Business and Other Briefings

MoD: The Ministry of Defence has launched a new initiative to help Small and Medium Enterprises (SMEs) to win more defence contracts, by lowering the threshold value for advertising MOD contracts. From 30 April, the threshold for 'warlike' requirements will be lowered from £500,000 to £93,000.

From 30 June 2007, it will be lowered again to £40,000 and the threshold for 'non-warlike' requirements will also be reduced on 30 June 2007 from £93,000 to £40,000.

Furthermore, from the 30 June, MOD project teams will be encouraged to consider advertising requirements with values as low as £20,000, which could generate up to 7,000 additional adverts a year.
Press release ~ Defence Industrial Strategy ~ Defence Acquisition Change Programme (DACP) ~ Acquisition Operating Framework (AOF) ~ Defence Equipment and Support

PR: The Pensions Regulator has issued a reminder to parties considering corporate transactions - the underlying principle for considering clearance is whether the event is financially detrimental to the ability of the pension scheme to meet its pension liabilities. The reminder comes ahead of a planned update to clearance guidance during the summer.

Press release ~ Abandonment Discussion Paper ~ Responses ~ Pens ions Regulator – Regulatory clearance

HMRC: Revenue & Customs Brief 38/07
This Brief gives details of an article :Relaxation of the Registered Dealers in Controlled Oil scheme (RCDO).