Business and Other Briefings
ScotGov: Under the new Tobacco and Primary Medical Services (Scotland) Act, retailers intending to sell tobacco have been reminded that they have until 1 October 2011 to sign up to a new national register. Registration is quick & free and can be done in a number of ways, including going on-line & completing a web-based form. More than 5,000 have already signed up.
Defra: Businesses up & down the country are being invited to contribute ideas on how the Government can cut red tape & regulatory burdens without affecting its responsibilities to protect the environment. For the next 3 weeks the Red Tape Challenge (RTC) will be focusing on the 287 environmental regulations that apply to businesses, covering issues such as waste, emissions and wildlife protection.
FRC: Companies should improve the way they report to investors on the key strategic risks facing their businesses, according to 2 new reports published by the Financial Reporting Council (FRC).
The ‘Turnbull Guidance’ will be updated, and the FRC will consider whether changes may also be needed to the UK Corporate Governance Code to reflect lessons from its work on risk and ensure the conclusions of the on-going Sharman Enquiry on going concern and liquidity risks are taken fully into account.
The ‘Turnbull Guidance’ will be updated, and the FRC will consider whether changes may also be needed to the UK Corporate Governance Code to reflect lessons from its work on risk and ensure the conclusions of the on-going Sharman Enquiry on going concern and liquidity risks are taken fully into account.
FRC: Proposals to simplify the financial & corporate reporting requirements for the smallest businesses are the subject of a Discussion Paper published recently by the Department for Business, Innovation and Skills (BIS) and the Financial Reporting Council (FRC).
‘Simpler Reporting for Smaller Businesses’ sets out ideas to reduce the amount of reporting micro-entities would be required to undertake. This could benefit around 5m businesses and result in considerable cost savings in relation to the preparation of their accounts.
The paper is not intended as a statement of Government policy. It has been developed to stimulate discussion and gather evidence before the Government decides whether to take forward any further action in this area. Written responses to the proposals should be provided by 30 October 2011..
Brief outlining HMRC's position after the Dransfield Novelty Company and others Tribunal decision concerning the duty liability of lottery machines.
This brief explains HMRC's policy following the First-Tier Tribunal decision in the case of Reed Employment Limited.
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