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The Community Channel has just launched a competition, in partnership with The Sunday Times to find The Social Entrepreneur of the Year.

The competition is calling for nominations for inspirational social entrepreneurs who are running a project or organization that is making a significant positive impact on the world around them by tackling or helping to reduce one or more social problems. It could be a person who runs an educational club, which takes young people off the streets and gives them a constructive and positive hobby or someone helping to provide local healthy food for the community by running communal gardens. In short we want to celebrate amazing and inspiring individuals who are coming up with innovative and enterprising solutions to tackle problems.

The winner of the competition will be featured in an interview in the Sunday Times newspaper, be showcased in a special episode of UK360 on Community Channel, a programme dedicated to sharing the most inspiring local stories from across the UK, will receive a raft of advice from communications professionals at the Sunday Times and be given a grant of £500 to further their work through digital media.

The Community Channel is a national TV station which has been running for over 15 years and is dedicated to untold and inspiring stories from charities and communities across the UK. Media Trust who own the Community Channel are a media charity and work to give people a voice and amplify the work of young people, charities and marginalised communities across the UK. Media Trust’s trustees include Mark Thompson (BBC), Sophie Turner Laing (Sky), Jon Snow and Matt Brittin (Google). Celebrity ambassadors they have worked with in the past include: Sir Trevor McDonald, Jesse J, Diana Vickers, Dizzee Rascal, Russell Brand, Martha Kearney, Adam Boulton, Jenson Button, Jon Snow and Miquita Oliver.

Click Here to apply.

If your heart sinks every time anyone mentions VAT, you’re far from alone!

However, one piece of good news is that the European Commission has put forward a proposal to make things more straightforward for international traders trying to grapple with the tax administrations in several different countries and in different languages.

If approved, this proposal should become reality in 2015.

For more details, please read the article below:

“Doing business in more than one Member State often means dealing with several tax administrations in different languages. Coping with multiple VAT obligations can accordingly be both burdensome and costly for companies. With this in mind, the European Commission has put forward a proposal which it sees as a first step towards a One Stop Shop for all electronically delivered services which, if approved, will benefit businesses from 1 January 2015.

As set out in last December’s Commission Communication on the future of VAT (COM(2011) 851), the One Stop Shop approach for EU trade across borders will be applied first to e-commerce, broadcasting and telecom services. In the future the Commission will seek to extend the concept on a gradual basis to other goods and services.

Since July 2003, such a system has been in place to simplify VAT obligations for non-EU suppliers of electronic services to EU consumers. The system has functioned well, the Commission argues, allowing non-EU traders who are liable to pay VAT in the Union to choose a single place for VAT compliance. Via this single electronic portal, a single VAT declaration and payment is submitted. On the basis of the information supplied, this payment is allocated automatically to the different Member States where VAT is due.

The VAT Directive (2006/112/EC) provides that, as from 1 January 2015, all telecommunications, broadcasting and electronic services are to be taxed in the Member State in which the customer is established or has his or her permanent address or usual residence, regardless of where the taxable person supplying these services is established. As the VAT becomes due where the customer belongs, this makes it necessary to broaden the current scope of the existing One Stop Shop system. Currently, a scheme is already in operation for non-EU businesses supplying electronic services. The scheme will now extend to both EU and non-EU businesses and – in addition to electronic services – will incorporate telecommunications and broadcasting services.

It will allow suppliers to use a web portal in the Member State in which they are identified to account for the VAT due in other Member States on supplies of these services to private consumers. Where a VAT return is incomplete or incorrect, is submitted late or the payment of VAT is late, any interest, penalties or any other charges due will be paid directly to the Member State of consumption.

The proposed measures only relate to those aspects (definitions, scope of the schemes, reporting obligations, identification, exclusion, VAT returns, currency, payments, records) for which a common understanding is needed before designing the IT systems. Other measures, notably relating to the determination of the location of the customer, will be proposed by the Commission at a later stage.

The intention is to extend the One Stop Shop to even more activities, including supplies of goods. The Commission has at this stage called on all Member States to agree to these measures in 2012 as a common approach is seen as key to designing the IT systems which will provide the necessary exchange of information between tax authorities in 27 Member States and to ensure its full implementation by 2015.

Algirdas Semeta, Commissioner for Taxation, Customs, Anti-fraud and Audit, said: “The complexity of the current EU VAT system is an obstacle to doing business in the Single Market. The One Stop Shop will greatly facilitate cross border expansion of European start ups. This in turn will help to generate growth and jobs.”

The full text of the draft regulation, amending Regulation 282/2011 which provides binding rules on the application of certain provisions of the VAT Directive, can be found here.”

BBCThree TV series ‘Be Your Own Boss’

Richard Reed, co-founder of innocent Drinks, has up to £1million that he is making available to entrepreneurs with brilliant business ideas. He wants to give the next generation of Great British entrepreneurs a helping hand in getting started.

To take part in this exciting new BBC Three TV series, you need to be over 18 and have either started a small business or have a great idea.

Apply for your slice of Richard Reed’s investment fund, up to £1m available Click Here

The application process is open for a limited time so if you’ve got a great business idea apply asap!

HMRC plans to implement a change on 1 April 2012, bringing forward the due date for the submission of Intra-Community Trade Statistics (Intrastat) to the 21st day of the month following the month in which the trade occurred, eg data for April 2012 should reach HMRC by 21 May 2012.

Successive supplementary declarations will then need to reach HMRC by the 21st of the following month, or the last working day before then.