Latest News
New measure against VAT fraud
Measures aiming to make it harder for organised criminals to steal VAT from the UK taxpayer will be introduced on 1 June 2007 by HM Revenue & Customs (HMRC).
Major ruling on sexual harassment
Small firms are being warned to prepare for new employee sexual harassment rights following a major High Court ruling.
HMRC cash incentives continue
The cash incentive scheme for employers annual tax returns is set to continue. Businesses with fewer than 50 employees may be eligible for £150 tax-free, if they submit their Employer’s Annual Return online.
Comsumer Credit Act 2006
If your firm is one of the 100,000-plus firms that holds a Consumer Credit Act Licence in the UK, and you have not already taken steps to prepare for the new rules you will be in danger of breaking the law after 6th April 2007, and could face costs of up to £100,000.
SMEs should take heart
While businesses of all sizes are starting to invest in the wellness of their employees by introducing company health schemes, gym memberships and stop-smoking initiatives, they are overlooking the UK’s biggest killer, sudden cardiac arrest (SCA) says a campaign to raise awareness on the issue.
SME incur environmental costs
The Federation of Small Businesses has welcomed the announcement from the Department of Trade and Industry on the implementation of the Waste Electrical and Electronic Equipment Directive.
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Red tape battle rolls over
Despite the Government vowing to reduce the red tape burden for small businesses by only introducing new legislation in April and October, small business owners would be wise not to take their eye off the ball during 2007.
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Regulation debate rages
The Forum of Private Business (FPB) has welcomed a report by the Better Regulation Commission (BRC), which identifies the emergence of a ‘culture of risk-aversion’ in the UK.
Health and safety tops SME costs
A survey of around 500 businesses conducted by the Forum of Private Business (FPB) has shown that complying with health and safety regulations is considered the costliest form of ‘red tape’ for small firms.
Minimum wage laws flouted
British workers were underpaid to the tune of over £3 million by employers paying below the minimum wage last year, with some outrageous excuses offered, according to HM Revenue & Customs.
From sunstroke to lawsuits
After the scorching weather of July, employment law experts are warning small businesses that skin cancer caused by employees’ long-term exposure to the sun could become an even bigger insurance threat to businesses than asbestos.
Companies Act sparks concern
The Companies Bill, the longest piece of legislation ever passed in the UK, has received ‘royal assent’ making it law, despite concerns from some organisations over a clause which may force firms to invest in new tools to improve supply chain visibility.
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Bully law to hit small firms
A landmark ruling in the House of Lords could have opened the door for employers to be held responsible for workplace bullying by their employees, warns the Forum of Private Business.
How to comply with green laws
By law, small businesses have many environmental responsibilities but a great deal of them have little or no idea what they are. However, a free online assessment tool aims to help keep small firms on the right side of environmental legislation.
Get ready for age laws
With three months before age discrimination laws come into effect small businesses have been urged to start preparations now by Confederation of British Industry deputy director general John Cridland.