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The Big Cwtsh

Blog posts

Latest podcast from Phil Evans and Robert Lloyd

Posted By RobertLloyd58

The latest podcast from Phil Evans and Robert Lloyd.

The Big Cwtsh (Episode 29) is now on Soundcloud.

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Mark Jones

News

The latest Clay Shaw Butler Money Matters column

Posted By RobertLloyd58

By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants. This Money Matters column appears in the Pembrokeshire Herald, Carmarthenshire Herald and Llanelli Herald.

 

The taxman at HMRC is working with more than 150 software suppliers who have said they will provide software for Making Tax Digital for VAT (MTDfV) in time for April 2019.

From April 1, 2019, businesses will be mandated to use the MTDfB system to meet their VAT obligations under MTDfV.

Only businesses with a taxable turnover above the VAT threshold (currently £85,000) will be required to use MTDfV.

However, HMRC is piloting the new system, on a small scale, from April 2018.

HMRC has advised that more than 40 suppliers have said they will have software ready during the first phase of the pilot and other software suppliers are expected to follow.

HMRC will open up the pilot to allow more businesses and agents to join later in 2018.

HMRC has advised that the list will be updated as more software meets the criteria.

HMRC are advising businesses to check with their existing software supplier to find out if they will be supplying suitable software.

You can contact the team at Claw Shaw Butler chartered accountants in Carmarthen for help with Making Tax Digital for VAT.

Meanwhile, HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.

HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before September 30 to avoid higher tax penalties.

New legislation called ‘Requirement to Correct’ requires UK taxpayers to notify HMRC about any offshore tax liabilities relating to UK income tax, capital gains tax, or inheritance tax.

The most common reasons for declaring offshore tax are in relation to foreign property, investment income and moving money into the UK from abroad.

HMRC has stated that over 17,000 people have already been in contact to notify they have tax due from sources of foreign income, such as their holiday homes and overseas properties.

The Financial Secretary to the Treasury, Mel Stride MP, said:

“Since 2010 we have secured over £2.8bn for our vital public services by tackling offshore tax evaders, and we will continue to relentlessly crack down on those not playing by the rules.

“This new measure will place higher penalties on those who do not contact HMRC and ensure their offshore tax liabilities are correct. I urge anyone affected to get in touch with HMRC now.”

From October 1, more than 100 countries, including the UK, will be able to exchange data on financial accounts under Common Reporting Standard (CRS).

It is expected that the CRS data will significantly enhance HMRC’s ability to detect offshore non-compliance and it is in taxpayers’ interests to correct any non-compliance before that data is received.

Taxpayers can correct their tax liabilities by:

  • Using HMRC’s digital disclosure service as part of the Worldwide Disclosure Facility or any other service provided by HMRC as a means of correcting tax non-compliance.
  • Telling an officer of HMRC in the course of an enquiry into your affairs.
  • Or any other method agreed with HMRC.

Once a taxpayer has notified HMRC of their intention to make a declaration, by the deadline of September 30, they will then have 90 days to make the full disclosure and pay any tax owed.

To ensure there is an incentive for taxpayers to correct any offshore tax non-compliance on or before September 30, there are increased penalties for any failures to correct by that date.

If taxpayers are confident that their tax affairs are in order, then they do not need to worry. However, if you are unsure, please contact the team at Claw Shaw Butler on 01267 228500.

Internet link to the Government website –

https://www.gov.uk/government/news/hmrc-warns-its-time-to-declare-offshore-assets

 

You can find out more about money matters on the Clay Shaw Butler website (under our news for business section) –

http://www.clayshawbutler.com/news/latest-news-for-business

We have a strong and experienced team with great local knowledge all geared-up to helping you get the very best from your finances – whether that is as an individual or as a business.

We stay ahead of the game by putting great store by continual professional development for our staff.

With Investors In People status at Clay Shaw Butler, we care passionately about making sure our staff have all the tools they need to serve you, our customers.

 

Weblink – http://www.clayshawbutler.com

The team at Clay Shaw Butler can be contacted on 01267 228500.

The team at Clay Shaw Butler are on Twitter. Look for @clayshawbutler.

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News

Free online course supports Welsh Bacc students

Posted By Robert Lloyd

Aberystwyth University and the University of Bath have worked in partnership to produce a free online course to help pupils studying the Welsh Baccalaureate.

Launched at Aberystwyth University on Friday 7 September 2018, the Massive Online Open Course (MOOC) will be available in Welsh and English.

How to Succeed in Your Welsh Bacc: The Individual Project Essentials / Sut i Lwyddo yn dy Fagloriaeth: Hanfodion y Prosiect Unigol has been designed to support post-16 students in Wales who are working towards the Advanced Skills Challenge Certificate.

The MOOC will offer practical support to pupils and will take two weeks to complete from the point of enrolment (approximately three hours study per week).

Openly published and free to access, the Welsh Baccalaureate will be the first Welsh-medium MOOC to be offered on FutureLearn, the leading social learning platform owned by The Open University.

Kirsty Williams, Welsh Government Cabinet Secretary for Education, said: “The Welsh Baccalaureate prepares individuals for further education, training and future employment, and I urge everyone working towards achieving the Advanced Skills Challenge Certificate to take full advantage of this free and accessible platform. Ensuring students have the support they need to reach their full potential is crucial. It’s a pleasure to see institutions working collaboratively, across the border, to help individuals succeed in gaining this qualification.”

The new online course builds on the work already carried out by Aberystwyth University to support schools offering the Welsh Baccalaureate.

Since 2012, the University has been welcoming learners from across Wales to Aberystwyth to take part in the one-day Welsh Bacc Experience at Aberystwyth – a joint initiative between the University, the National Library of Wales and the Welsh Government.

To date, more than 2,700 sixth-form students have completed the Welsh Bacc Experience with Aberystwyth hosting 73 visits by schools and colleges.

Professor Elizabeth Treasure, Vice-Chancellor of Aberystwyth University, said: “One of the aims of the Welsh Baccalaureate Advanced Skills Challenge Certificate is to equip post-16 students with the essential skills they need to go on to their next destination – be that university, further training or employment. As a University, we have worked with schools in Wales on developing some of those key transferrable skills and offering expert guidance on how to research, write and reference the individual project component of the qualification. By launching this bilingual Massive Online Open Course, we aim to give schools and colleges in Wales an additional toolkit which they can use as part of this valuable learning process.”

Mike Nicholson, Director of Undergraduate Admissions and Outreach at the University of Bath, said: “The University of Bath is delighted to have worked in collaboration with Aberystwyth University in the development of the bilingual Welsh Baccalaureate MOOC. We recognise the value that additional breadth of study, particularly the development of project skills, gives to students. We give additional credit to students applying to Bath who achieve a B grade in the Skills Challenge Certificate, and many of our students find that they can use their experience when securing placement or internship opportunities, which we offer in all our degree courses.

Caroline Morgan, Welsh Baccalaureate Framework Manager for the Welsh Joint Education Committee, said: “I am very appreciative of Aberystwyth University and the University of Bath for bringing their expertise and experience to provide an online research course for students in Wales.  Both universities have developed this bilingual online course that will be available free to all Advanced Welsh Baccalaureate students to support them in completing their Individual Project. The WJEC Welsh Bacc team have provided guidance in developing this project, and I am sure the students and their teachers will be extremely grateful.”

Emma Davies, Head of the Welsh Baccalaureate at St John’s the Baptist School in Aberdare, said: “The Individual Project is increasingly becoming part of the university application process and many students include it as part of their personal statements so to have an online resource that can support them at each stage of the process will improve their confidence and attainment not only for the Individual Project but also to prepare students for Higher Education.”

How to Succeed in Your Welsh Bacc: The Individual Project Essentials / Sut i Lwyddo yn dy Fagloriaeth: Hanfodion y Prosiect Unigol will be available on the FutureLearn social learning platformfrom Monday 10 September 2018.

Schools and colleges interested in arranging a Welsh Bacc Experience at Aberystwyth should contact the University’s Schools Liaison Team on 01970 621735.

Photo: Aberystwyth University and the University of Bath have jointly launched a Massive Online Open Course for post-16 students studying the Welsh Baccalaureate.

Links:

AU Schools & Colleges Liaison
www.aber.ac.uk/en/undergrad/schools

University of Bath www.bath.ac.uk

FutureLearn www.futurelearn.com

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Press releases

Latest news from Swansea Bay Business Club

Posted By Robert Lloyd

Latest news from Swansea Bay Business Club –

September Lunch 2018
with Chris Jones, Dwr Cymru

Swansea Bay Business Club is pleased to announce that Chief Executive of Welsh Water, Chris Jones, will be joining us for our first networking lunch after our traditional summer break.

The lunch will be hosted at the Liberty Stadium in Swansea, on Friday September 28 at 12:15 for a 1pm lunch, kindly sponsored by Lloyds Bank.

Chris became the Chief Executive of Welsh Water in 2013 having previously held the role of Finance Director at the not-for-profit company for over 12 years. Before joining Welsh Water in 1995, Chris was a Director at National Economic Research Associates and also worked for HM Treasury.

He will be discussing his career path that has led him to the helm of Wales’ biggest water provider as well as talking about what the future holds for the water industry in Wales.

If you are interested in booking, you can reserve either full tables or individual seats for networking purposes on our website.

Tickets for Swansea Bay Business Club’s September lunch with Chris Jones are priced at £25 per member and £30.50 for non-members. This will include a two-course lunch. Bookings for this event can be made here and will close at midnight on Friday 21st September.

Prior to the event all guests are invited to attend a session with Tidal Lagoon Power to hear a presentation by Mark Shorrock (CEO).

The event will present members with the opportunity to discuss the progression of a new delivery plan directly with the developers following the UK government’s disappointing decision not to back the Swansea Bay Tidal Lagoon.

Guests will be encouraged to feed in the views from the local business community.

This pre-event presentation will take place in a the Gower Suite in the Liberty Stadium at 11am, concluding at 12pm in time for the lunch. To register your attendance at this free pre-event please sign up separately to the main lunch event here.

If you have any further questions please e-mail info@swanseabaybusinessclub.com or call 03300 417180.

Paul Gardner
President
Swansea Bay Business Club

Upcoming Events

Celebration Event: Re-arranged St. David’s Day lunch with guest speaker, Jonathan Davies OBE – Sponsored by Andrew Scott
18 October 2018. Click here for more information or to book.

Beaujolais Day Lunch 2018 with comedian Tiff Stevenson
15 November 2018. Click here for more information or to book.

Christmas Lunch 2018 with Stifyn Parri
14 December 2018. Click here for more information or to book.

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Press releases

Pupils put an end to dog fouling outside their school

Posted By Robert Lloyd


Primary school children get together to put an end to dog fouling outside their schools.

The Federation of Carwe, Gwynfryn and Ponthenri schools have been working hard to raise the issue of dog fouling issues in their villages.

The pupils decided that they’d had enough and wanted to stop this disgusting and dangerous problem happening outside their schools and on their streets.

A blog was created where pupils discussed the issue with children throughout Carmarthenshire, receiving ideas on what they could do to resolve the issue. They also decided to write to the local Community Council to highlight the issue.

A poster design competition was held in each school, and the winning artwork was turned into a banner and displayed in a prominent position on the school fence.

The pupils’ hard work has paid off, with a reduction of dogs fouling in the area, although there is still a lot more work to be done.

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News

New outdoor seating area at Jenkins Bakery in Cross Hands

Posted By Robert Lloyd

There’s a new outdoor seating area at the Jenkins Bakery Cross Hands branch.

The new area was unveiled this summer at the popular coffee shop and bakery.

Area manager Fiona Snook said the new seats would be a welcome addition to the branch.

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