Government services and information website, Gov.uk has a dedicated section to business. The site has in-depth information on:
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Business tax >
Employing People >
Expenses and employee benefits >
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Accountancy Directory >
Below is a series of links to support that is available to assist businesses in becoming more efficient:
The British Gas Energy Efficiency Fund is designed to help micro-businesses manage their energy costs in the long-term, by providing free expert advice and energy efficiency measures.
The Carbon Trust helps businesses to reduce energy consumption and carbon emissions. Business can access a wealth of help and information on the Carbon Trust's website.
• Free energy saving helpline
• Enhanced Capital Allowance tax relief scheme
• Online tools to help you create your Energy Reduction Action Plan or calculate your company's carbon footprint
Contact: Please call the Carbon Trust 0800 085 2005
Carbon Trust Implementation Services and Siemens Financial Services have combined forces and together are offering leases, loans and other financing options to all types of organisations seeking to reduce their energy use. New, more efficient equipment should lower energy bills and with payments calculated so that they may be offset by the anticipated energy savings, the financing option is designed to pay for itself.
Who's Eligible: Energy Efficiency Financing is available for all kinds of organisations, from sole traders and partnerships through to large corporates, local authorities and other public sector organisations. Incorporated businesses must have been trading for more than 12 months, whilst non-incorporated businesses must have been trading for at least 36 months.
What's Available: Financing from Siemens Financial Services can be arranged from £1,000 with no upper limits. Many types of project will be considered provided they meet the scheme's energy and carbon saving requirement.
Contact: For further information please call Siemens Financial Services on 01753 434476 or email firstname.lastname@example.org.
Enhanced Capital Allowance Scheme
The Enhanced Capital Allowance scheme (ECA) is a straightforward way for a business to improve its cashflow through accelerated tax relief. The ECA scheme for energy saving technologies encourages businesses to invest in energy saving plants or machinery specified on the Energy Technology List (ETL) which is managed by the Carbon Trust on behalf of the Government.
What's Available: The ECA scheme provides businesses with 100% first year tax relief on their qualifying capital expenditure. The ETL specifies the energy-saving technologies that are included in the ECA scheme. The scheme allows businesses to write off the whole cost of the equipment against taxable profits in the year of purchase. This can provide a cash flow boost and an incentive to invest in energy-saving equipment which normally carries a price premium when compared to less efficient alternatives.
Who's Eligible: The scheme is open to all businesses that pay UK corporation tax, regardless of size, location and sector.
Set up by Yorkshire Forward to help the region's businesses to cut waste, reduce emissions and drive growth, CO2Sense helps organisations to meet the challenges of climate change and seize opportunities. Working through a wide range of projects and partnerships with organisations support is available to all business in areas such as:
• Sourcing and generating low carbon energy
• Helping green businesses to prosper
• Improving resource efficiency
Contact: For further information please call C02Sense on 0845 872 0102 or email email@example.com
In November 2011 the Government launched the Renewable Heat Incentive. The scheme is designed to increase the uptake of renewable technologies by providing a financial incentive to install renewable heating in place of fossil fuels. Funding of £860M has been made available to support the scheme from 2011-2015.
Eligible technologies and fuel uses include: solid and gaseous biomass, solar thermal, ground and water source heat-pumps, on-site biogas, deep geothermal, energy from waste and injection of biomethane into the grid.
The owner of the heat installation or the producer of biomethane will claim and receive RHI payments, which will be made quarterly over a 20 year period.
Phase 1 of the RHI scheme is now open for applicants and will target support to the large emitters within the non-domestic sector covering large-scale industrial heating to small business and community heating projects.
Ofgem is responsible for implementing and administering the RHI on behalf of the Government.
Contact: Please call the Ofgem E-serve RHI enquiry line on 0845 200 2122
Following the consultation on the Green Deal launched by the Government on 23rd November 2011 a new funding package worth £200M has been announced to provide a special time-limited ëintroductoryí offer aimed at stimulating the early take up of the Green Deal energy efficiency scheme.
One of the benefits of the new scheme will be to enable every British business to install packages of energy saving technologies such as insulation without any upfront outlay. Repayments will be made over time from the energy savings made.
Contact: For more information please call the Energy Saving Advice Service on 0300 123 1234.
The Green Investment Bank will address market failure and unlock private investment into green infrastructure projects. Further details have yet to be announced but offshore wind, non-domestic energy efficiency and waste are sectors that are likely to be eligible for intervention.
In the 2011 budget the Government gave a commitment to fund the Green Investment Bank with £3Bn over the period to 2015. From April 2012 the Government will make direct, state-aid compliant investments in green infrastructure projects until these investments can be transferred to the Green Investment Bank.
The Green Investment Bank will evolve over three phases:
• Incubation from 2012 to State Aid approval. Government will make direct investments
• Establishment as a stand-alone institution following approval
• Full borrowing powers from 2015, subject to public sector net debt falling as a percentage of GDP
HM Revenue & Customs Enterprise Support
Take a look at HM Revenue and Customs guidance and support to help people in business get their tax affairs right. Unlike traditional classroom learning, you can access this modern, simplistic education at a time convenient to you, either from the comfort of your own home or on the move. You won’t have the stress of worrying about running late or finding a parking space - you can access all this information at your fingertips from the internet at home, at work or anywhere and you can revisit this learning as many times as you need. HMRC’s aim is to build your confidence on tax matters by providing easily accessible support in a variety of different formats. Look below now to find one that suits you.
HMRC have some fantastic e-learning products for people starting in business. Access the link here to the most popular title working for yourself. It covers everything you need to know about starting and running a business. You can work through this at your own pace and dip in and out to suit your own needs. Thousands of businesses have already used these and found they are a great way of learning. Why not give it a try now?
HMRC run a wide variety of webinars (online presentations) which will help you get things right for your business from the start. Webinars last less than an hour and you can either choose between a pre-recorded webinar available at any time or a live and interactive webinar where you also get the opportunity to ask questions. Take a look at the link for all the webinars here and try one for yourself or go direct to one of HMRC’s most popular webinars ‘Record Keeping for the Self-Employed’ by click here.
Sign up for HMRC’s free email service. Receive a series of tax related emails at specific times to let you know what you need to do to keep your tax affairs in order. These emails remind you when you need to submit your tax returns, make payments to HMRC and what records you need to keep. To sign up, click here.
Record Keeping Mobile Apps
There are a range of Smart phone Record Keeping Apps supplied by third parties to help you run your business.Take a look at what’s available here.
Tax Help Fact Sheets
Have a look at HMRC’s Tax Help Fact Sheets.They cover a range of subjects such as Self-Assessment, Expenses and Allowances for the Self-Employed, Employing someone for the first time, VAT and Limited Companies to name a few. Take a look here to see what’s available for you.
If you are looking for ‘bite-sized- chunks of information on a range of tax matters, why not access HMRC’s YouTube channel. There are numerous YouTube clips to help you, some lasting for less than one minute! Take a look here to see what’s available.