Business and Other Briefings

BIS: More than 100,000 UK businesses could save £ms in annual accountancy & administration costs under reduced auditing & reporting requirements announced last week. The Government’s response to the consultation on Audit Exemptions and Change of Accounting Framework confirms plans to allow more companies to make a commercial decision about whether or not to have a statutory audit. The regulations are expected to come into force for accounting years ending on or after 1 October 2012..
Press release & links
 
DWP: New analysis by the DWP reveals that builders, waiters & gardeners are among those who will benefit most from automatic enrolment into workplace pensions starting next month.
Press release & links
 
HMRCRevenue & Customs Brief 27/12
This Brief announces publication of guidance (in the form of 7 information sheets) on the changes to address VAT borderline anomalies announced at Budget 2012.
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