FSB Newsletter - Friday 14 May 2021

News 14 May 2021

COVID-19: THE LATEST

For all the latest news and updates, visit our Covid-19 hub. 

TRANSITION

The transition period came to an end on December 31 2020. If you are a UK business which trades with Europe, you will need to change your procedures and complete additional paperwork. See FSB's transition hub for further advice. 

NEWS & OPPORTUNITIES

Queen's Speech

Following the Queen's Speech, FSB has called on government to ensure that small firms are central to the country's economic recovery, including efforts to level up. Additionally, small firms are urging action on late payments, employment costs and infrastructure. In the Times, FSB Chair Mike Cherry said that we needed to see small firms supported throughout the "transition to a truly sustainable economy."

NLW survey

FSB members please check your inbox for our latest survey on the impact of the recent increases to National Living Wage on your business. FSB will use this research to inform our response to government and to the Low Pay Commission. The survey will close on Thursday 20 May. Complete the survey here.

Brexit Fund webinar

Join FSB next week for a webinar on the recently launched SME Brexit Support Fund. The session will cover what's on offer, how businesses struggling with EU export or import can benefit, and how they can apply. We will be joined by Lord Agnew, Minister of State at the Cabinet Office and HM Treasury. Register here.

Tax credits views

The Government is reviewing R&D Tax Reliefs and how they operate. So if you claim the R&D Tax Relief, you could help us shape our contribution to the review. If you want to offer your thoughts, get in touch with [email protected]

EU Settled Status deadline 

If you or a member of your staff is an EU, EEA or Swiss citizen, you and your family can apply to the EU Settlement Scheme to continue living in the UK after 30 June 2021. You can also apply if you're the family member of an eligible person of Northern Ireland. The deadline for applying is 30 June 2021. You must usually have started living in the UK by 31 December 2020. For more information visit here.

Right to work checks

The temporary COVID-19 adjusted right to work checks will now end on 20 June 2021, and from 21 June 2021 employers will revert to face to face and physical document checks as set out in legislation and guidance. This is aligned with the easing of lockdown restrictions and social distancing measures, as set out in the government's roadmap for England and those of the devolved administrations. 

Business in Belgium

BritCham EU & Belgium is hosting a free workshop on 19 May for UK businesses considering moving their workforces to, or growing their workforces in, Belgium. The workshop aims to help UK-based businesses better understand the processes involved in managing or establishing a workforce in the EU - covering immigration, social security, and employment law. Speakers include Sammy Mahdi, Belgian Secretary of State for Migration and Asylum. Find out more here.

Supplementary declarations

HMRC is hosting a webinar on supplementary declarations for businesses which have imported goods since 1 January 2021 and not yet completed a customs declaration. The session will cover what information is required, the timeline for providing this information and how intermediaries can help. Find out more and register for one of the planned sessions here.

Reverse charge webinar

If you're in the construction sector, then find out when to apply the VAT reverse charge, how to show the reverse charge on your invoices, how your business may be affected and what to do if you make a mistake when applying the reverse charge.  Register for a free HMRC webinar here.

This week in Parliament

The State Opening of Parliament took place on Tuesday. The Queen's Speech contained 31 bills. 

Some legislation rolled over from the last Parliament, such as the Environment Bill, which FSB has contributed oral evidence to. 

New bills of interest include the post-16 Skills bill, planning reforms and the national insurance Bill. There were also pledges by the Government on improving infrastructure.

During the Queen's Speech debate, Sarah Olney, Lib Dem spokesperson for Small Business, mentioned FSB in the context of businesses coming out of the last lockdown with much higher debt levels. 

Labour leader Sir Keir Starmer has reshuffled his Shadow Cabinet. Rachel Reeves has now taken up the post of Shadow Chancellor, with Anneliese Dodds becoming Chair of Labour's policy review. 

JOIN BIG VOICE AND MAKE YOUR BUSINESS HEARD

Big Voice is FSB's unique online research community for members. 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 you.