Latest News

Automakers pull models, halt output as WLTP deadline roils European market

A portable emissions measurement system measures real-driving emissions on a Citroen C4. Photo credit: Reuters
A double shot of new emissions tests is shaking up the European auto market this year, disrupting production and sales, and weighing on automakers’ profits.

The two tests are the WLTP, or Worldwide harmonized Light vehicles Test Procedure, and its on-road companion, the […]

By |August 15th, 2018|Latest News|

Honeywell Optimistic on Future Turbo Sales into Hybrid Vehicles

TRAVERSE CITY, Mich. — The industry may be entering the age of electrification and automated driving, but larger numbers of vehicles using electric motors and driving themselves won’t slow the growth of turbochargers, says Craig Balis, chief technology officer of Honeywell Transportation Systems.

The way Balis sees it, turbochargers complement hybrids that use a gasoline or […]

By |August 15th, 2018|Latest News|

The UK Challenger Fund Invests in VN-HPG 3rd Round & VN-ADS 2nd Round Funding

The UK Challenger Fund closed a £60,000 investment in VN H- Power Generation Ltd’s Third Round Raise valuing VN-HPG at £10.3m and a £200,000 investment in Vn Aerotoxic Detection Solutions Ltd valuing VN-ADS at £2.3m

Jasper Smith of General Investment Partners the Funds mentors said:

“The UK Challenger Fund is designed to identify early stage, growth ventures […]

By |April 6th, 2018|Latest News|

HMRC wins £18m tax avoidance case

HM Revenue and Customs has defeated a tax avoidance scheme used by the wealthy to reduce their tax bills.

The decision on the scheme, known as Clavis Liberty Fund 1 Limited Partnership, means £18m of tax money will be paid to HMRC, cash that ultimately goes to the government to be used on public services.
HMRC said the Upper Tribunal’s […]

By |October 28th, 2017|Latest News, Uncategorized|

Credits roll on tax breaks for film investors

High-risk venture: tax breaks which financed James Bond are coming under fire
Film investment schemes that have helped finance a string of hits, including the James Bond movie Skyfall, are under threat from a government review of business funding.

Curbs to the Enterprise Investment Scheme (EIS) — where investors are given tax breaks for backing high-risk ventures […]

By |October 10th, 2017|Latest News|

HMRC crackdown brings in £29bn from tax dodgers

HMRC brought in an extra £29bn by cracking down on the minority of individuals and businesses who try to not pay the tax they owe.

The figure is revealed in its annual reports and accounts for 2016/ 2017 published on 13 July, which also showed improved customer service.

Last year was HMRC’s seventh consecutive year of record total […]

By |July 14th, 2017|Latest News|

US Senator Moves to Amend FAA Section 2315 Aircraft Air Quality Code

Richard “Dick” Blumenthal the senior United States Senator from Connecticut moves an amendment to improve the safety of air supply on commercial aircraft.
His amendment to title 49 of the United States Code regarding authorisation of appropriations for the Federal Aviation Administration (FAA) seeks funding to include under Section 2315 Aircraft Air Quality the following:

Educational […]

By |July 10th, 2017|Latest News|

AEROTOXIC SYNDROME: A NEW OCCUPATIONAL DISEASE?

A recent report published by the World Health Organisation states that Aircraft air supplies contaminated by pyrolysed engine oil and other aircraft fluids can reasonably be linked to acute and chronic symptoms, findings and diagnoses, thus establishing causation.
The aim of the study was to undertake an in-depth investigation of aircrew involved in suspected aircraft contaminated air […]

By |July 10th, 2017|Latest News|

SAE Aerospace CounciI Propose New Cabin Air Quality Standards

The SAE has proposed that an independent technical committee to develop aerospace industry standards to measure cabin air quality on aircraft be set-up in the face of ongoing legal action by crew against manufacturers and operators alike.

SUMMARY

In November 2016, IATA requested that SAE International develop a standard or standards covering portable and fixed installation sensors […]

By |March 29th, 2017|Latest News, Uncategorized|

HMRC wins £26m film partnership case

HM Revenue & Customs has won a £26m tax avoidance case against film partnership schemes that acquired interests in films including The Queen and the Roman Polanski remake of Oliver Twist.

The Court of Appeal dismissed appeals from Proteus Film Partnership and Samarkand Film Partnership, upholding a previous judgment that they were not trading and no […]

By |March 17th, 2017|Latest News|