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2021

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Friday Brief Intro 12/03/2021

Good morning and welcome to this week’s Friday Brief.

Your weekly roundup this week starts with news that business travel is changing and there are details of which visas and work permits will be required on the government website. We strongly recommend you check out which work permits/documentation you might require so you’re not caught out.

Similarly, we have details on the rule changes coming into force with regards to immigration and how the new points-based immigration system will function from the Spring.

Sticking on a Brexit theme, we have details of updates to the Trade and Cooperation agreement (TCA) and what this means for business with Northern Ireland as well as further information around Incoterms and what they mean for VAT.

Following last week’s budget, we’ve got further details of the Super-deduction that was announced as well as skills and development features and what it means for business and young engineers.

In Standards new this week we have an update to our Standard booklet, with information on the committees the MTA attends and standards under revision. On that note, we’ve a separate story on two of these new proposals under consultation; the first is on Guide to the Sustainable Design and Application of Robotic Systems and the second is on Additive manufacturing - Non-destructive testing. Find out more below.

If you’re looking to have your business practices acknowledged you can sign up to the Good Business Charter today and as long as you meet commitments in each of the 10 key areas you will receive GBC accreditation.

Finally, we have details of a virtual event taking place next week; the National Manufacturing Summit. The event has a great selection of speakers and keynote presentations and is not to be missed- make sure you register your space(s) today!

That is all this week. We’ll be back next Friday and, as always, would like to wish you a good weekend.

New rules on business travel

New rules on business travel

In a recent letter to business the Rt Hon Kwasi Kwarteng MP, Secretary of State for Business, Energy & Industrial Strategy, has said “In my recent conversations with business and trade associations, I’ve been hearing about how businesses are successfully adapting their processes and seizing new opportunities now that we have left the EU. It has been encouraging to learn about business plans for growth once coronavirus travel restrictions are lifted.

ARE INCOTERMS THE KEY TO VAT IN POST-BREXIT TRADE?

ARE INCOTERMS THE KEY TO VAT IN POST-BREXIT TRADE?

The International Chamber of Commerce (ICC) publishes “incoterms” – this is a set of 11 internationally recognized rules which define the responsibilities of sellers and buyers.  Incoterms specifies who is responsible for paying for and managing the shipment, insurance, documentation, customs clearance, and other logistical activities.  These are important because they define who is responsible for the tasks, costs and risks to be borne by buyers and sellers in commercial transactions.  The correct incoterm may have changed as a result of Brexit and the requirement to have economic entities

Super-deduction Explained

Super-deduction Explained

Following details of the super-deduction in last week’s budget we’ve got further details about what it means for members. A massive thank you to the British Compressed Air Society for sharing their explainer document with us below.

Firstly, feedback is welcome on the measures as the government is keen to hear your views.

Two new Proposals for wider circulation

Two new Proposals for wider circulation

This week we have two new proposals from BSI for Members who may wish to comment, the first is on Guide to the Sustainable Design and Application of Robotic Systems and the second is on Additive manufacturing - Non-destructive testing.

Proposal: Guide to the Sustainable Design and Application of Robotic Systems.

Please visit http://standardsdevelopment.bsigroup.com/projects/9021-05214

Comment period end date: 01/04/2021

Scope

The Good Business Charter

The Good Business Charter

The Good Business Charter is a simple accreditation which organisations in the UK can sign up to in recognition of responsible business practices.  It measures behaviour over 10 components:  real living wage, fairer hours and contracts, employee well-being, employee representation, diversity and inclusion, environmental responsibility, paying fair tax, commitment to customers, ethical sourcing, and prompt payment. A company must meet commitments in each of these 10 areas to receive GBC accreditation. 

The National Manufacturing Summit

The National Manufacturing Summit

The National Manufacturing Summit is bringing together the many voices of our manufacturing industry as one, focussing on celebrating manufacturing's resilience, ingenuity, and diversity, enabling change for a sustainable future. 

The event will hear from key influencers, who will provide a ‘state of the nation’, review progress on emerging technologies, and a presentation from ‘new’ sectors. The Summit will provide a framework as to how the sector can contribute to the national recovery, built on resilience, innovation, and the re-shoring of our industry.