Monthly Archives: August 2013

Customer data rights awareness

Under the Data Protection Act, any business, organisation or sole trader handling personal individual information has a legal obligation to protect this data. According to the Information Commissioner's Office (ICO), consumers are showing an increasing awareness of how their data should be handled, with a knock on effect to their attitude towards businesses. It prompted the Information Commissioner, Christopher Graham, Continue Reading
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Employee-owned businesses and tax incentives

The Government is increasing the number of tax incentives associated with employee share schemes in a bid to boost the number of John Lewis-style, employee-owned businesses in the UK. The independent Nuttall Review in 2012 concluded that companies operating in this model are more resilient during economic downturns, have a faster job creation rate and higher levels of commitment from Continue Reading
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Business red tape – cuts and new regulations

Published twice a year, the Government's Statement of New Regulations details all regulations – including EU measures – due to come into effect over the following six months. As part of the Government's ongoing drive to reduce the red tape burden on businesses, July's statement introduces 11 measures: five de-regulatory measures; three new measures which are likely to cost businesses; Continue Reading
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Taxation of loans to directors and shareholders about to change.

The Government have launched yet another consultation, this time they are considering changes to the way in which loans to directors and shareholders of small companies are taxed. Currently, if these loans are unpaid at the end of the company’s accounting year, an additional corporation tax charge equal to 25% of the loan outstanding will be payable unless the loan Continue Reading
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