Business and Other Briefings
HMRC: HMRC has launched a new online video to help employers reduce the problems caused by inaccurate employee data.
BIS: An innovative online training tool has been launched to help get thousands of experienced business people mentoring SMEs. The new training tool is part of the recent Get Mentoring scheme that is recruiting 15,000 new mentors to help entrepreneurs fulfil their potential.
HMRC: Electricians around the country will start receiving letters this month from HMRC warning them to pay any undisclosed taxes. Under a special, time-limited tax opportunity, electricians can pay the tax they owe, with lower penalties.
CBI: Improved access to more varied sources of finance would help SMEs and the wider economy, but barriers to increasing non-bank lending also need to be tackled, the CBI said recently. Although businesses are understandably more risk-averse because of the fragile state of the economy, making sure firms have greater access to alternative sources of finance will be vital when it comes to securing growth and supporting the recovery.
FRC: The Financial Reporting Council has taken steps to promote a better understanding of explanations under its 'comply or explain' approach to corporate governance in a paper published recently. The paper, which is based on discussions between senior company & investor representatives facilitated for the FRC by the London Business School, notes a very high level of compliance with the UK Corporate Governance Code.
It says that a large majority of companies who do not comply with one or more provisions of the Code provide a full explanation of their reasons. However, a minority do not and the paper is intended to help address this by setting out clearly what practitioners expect.
Press release & links ~ Report of discussions between companies &investors: What constitutes an explanation under 'comply or explain'?
Press release & links ~ Report of discussions between companies &investors: What constitutes an explanation under 'comply or explain'?
