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Business and Other Briefings
No10: ‘Business in You’, a major new campaign aimed at inspiring people to start or grow their own businesses and helping small businesses & entrepreneurs understand the array of information & help available from the Government & private sector has been launched by the Prime Minister.
HRMC: HMRC is reminding VAT-registered businesses that all VAT returns must be submitted online from this spring, meaning paper returns will soon be a thing of the past.
Every VAT-registered trader not already required to submit online will receive a letter from HMRC in February 2012, advising them of the change, and what steps they need to take. To submit your VAT return online, you need to be registered & enrolled for HMRC’s VAT Online Service.
Every VAT-registered trader not already required to submit online will receive a letter from HMRC in February 2012, advising them of the change, and what steps they need to take. To submit your VAT return online, you need to be registered & enrolled for HMRC’s VAT Online Service.
BIS: Companies of all shapes & sizes have been asked for their views on how to tackle unnecessary bureaucracy in company and commercial law. For the next 3 weeks, the latest phase of the Red Tape Challenge will focus on more than 120 company law regulations, guidance & enforcement processes that businesses deal with on a daily basis.
The campaign asks for a variety of suggestions about how regulations can be improved, simplified or abolished, whilst maintaining a company law framework that gives companies the flexibility to compete and develop effectively.
DWP: A revised timetable for when employers of all sizes must start enrolling their staff in a workplace pension has been set out by the Government. The level of pension contributions will be phased in over time to help employers & individuals adjust. Full contributions will have to be paid from 1 October 2018. A consultation & draft regulations with more detailed information will be published shortly.
FSA: Martin Wheatley, managing director of the Financial Services Authority (FSA), has outlined a new orthodoxy & regulatory approach for the future of conduct regulation – getting a fair deal for consumers.
With just over a year to go before the successor bodies to the FSA take over, Martin who is also CEO designate of the Financial Conduct Authority (FCA), told a British Bankers’ Association audience that ‘it was time for a new approach to get the right outcomes for consumers’.
This Brief explains HM Revenue & Customs policy on claims for VAT on goods on hand at registration that are received from persons who were previously registered
