Skip To The Main Content
24 August 2018

Weekly Brief 34 - Friday 24 August 2018

A wrap of the week’s small business news from FSB’s Westminster Press, Policy and Public Affairs Office. To sign-up for Weekly Brief emails, please use this link.

Dangers of a chaotic no-deal Brexit laid bare

Responding to the release of the first no-deal Brexit technical notices from the Government, which cover customs, tariffs and VAT, Mike Cherry reiterated the importance for small businesses to have guidance and support in the event of a no-deal scenario:  “the smallest firms will be the least able to cope with a cliff-edge moment”. FSB attended the speech made by DExEU Secretary Dominic Raab on Thursday, in which he set out the measures the Government is taking in order to prepare for a no-deal Brexit. FSB spokesperson Louise Stewart provided reaction to the speech on last night’s ITV News at 10 and Mike Cherry’s comments appeared on the front page of today’s Financial Times.  

Export ambition must be matched with action

The Government’s new Export Strategy was released on Tuesday, outlining plans to increase the number of UK businesses trading overseas. Responding, Mike Cherry said that – although the document was strong on aspiration –  it lacked detail on concrete interventions or real money. “If the Government doesn’t act quickly and introduce financial incentives like export vouchers and grants”, he added, “there is a risk the current uncertainty will have a serious and detrimental impact on the growth of small businesses.” Read more here.

Making suppliers heard on Sainsbury’s/Asda deal

This week the Competition & Markets Authority announced that consideration of the impact on suppliers will be a focal aspect of its investigation into the proposed tie-up between supermarket giants Sainsbury’s and Asda. The announcement follows high-profile interventions from FSB on this issue in recent weeks. FSB has welcomed the CMA’s approach.     

Concerned about digital tax reporting costs?

As part of the Making Tax Digital (MTD) initiative, businesses with a turnover above the VAT threshold will have to submit tax records digitally for VAT purposes from 2019. The most up-to-date list of MTD software providers can be found here. If you’re concerned about the costs of quarterly digital tax reporting – or you’ve received an expensive quote for access to MTD software – we want to hear from you. Please contact Matt Dickinson and Lorence Nye.     

Check your inbox for the latest Big Voice survey

If you’re a member of the Big Voice community, please check your inbox for our latest Brexit survey.

Big Voice is FSB's unique online research community and it's free for members to join. By responding to one of our surveys, members give us the evidence we need to engage with politicians around the world on the subjects that matter to small firms. Join today for free to make sure your voice is heard.