Young entrepreneurs are set to benefit from an £80 million-plus fund designed to help up to 30,000 businesses get off the ground. The £82.5 million StartUp Loan scheme, launched on 28 May, will give young people aged 18-24 access to support to help them develop a business plan and to training.
The UK’s creative industries are set to benefit from tax reliefs that are among the most generous in the world, according to the government. It has published a consultation on measures announced in the 2012 Budget, introducing tax reliefs targeted at animation, high-end TV and video games production.
Proposals that could cut the length of time employers have to consult with their employees on large scale redundancies by up to a third have been published by the government.
New taskforces have been launched by HM Revenue & Customs (HMRC) in a bid to recover more than £23 million in unpaid tax.
Inheritance tax (IHT) is set to be included in new anti-abuse rules designed to tackle tax avoidance schemes. The government launched a consultation on the proposed General Anti-Avoidance Rule (GAAR) on 12 June, which would apply to the main direct taxes and national insurance. It also proposes an extension of the rule to inheritance tax.
More than 1,000 people are taking a step towards a new career by booking a start-up market pitch as part of a UK-wide Love Your Local Market campaign.
Businesses and other organisations operating websites have been told that regulators want “good compliance, not rushed compliance” with a law requiring them to gain visitors’ consent before logging information about them.