty much every iOS device today.

On phones and 5G: We’ll see some new form factors including folding phones and phones where instead of a notch you’ll see a hole punched off in the corner. The big question now though is around 5G . . . Whether or not we’ll see some of the big promises of 5G in 2019 is still a big open question. Low latency mobile gaming is something I’m convinced we’ll see; it’s just whether it will be next year or the year after. Whether we’ll all be driving around staring at holograms inside 5G cars, I’m sceptical about that in the short term, but in the long term that’s something I’m sure we’ll see. I don’t expect a 5G iPhone next year.

Timoni West, Director of XR Research, Unity Technologies
On new user controls for AR/VR experiences:

Controllers are still the name of the game in XR over the next two or three years. It still feels really awkward when people interact with digital objects [using old modalities] like we see with the current HoloLens, although this may change when we see the new HoloLens, possibly in 2019. A button press is still a button press. Computers can’t actually read our minds. What we need to see is more body level stuff. It’s very exciting to think about trans-modality in input methods — combining things like eye tracking, voice recognition, hand gestures, finger bone tracking — then you’re getting somewhere close to magic. You’re getting closer to that feeling of Harry Potter casting a spell. But even then you’re going to have to do a lot of calibration to make it all work together.

Paul Carter, CEO of Global Wireless Solutions
On the 5G hype wave
:
All of the industry players are trying hard to make “first to market” claims for 5G networks. And, 5G devices are coming soon in 2019 although we likely won’t see the 5G iPhone until 2020. The reality is that it’s not an instantaneous transition. We will have a blended network of 5G, 4G, and even 3G, depending upon geography.

Dan Hays, Tech, Media, and Telecom Industry Lead, PwC
On the rise of fixed wireless
:
The biggest story in telecom in 2019 may well wind up being how the use of wireless technologies is renewing competition in broadband services. While the vast majority of consumer and enterprise broadband services are currently delivered over cable or fibre optic connections, 2019 should see more companies — including incumbent cable and telephone providers — look to wireless links to expand their networks and offer increased speeds to consumers and small businesses.

On the slow death of pure cable TV: As the old saying goes, “if you can’t beat ’em, join ’em.” This is especially true for video services, where continued declines in traditional, bundled subscription services are set to reach a breaking point in 2019. We expect to see even more cable, satellite, and fiber-based service providers shifting their focus to a combination of providing broadband services and delivering competitive, over-the-top, cloud-based video streaming services as consumers increasingly reject legacy services and their higher costs.

M.G. Siegler, General Partner, Google Ventures
On startups built on voice platforms
:
I continue to be on the lookout for startups in the audible-computing space. The rise of Amazon’s Alexa and Google Home in 2018 has these devices in millions of homes already, and this holiday season should only accelerate that trend. I would include Apple’s AirPods in this general space as well. These are not niche products. But the jury is still out — people need to learn to use these devices beyond just listening to music or asking for the weather. I believe they will, especially as young people grow up with them integrated into their lives. It will take time, but I think the groundwork can be laid in 2019.

Dave Welsh, Growth Equity Leader, KKR
On consumer experiences:

Moving beyond commerce, consumers are looking for more than material goods — experiences are the next opportunity for startups. Consumers have more disposable income today, leading to the desire to not just go somewhere, but to experience it like a local or to have a curated tour providing an extra level of depth and fun. This is the next frontier beyond Airbnb, Uber, and Lyft.

Miles Clements, Partner, Accel
On cities realising the opportunity of micromobility:

2018 may well have been the year of the scooter, but their impact on cities and archaic urban infrastructure is just beginning to make a dent. Revenue share agreements with high-growth startups like Bird and Lime provide cities with income streams they’ve never before had exposure to. As municipalities invest those dollars into infrastructure improvement and new commuter options, an ecosystem of tools will emerge for urban planning, transit mapping, and ease of navigation around the modern urban environment.

Greg Sullivan, Director of Communications, Mixed Reality, Microsoft
On AR in the enterprise
:
This past year one of the things that’s become clear is that the commercial space has seen the value of HoloLens, and AR/VR/XR in general, in a range of deployments in some very interesting ways. There is a value in taking the digital world and the physical world and bringing them together in meaningful ways. We’re just starting to see people getting a handle on what they can do with the technology — things like remotely assisting someone or laying out physical objects in a digital space. In the next 12 months we expect to continue to realise the commercial value of the HoloLens. We fully expect to see more [enterprise] customers take advantage of HoloLens to achieve more.

Michael Wolf, Former MTV President and Current Activate CEO
On the proliferation of smart cameras
:
We see 2019 as the year of the smart camera. Over the next four years, the average American will have 12 smart camera devices in their lives. As part of that, we expect people to increasingly put cameras inside their homes, especially as existing smart speakers add cameras. Already, roughly 18% of adults have non-mobile smart cameras — this is today.

The cameras can create networks, and we see the Ring camera on someone’s front door connecting with someone’s car or phone so that everyone else in the neighbourhood can see what’s going on. Smart cameras will also enable cashierless retail, seamless facial recognition security (say for going to the ATM), and at-home medical diagnoses. Smart cameras are just exploding, people see them as a way to not only interact but control their own security.

Scott Parazynski, CEO, Fluidity (and Former Astronaut) On drones in 2019:
Drones will continue to pop up in amazing new applications in 2019, with ever greater sensor capabilities and advances in pilot-guided automation. We believe that advances in human-machine interfaces in particular will dramatically reduce the training time and cognitive workload for drone pilots, allowing for much wider adoption for enterprise applications in dynamic, unscripted environments. While still a niche market, we see substantial growth in the public safety realm — fire, search and rescue, police and security — as well as DoD and security applications.

Carl Esposito, President of Electronic Solutions, Honeywell Aerospace
On laying the groundwork for flying cars
:

The work being done over the next 12 months will be crucial to making the vision for urban air mobility a reality. We’ve seen a lot of innovative and motivated companies come to the table with concept aircraft and business models that sketch out a future where you and I get to commute from point-to-point with ease and convenience in our “flying cars.” But before we cross that threshold, we need to map out the regulations, infrastructure, and relationships that make the skies above our urban environments as safe and efficient as the routes we travel today. A lot of that foundation will be set in 2019.

Vic Gundotra, CEO, Alivecor
On the role of artificial intelligence in health care:

One of the major trends that we’ll see in 2019 is the explosion of devices that push consumers to do more measurement of biometrics like heart rate monitoring and glucose monitoring and remote blood pressure. And we’ll also see an explosion of frustration on the part of doctors around how to make sense of all this data. How do you deal with the data of a consumer constantly generating heart measurements? How do you deal with consumers generating hear data who may be anxious? At some point in 2019 there will be a realisation that AI is going to be needed to make sense out of all this data, because physicians don’t have the time to look at this tidal wave of data.

Bob Kocher, Partner, Venrock
On AI in health care:

AI will gain traction in health care but not where the hype is focused. While there is tremendous interest in applying AI to clinical decision making, we think that clinical use cases will prove to be harder than expected. The data needed to train AI models is messy, and the business models are challenging. Instead, we think AI will gain traction first helping payers and providers reduce administrative costs. This is likely because the datasets are larger and far better quality. For example we have years of high-quality claims, coding, and quality data. Lowering admin costs immediately boosts margins in a sector where nobody outside of pharma makes much money.

The article was written by Fast Company on their official Medium account. 

by 4 Feb 2019
PANTONE COLOR OF THE YEAR 2019

PANTONE COLOR OF THE YEAR 2019

News

THE COLOR OF THE YEAR 2019 IS PANTONE 16-1546 Living Coral

An animating and life-affirming coral hue with a golden undertone that energizes and enlivens with a softer edge

Vibrant, yet mellow PANTONE 16-1546 Living Coral embraces us with warmth and nourishment to provide comfort and buoyancy in our continually shifting environment. In reaction to the onslaught of digital technology and social media increasingly embedding into daily life, we are seeking authentic and immersive experiences that enable connection and intimacy.

Sociable and spirited, the engaging nature of PANTONE 16-1546 Living Coral welcomes and encourages lighthearted activity. Symbolising our innate need for optimism and joyful pursuits, PANTONE 16-1546 Living Coral embodies our desire for playful expression. Representing the fusion of modern life, PANTONE Living Coral is a nurturing colour that appears in our natural surroundings and at the same time, displays a lively presence within social media.

PANTONE 16-1546 Living Coral emits the desired, familiar, and energising aspects of colour found in nature. In its glorious, yet unfortunately more elusive, display beneath the sea, this vivifying and effervescent colour mesmerises the eye and mind. Lying at the centre of our naturally vivid and chromatic ecosystem, PANTONE Living Coral is evocative of how coral reefs provide shelter to a diverse kaleidoscope of color.

More than 10 million designers and producers around the world rely on Pantone Products and Services to help define, communicate, and control colour from inspiration to realisation – leveraging advanced X-Rite technology to achieve colour consistency across various materials and finishes for graphics, fashion, and product design. Pantone Standards feature digital and physical colour specification and workflow tools. An organic shade, Living Coral is striking in digital mediums, evoking the same inspirational feeling ignited by our natural surroundings. Living Coral’s vibrancy and buoyancy captivates our attention in social media and digital design.

ABOUT PANTONE COLOUR OF THE YEAR

For 20 years, Pantone’s Colour of the Year has influenced product development and purchasing decisions in multiple industries, including fashion, home furnishings, and industrial design, as well as product, packaging, and graphic design. The Colour of the Year selection process requires thoughtful consideration and trend analysis. To arrive at the selection each year, Pantone’s colour experts at the Pantone Colour Institute comb the world looking for new colour influences. This can include the entertainment industry and films in production, travelling art collections and new artists, fashion, all areas of design, popular travel destinations, as well as new lifestyles, play styles, and socio-economic conditions. Influences may also stem from new technologies, materials, textures, and effects that impact colour, relevant social media platforms and even upcoming sporting events that capture worldwide attention.

by 28 Dec 2018
Is your business GDPR ready?

Is your business GDPR ready?

News

GDPR

GDPR Key Changes

Here is an overview of the main changes under GPDR and how they differ from the previous directive.

​The aim of the GDPR is to protect all EU citizens from privacy and data breaches in an increasingly data-driven world that is vastly different from the time in which the 1995 directive was established. Although the key principles of data privacy still hold true to the previous directive, many changes have been proposed to the regulatory policies; the key points of the GDPR as well as information on the impacts it will have on business can be found below.

Increased Territorial Scope (extra-territorial applicability)
Arguably the biggest change to the regulatory landscape of data privacy comes with the extended jurisdiction of the GDPR, as it applies to all companies processing the personal data of data subjects residing in the Union, regardless of the company’s location. Previously, territorial applicability of the directive was ambiguous and referred to data process ‘in context of an establishment’. This topic has arisen in a number of high profile court cases. GPDR makes its applicability very clear – it will apply to the processing of personal data by controllers and processors in the EU, regardless of whether the processing takes place in the EU or not. The GDPR will also apply to the processing of personal data of data subjects in the EU by a controller or processor not established in the EU, where the activities relate to: offering goods or services to EU citizens (irrespective of whether payment is required) and the monitoring of behaviour that takes place within the EU. Non-Eu businesses processing the data of EU citizens will also have to appoint a representative in the EU.

Penalties
Under GDPR organizations in breach of GDPR can be fined up to 4% of annual global turnover or €20 Million (whichever is greater). This is the maximum fine that can be imposed for the most serious infringements e.g.not having sufficient customer consent to process data or violating the core of Privacy by Design concepts. There is a tiered approach to fines e.g. a company can be fined 2% for not having their records in order (article 28), not notifying the supervising authority and data subject about a breach or not conducting impact assessment. It is important to note that these rules apply to both controllers and processors — meaning ‘clouds’ will not be exempt from GDPR enforcement.

Consent
The conditions for consent have been strengthened, and companies will no longer be able to use long illegible terms and conditions full of legalese, as the request for consent must be given in an intelligible and easily accessible form, with the purpose for data processing attached to that consent. Consent must be clear and distinguishable from other matters and provided in an intelligible and easily accessible form, using clear and plain language. It must be as easy to withdraw consent as it is to give it.​

Data Subject Rights

Breach Notification

Under the GDPR, breach notification will become mandatory in all member states where a data breach is likely to “result in a risk for the rights and freedoms of individuals”. This must be done within 72 hours of first having become aware of the breach. Data processors will also be required to notify their customers, the controllers, “without undue delay” after first becoming aware of a data breach.

Right to Access

Part of the expanded rights of data subjects outlined by the GDPR is the right for data subjects to obtain from the data controller confirmation as to whether or not personal data concerning them is being processed, where and for what purpose. Further, the controller shall provide a copy of the personal data, free of charge, in an electronic format. This change is a dramatic shift to data transparency and empowerment of data subjects. Right to be Forgotten
Also known as Data Erasure, the right to be forgotten entitles the data subject to have the data controller erase his/her personal data, cease further dissemination of the data, and potentially have third parties halt processing of the data. The conditions for erasure, as outlined in article 17, include the data no longer being relevant to original purposes for processing, or a data subjects withdrawing consent. It should also be noted that this right requires controllers to compare the subjects’ rights to “the public interest in the availability of the data” when considering such requests.

Data Portability

GDPR introduces data portability – the right for a data subject to receive the personal data concerning them, which they have previously provided in a ‘commonly use and machine readable format‘ and have the right to transmit that data to another controller.

Privacy by Design

Privacy by design as a concept has existed for years now, but it is only just becoming part of a legal requirement with the GDPR. At it’s core, privacy by design calls for the inclusion of data protection from the onset of the designing of systems, rather than an addition. More specifically – ‘The controller shall..implement appropriate technical and organisational measures..in an effective way.. in order to meet the requirements of this Regulation and protect the rights of data subjects’. Article 23 calls for controllers to hold and process only the data absolutely necessary for the completion of its duties (data minimisation), as well as limiting the access to personal data to those needing to act out the processing.

Data Protection Officers

Currently, controllers are required to notify their data processing activities with local DPAs, which, for multinationals, can be a bureaucratic nightmare with most Member States having different notification requirements. Under GDPR it will not be necessary to submit notifications / registrations to each local DPA of data processing activities, nor will it be a requirement to notify / obtain approval for transfers based on the Model Contract Clauses (MCCs). Instead, there will be internal record keeping requirements, as further explained below, and DPO appointment will be mandatory only for those controllers and processors whose core activities consist of processing operations which require regular and systematic monitoring of data subjects on a large scale or of special categories of data or data relating to criminal convictions and offences. Importantly, the DPO:

  • Must be appointed on the basis of professional qualities and, in particular, expert knowledge on data protection law and practices
  • May be a staff member or an external service provider
  • Contact details must be provided to the relevant DPA
  • Must be provided with appropriate resources to carry out their tasks and maintain their expert knowledge
  • Must report directly to the highest level of management
  • Must not carry out any other tasks that could results in a conflict of interest.​

Information from the EUGDPR.org website.

by 10 May 2018
Spring Statement 2018

Spring Statement 2018

News

VAT and tax

The government has started a consultation on changes to VAT system following an Office of Tax Simplification report last year which said that some entrepreneurs don’t grow their business because of the tax impact when they reach the £85,000 VAT threshold.

Possible measures include a gradual introduction of 20% VAT above £85,000.

The government is also seeking evidence on how online marketplaces can help people who sell products through online platforms such as Amazon and eBay pay the correct announce of tax.

Hammond said the government is investigating a new “VAT collection mechanism to ensure the VAT consumers pay actually reaches the Treasury”.

Business rates

In the 2017 Autumn Budget, it was announced that business rates revaluations will take place every three years, rather than every five years, following the next revaluation in an effort to “make bills more accurately reflect the current rental value of properties”.

The Spring Statement announces that the next revaluation, due in 2022, will be brought forward to 2021. “This will mean businesses can benefit from the change to three-year revaluations earlier, with the first taking place in 2024”, the government said.

Apprentices

The government will release £80m to help small businesses recruit apprentices.

Late payment

Philip Hammond announced a review into the “scourge of late payment”.

Skills and training

Measures are being explored on extending tax relief for training by employees and the self-employed to support upskilling and retraining.

Productivity

The government is to investigate measures to “understand how best to help the UK’s least productive businesses”.

Human capital and the economy

The government has tasked the Office of National Statistics with working “on a better assessment of human capital, so investment can be better directed”.

Digital payments

A consultation has been launched on “cash and digital payments in the new economy”.

It will explore “how the government can support digital payments and ensure that the ability to pay by cash is available for those who need it, whilst cracking down on the minority who use cash to evade tax and launder money.”

Entrepreneurs’ Relief

The government has announced a consultation on changes to Entrepreneurs’ Relief “to ensure that it does not discourage entrepreneurs from seeking external finance for their companies”.

At present, entitlement to the special 10% rate of capital gains tax may be lost when an entrepreneur’s company issues new shares and as a result, causes their personal stake to fall below 5%.

The government proposes allowing an individual in this position to elect to be treated as if they had disposed of their shares and reacquired them at their market value just before the time the company issued new shares.

This article appeared on the Enterprise Nation website on the 13th of March 2018

by 14 Mar 2018