New statutory payment rates for 2023-24

New rates for statutory payments in force from April 2023. Employers should be aware that from April 2023 a number of statutory payment rates increase for the 2023-24 financial year. Statutory Maternity, Paternity, Shared Parental and Adoption Pay From Sunday 2 April 2023, Statutory Maternity Pay, Statutory Paternity Pay, Statutory Shared Parental Pay, Statutory Adoption…

Applications are now OPEN for Scaling The Edge 10X

APPLY NOW! This 8-week programme will enable SME companies and early stage start-ups, within Northern Ireland, to innovate faster, maintain a competitive position in global markets and increase productivity. What’s on offer? Expert training in early stage innovation commercialisation. A fully funded 8-week programme with an allocation of up to 4 ‘Seats’ per team. £5,000…

Spring Budget 2023

How does the Budget affect Northern Ireland businesses? The Chancellor, Jeremy Hunt, delivered his Budget statement on Wednesday 15 March 2023. We have summarised the key points from the Spring Budget and specific issues affecting Northern Ireland businesses. Economic forecasts Growth forecast -0.2% in 2022-23 1.8% in 2023-24 2.5% in 2024-25 2.1% in 2025-26 1.9%…

The King’s Awards for Enterprise

Northern Ireland businesses will be invited to apply for the UK’s most prestigious business award when applications open in May The Queen’s Award for Enterprise has been renamed following the Accession of King Charles III. The Awards will become The King’s Award for Enterprise. The King’s Awards for Enterprise recognise and encourage the outstanding achievements…

New VAT penalties and interest payments

HM Revenue and Customs (HMRC) is reminding VAT-registered businesses to file their returns and pay on time, ahead of new penalties being applied. The new penalties will be fairer and more proportionate for businesses who submit their VAT returns or pay their VAT late. The first monthly returns and payments affected by the penalties are due by 7 March…