Business Regulation

Late payment a problem, VAT cut of little help, say businesses

A new survey has revealed that for many firms delays in invoice settlement are on the increase, while the reduction of the VAT rate has not been effective in tackling the downturn in business.

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Red tape imposing costly 'burden' on European businesses

The cumulative cost to Europe’s businesses of the various regulations and rules with which they must comply amounts to €1 trillion over the past 11 years, it has been claimed.

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Sick notes to be replaced with 'fit notes'

The government has unveiled the introduction of a new ‘fit note’ scheme aimed at encouraging employees to stay in work rather than join the long-term sick.

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Default retirement age should be dropped

Laws that allow employers to oblige employees to retire at 65 should be scrapped.

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Inefficient scrutiny of EU regulations hurting UK firms

The lack of a proper relationship between the UK’s regulatory system and that of the EU is compromising the competitiveness of British businesses, it has been claimed.

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Strict new measures to back employment tribunal payments

New enforcement measures are to be introduced to make sure that employers pay the full amount of any tribunal awards.

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Health and safety should be treated seriously by smaller firms

Small businesses are being urged to be mindful of complying with the rules on health and safety ahead of the publication of a new official strategy.

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Europe should suspend introducing new employment regulations

Ahead of the forthcoming European elections, the British Chambers of Commerce (BCC) has called on the European Commission to place a moratorium on all new employment laws.

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Length of employment can be a factor in redundancy decisions

A ruling by the Court of Appeal has opened the door to taking the length of time an employee has been working for a firm into account when making decisions about redundancies.

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Late payment culture a ‘barrier’ to economic recovery

Problems with late payments and unilateral changes to payment terms and conditions have been described by a business group as one of the main barriers to a return to economic growth.

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