Business and Other Briefings

FSA: The Financial Services Authority's (FSA) enhanced strategy for small firms will kick off in Northern Ireland in March 2008 with the first of a rolling programme of assessments that will cover 11,300 retail intermediaries in the next three years.
 
The new measures will test the progress being made by financial advisers, mortgage intermediaries and general insurance brokers, towards Treating Customers Fairly (TCF).  A progress report last year found that only 41% of small firms were meeting the TCF deadlines.
 
In addition to the new measures for small firms, the Small Firms Division and FSA Contact Centres, which includes the Firm Contact Centre, are joining together on 1 February 2008, to give a more consistent and streamlined service to small firms.
Press release ~ FSA - Small Firms ~ Treating Customers Fairly (TCF)
 
BERR: A Department for Business, Enterprise and Regulatory Reform (BERR) survey found 40% of businesses questioned as part of planning for its new employment law guidance campaign, said they were likely to seek outside advice for employment issues in the next year.
 
BERR is set to contact around 400,000 small businesses as part of a campaign to make sure they know how to access free help from the Business Link (Employing People) website, which provides simple, practical advice & guidance on the full range of employment issues. The siteincludestools, calculators and interactive guides to help businesses understand their legal obligations.
Press release ~ Business Link – Employing People
 
BERR: New guidance for business on the definition of a "package" holiday has been published, which provides greater certainty for the travel industry on what is a complex area. Package holidays offer safeguards not available with other types of travel and these benefits mean different legal obligations for the businesses selling them – See ‘Consultations’ section
 
HMRCRevenue & Customs Brief 03/08
This Brief gives details of an article: Capital Gains Tax and Corporation Tax on chargeable gains; contribution of assets to a partnership.
Build Back Better: Location Intelligence in Healthcare