Government delay new manufacturing UK safety standards

Government delay new manufacturing UK safety standards

The government has decided to give manufacturers an additional year to comply with the new UKCA mark. The UKCA mark is a safety regulation that will be used to certify that a wide range of manufacturing products meet UK safety standards. Manufacturers were due to comply with this new requirement from 1 January 2022. However, the government decided to extend this deadline by a year to 1 January 2023. Therefore, UK manufacturers will continue to follow the rules of the EU’s CE mark for an additional year.

 

Why has the government decided to extend?

The government has said that they have decided to extend this deadline due to the fact that firms are currently struggling with the disruption caused by Brexit and the global pandemic. Therefore, they would like to give manufacturers more time to adapt to these new rules.

Business leaders said that implementing the rules in 2022 would have a significant effect on the economy at such a delicate time. In addition, these changes would have forced some companies to follow both rules if their business exported manufactured products into EU countries. However, the government believes that this will allow the UK to control and maintain its own high-level safety standards.

This rule is the latest of post-Brexit rules to be delayed by the government following fears of how the new rules will affect the overall economy during a global pandemic. It is likely that we will see the implementation of other new rules delayed as the UK’s primary focus is to build the economy back to pre-pandemic levels.

 

How can we help?

At Hawsons we have a dedicated team of manufacturing and engineering accountants at our offices in Sheffield, Doncaster, and Northampton.

Our specialist team offers a wide range of services which are tailored to meet your individual needs. Our understanding of the issues faced by the manufacturing and engineering businesses means that we can proactively seek out ways for you to maximise your profitability and minimise your tax liabilities.

Free initial meeting

Chris Hill

Senior Partner, Sheffield

0114 266 7141

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The Government introduce an insurance scheme for events

The Government introduce an insurance scheme for events

The Government and Lloyds have partnered together to introduce the Live Events Reinsurance Scheme. The purpose of this scheme is to provide support for live events in the UK that are available to the general public. For example, this would include:

  • Music festivals
  • Business events
  • Theatre performances
  • Comedy events

 

The scheme will cover costs incurred from events that are legally obliged to cancel due to Government Covid restrictions. In this scheme, the Government will act as the ‘reinsurer’ as they will step in and guarantee that insurers can offer the products that events companies need. The scheme will be available from September 2021 and will end at the end of September 2022.

 

What does this mean for the events industry?

The introduction of this insurance scheme will allow the events industry to start planning events without having to worry about the event being cancelled at a later date if the government reinforces Covid-19 restrictions. In turn, more event organisers will have the confidence to start event planning which will bring more money into the UK economy.

Industry experts have welcomed the news of this new insurance scheme, however, some have questioned the timing of the introduction and asked why the scheme wasn’t introduced earlier.

 

How can we help?

Hawsons has a dedicated team of specialist leisure and hospitality accountants in Sheffield, Doncaster, and Northampton.

As the sector continues to become ever more challenging, with changes in fierce global, national and regional competition leading to unrelenting pressures to maintain margins, it is more crucial than ever to seek sound and proactive advice.

At Hawsons our dedicated team offer professionals advice and guidance that is tailored to our clients individual needs and requirements, providing a full range of proactive services.

Free initial meeting

Richard Burkimsher

Richard Burkimsher

Partner, Northampton

01604 645 600

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New £20M funding launched for UK manufacturers

New £20M funding launched for UK manufacturers

A new £20M funding programme is set to launch across the UK for manufacturers. The aim of the programme is to help manufacturers overcome supply chain issues caused by the global pandemic. The programme will aim to do this by assisting manufacturers with the integration of advanced digital technologies. The funding has come from UK Research and Innovation and the Made Smarter Innovation programme who will be contributing a combined £10M between them. In addition, £10M has been invested by the private sector.

 

How will manufacturers benefits?

The partners of this programme will work with technology companies, researchers, and academics across the UK to develop an ecosystem for UK manufacturers that is resilient, competitive, and sustainable. This will enable UK manufacturers to solve multiple challenges that they face in today’s supply chain.

 

What projects will the funding be used for?

The Made Smarter Digital Supply Chain Innovation Hub will work together with UK based manufacturers and universities on multiple projects that aim to increase current expertise and increase commercial integration of industrial digital technologies. This includes:

The Last Mile Living Lab: This is used to develop and investigate the challenges and often expensive last mile of delivery and how to improve the efficiency and cost of this.

Digital Enabled Manufacturing Sourcing: The aim of this project is to increase capacity utilisation and production flexibility.

Differentiator: A project that aims to deliver new supply chain models for medicine, on-demand.

The Connect Tempest: This project aims to invent a digital test bed to increase innovation across a number of tiers of supply chain networks that is also collaborative and secure.

The announcement of this new funding is exciting for manufacturers across the UK, especially after such a difficult year due to the pandemic. This new funding will enable manufacturers to implement new technology and innovation to become more efficient and help them recover from the global pandemic.

 

How can we help?

At Hawsons we have a dedicated team of manufacturing and engineering accountants at our offices in Sheffield, Doncaster, and Northampton. Our specialist team offers a wide range of services that are tailored to meet your individual needs. Our understanding of the issues faced by the manufacturing and engineering businesses means that we can proactively seek out ways for you to maximise your profitability and minimise your tax liabilities.

Free initial meeting

Chris Hill

Senior Partner, Sheffield

0114 266 7141
Charity Shop Volunteers Fall as Spending Increases

Charity Shop Volunteers Fall as Spending Increases

Since the start of the pandemic, it is estimated that charity shops have lost approximately 45,000 volunteers according to the Charity Retail Association (CRA). Compared to 2019 volunteer numbers have decreased by around 20%. With charity shop spending increasing by around 16% year on year, this has left some charity shops struggling with staffing issues.

 

Charity shop volunteers have decreased

Before the first national lockdown in 2020, there were a total of 233,000 volunteers who worked in charity shops across the UK. With volunteers now down by around 20%, many charities are struggling to replace volunteers who are yet to return. However, those volunteers who have returned have been doing a great job since reopening with many shops now outperforming pre-covid sales with fewer staff. Charities are hoping that charity shop volunteers will start returning once the pandemic calms and the vaccine rollout progresses. However, health concerns are worrying factors for the elderly and clinically vulnerable who may understandably not feel comfortable returning to volunteering at this moment in time. In addition, lockdown may have caused some volunteers to find new interests which reduces their likelihood of returning.

 

Charitable donations increase by 16%

Data from Nationwide has shown that charity shop spending and charitable donations have risen dramatically between April and June 2021. Nationwide transactions showed that charitable spending increased by 16% in the second quarter of 2021 compared to the first quarter. This included charity shop spending, donations, and direct debits. This shows that charities have seen a much-needed lift in donations in the second quarter of 2021, especially welcome after over a year of various lockdown measures that prevented charities from maintaining previous levels of fundraising.

 

How can we help?

At Hawsons we have a dedicated team of charity accountants at our offices in Sheffield, Doncaster, and Northampton. At Hawsons we recognise that not-for-profit organisations have very different requirements from other businesses and are currently exposed to a challenging economic climate.

Our dedicated team fully understands the complex, ever-changing regulatory requirements of the charity and not-for-profit sector. Irrespective of your size we wish to support you to maximise the benefits you could achieve through our specialist professional advice.

Free initial meeting

Simon Bladen

Partner, Sheffield

0114 266 7141

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Material shortages causing construction problems

Material shortages causing construction problems

After a promising few months of record-breaking growth in the construction sector, the IHS market index has registered as 58.7 in July. It is important to note that this means there is still growth in the industry as any score above 50 demonstrates growth. However, this is a substantial decrease from the previous month’s score of 66.3. Is this a signal that the backlog of construction work that built up over the pandemic is starting to run out?

 

Why has growth shrunk so suddenly?

There have been reports of widespread supply issues across the sector with over 80% of those surveyed in the industry reporting rising costs in July and 66% reporting longer delivery times. This is most likely to do with the shortage of haulage drivers in the UK at the moment. This is making it extremely difficult for constructions firms to source building materials which is resulting in productivity being reduced. In addition, the Royal Institute of Chartered Surveyors has predicted that costs of building materials are likely to increase by 10% over the next 12 months. It is believed that the price increase is linked to issues that are unique to the UK. For example, a shortage of haulage drivers, impact of Covid on the supply of materials, Brexit trade frictions, and a shortage of contractors.

Another reason why growth has shrunk so suddenly is that some construction firms have said that pent-up demand is starting to ease resulting in lower growth for new orders.

 

How can we help?

At Hawsons we have a dedicated team of property and construction accountants at our offices in Sheffield Doncaster and Northampton.

Having an accountant who understands the challenges of this dynamic sector and is able to help you plan for the future is an advantage in a competitive environment. At Hawsons we have a great deal of experience in advising and helping businesses in property and construction and we can assist you as your business grows.

Our in-house tax team have advised in many aspects of taxation specific to the property investor including in the areas of VAT, Capital Allowances, Income, and Corporation Tax and Capital Taxes.

Free initial meeting

Stephen Charles

Tax Partner, Sheffield

0114 266 7141

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