ofgem Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/ofgem/ Chartered Accountants & Business Advisors Fri, 05 Jan 2024 11:59:00 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg ofgem Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/ofgem/ 32 32 Greater protection for businesses under new Ofgem proposals https://www.wrloaccountants.co.uk/greater-protection-for-businesses-under-new-ofgem-proposals/ Thu, 04 Jan 2024 14:15:34 +0000 https://www.wrloaccountants.co.uk/?p=3966 Proposals to provide greater protection to UK small businesses on energy bills have been launched by the energy regulator Ofgem. Ofgem’s proposals will help to ensure businesses receive the highest standards of service and more clarity on the costs being paid to third party brokers. Ofgem said that it has listened to business groups, who warned that firms require more support with energy issues and has developed the proposals to ‘ensure better deals, better protection and more clarity for businesses‘. The energy regulator has opened a consultation on the implementation of a new set of rules for suppliers to make sure they improve customer service and clearly outline costs for customers. Tina McKenzie, Policy Chair at the Federation of Small Businesses, said: ‘We welcome the launch of the consultation on Ofgem’s proposals to provide greater protection for businesses. It shows the energy regulator has listened to our calls to take action against poor customer services and narrow the treatment gap between small businesses and domestic customers.’ Internet links: Ofgem website FSB website

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]]> September 2022 https://www.wrloaccountants.co.uk/september-2022/ Mon, 05 Sep 2022 10:47:54 +0000 https://www.wrloaccountants.co.uk/?p=3710 In this month’s Enews we consider the latest news on Making Tax Digital for Income Tax (MTD for IT) and increases to the energy price cap. We also update you with the warnings on a possible Emergency Budget and the latest rates of inflation. With news on the advisory fuel rates for cars and the use of cash, there is a lot to update you on. HMRC releases more details MTD for Income Tax Ofgem raises energy price cap by 80% Treasury Committee warns government against ‘flying blind’ with Emergency Budget Experts warn inflation could keep rising in 2023 Energy firms call for windfall tax to be scrapped by 2025 TUC urges government to raise NMW ‘immediately’ Report finds decline in the use of cash is easing Advisory fuel rates for company cars HMRC releases more details MTD for Income Tax HMRC has published more details on how Making Tax Digital for Income Tax (MTD for IT) will work for buy-to-let landlords and sole traders with qualifying income over £10,000. The new income tax framework for MTD for IT will be mandatory from 6 April 2024. HMRC is now asking for users to sign up for the test phase. The new […]

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