Monthly Archive February 25, 2022

Are you prepared for payroll changes this April?

Employers have been urged to prepare for changes to automatic enrolment, the minimum wage, and taxes this April.

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HMRC to close helplines one day a week to clear backlog

VAT and Corporation Tax helplines at HM Revenue & Customs (HMRC) will close for one day a week to help clear the backlog built up during the COVID-19 pandemic.

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What is ‘greenwashing’ and how can you spot it?

With climate change on most people’s agenda, and an increasing pressure on individuals to operate in an environmentally friendly way, companies may use this to their advantage to secure investment.

‘Greenwashing’ is when companies market themselves as being environmentally friendly, but do not actually act on this.

As being eco-conscious is a growing trend, with more people opting to invest in green companies, being able to spot firms that are trying to fool you is important for protecting your investment.

According to the Investment Association, one in three pounds of net retail sales were spent on responsible products in 2021.

Some misleading claims may be framed ambiguously by using terms such as ‘sustainable’ and ‘eco-friendly’; it is important for firms to properly define how their operations are eco-friendly, rather than using a blanket statement.

How to protect your investments

If you are looking to shift towards sustainable investing, then the concept of greenwashing can be off-putting.

The Government’s Roadmap to Sustainable Investment (which was released in October last year) includes guidance for companies on how to avoid greenwashing, as well as outlining the UK Green Taxonomy which sets out to define what is considered to be sustainable activity.

The Competition and Markets Authority (CMA) has also released the Green Claims Code to help businesses understand how their environmental claims may be obligated to comply with consumer protection law.

There are some simple steps that can be taken to ensure that your investment is going where you think it is:

  • Check the portfolios of the company you wish to invest in
  • If some of the wording is unclear, ask for examples and evidence of how they achieve this
  • Consult the Government’s roadmap to define sustainable activity

If you require support with related matters, contact our experts today.

UK cyber security industry breaks growth records despite pandemic

The UK cyber security industry grew by a record-breaking 14 per cent throughout the coronavirus pandemic, a major study has revealed.

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Marriage allowance and how you can save on your tax bill

The Beatles sang about All You Need is Love, but in a week that includes Valentine’s Day, that love could come in the form of tax relief through Marriage Allowance.

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NFT fraudsters arrested by HMRC

Three people have been arrested on the suspicion of attempting to defraud HM Revenue & Customs (HMRC) for a total of £1.4 million.

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Agricultural businesses, landowners and charities invited to apply for funding under first round of Landscape Recovery scheme

Farmers, landowners, and agricultural businesses have been invited to apply for grant funding to restore nature, reduce flood risks, and boost biodiversity.

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Hidden charges alert as 2.3 million miss Self-Assessment deadline

To many taxpayers, it must seem like the ongoing effects of the pandemic are an endless nightmare of tax deadlines, after the endless nightmare of lockdowns.

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British IPOs raise more in 2021 than in any other year since 2007

British initial product offerings (IPOs) raised more funding in 2021 than in any other year since 2007, figures have revealed.

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What the Government’s Levelling Up White Paper means for businesses

Every part of England will be given “London-style” powers and a mayor in a bid to level up the nation, it has been announced.

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