Friday Brief Intro 13/01/2023

Good afternoon and welcome to the Friday Brief. We hope you are all having a great 2023 so far.

First up this week some interesting news for you. A system update on 30th December caused the CDS to duplicate VAT charges on certain declaration and therefore businesses may have overpaid VAT on declarations. HMRC have a solutions however if you could not benefit from these, take a look at the points below.

The government has sketched out plans to support firms with their energy costs, after the current scheme runs out at the end of March. The new Energy Bills Discount Scheme is far less generous than that announced by Liz Truss. It is capped at £5.5 billion over 12 months rather than the £18 billion cost over six months of the Truss scheme. Rather than a price cap, the latest initiative is built on a discount on the unit rate beyond the wholesale price. Find out more in the story.

The Engineer, Eureka!, Manufacturing Management, Machinery and New Electronics represent five brands in engineering media and between them, they cover the manufacturing cycle from design to production. What all these brands have in common is a commitment to focusing on, amplifying and celebrating the achievements of engineers of all disciplines and manufacturing of all types.Check out more details below.

On 24 October 2022, the latest version of ISO 27001 was published with a new title ‘Information security, cybersecurity and privacy protection — Information security management systems — Requirements’ reflecting a broader context with an expanded focus on preventing, detecting and responding to cyberattacks as well as protecting information and data. In this webinar, URM will be honing in on those changes which are likely to be the most challenging to address. Read the story below.

That is all the news stories we have for this week. Economic News will be back next Friday. Have a great weekend!

Engineering & Manufacturing Awards- Free to enter for MTA & EIA Members!

The Engineer, Eureka!, Manufacturing Management, Machinery and New Electronics represent five brands in engineering media and between them, they cover the manufacturing cycle from design to production.What all these brands have in common is a commitment to focusing on, amplifying and celebrating the achievements of engineers of all disciplines and manufacturing of all types. MTA & EIA Members […]

ISO 27001:2022 – What’s new?

DATE: WEDNESDAY 18 JANUARY 2023 TIME: 11:00 – 12:00 LOCATION: ONLINE Key changes as you transition to the new Standard ‍On 24 October 2022, the latest version of ISO 27001 was published with a new title ‘Information security, cybersecurity and privacy protection — Information security management systems — Requirements’ reflecting a broader context with an expanded focus on […]

Energy Bills Discount Scheme

GUIDANCE FOR FIRMS THAT HAVE PAID DUPLICATE VAT CHARGES ON CDS

A system update on 30th December caused the CDS to duplicate VAT charges on certain declaration and therefore businesses may have overpaid VAT on declarations. HMRC have contacted customers using Duty Deferment Accounts (DDA) to recommend that they submit a Current Month Adjustment (CMA) form to correct any overpayments. For those businesses who could not […]