Business management

Budget 2011: business reaction (I)

By and large, business groups extended a welcome to the Budget, but some expressed doubts about whether the Chancellor had done enough to stimulate a private sector led recovery.

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New regulation date looms

Each year, the government introduces regulatory changes affecting businesses on two common commencement dates. These dates are 6 April and 1 October.

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Fuel duty may be held in the Budget

The Chancellor may be planning a freeze on fuel duty in the forthcoming Budget.

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Health and safety rules to see reform

Health and safety regulation will in future focus on high hazard sites and tackling rogue employers and consultants, not tying up the vast majority of Britain’s businesses in unnecessary red tape and regulations, a series of planned changes to the regulatory system has made clear.

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Go further on employment law reforms, says CBI

Measures need to be adopted to reduce the level of regulation on smaller firms, the CBI has claimed.

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Tax group welcomes small business proposals

The Chartered Institute of Taxation (CIOT) has given a warm response to the review of small business taxation carried out by the Office of Tax Simplification.

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PAYE changes are too hurried

Reforms to the PAYE system are being rushed through at too quick a pace, it has been claimed.

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Employment tribunal system in need of repair

Over two thirds of employers believe that the current employment tribunal system offers them no protection against employees who make wholly unjustifiable claims.

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Business record checks could be expensive for smaller firms

Plans by HM Revenue and Customs (HMRC) to scrutinise the record keeping of smaller firms could prove costly for many enterprises, it has been claimed.

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