Oct 11, 2024 | Business Regulation
As part of the Economic Crime and Corporate Transparency Act 2023, Companies House is introducing tougher penalties for companies that fail to comply with registration requirements. These new rules aim to combat corruption, money laundering, and fraud. The penalties...
Sep 23, 2024 | Business Regulation
Companies shutting down while still owing significant sums to HMRC are contributing to the UK’s growing tax gap, which reached nearly £40 billion in the 2022/23 tax year. HMRC has intensified efforts to hold directors and senior management accountable for unpaid...
Sep 20, 2024 | Business Regulation
The government is set to introduce tougher regulations to tackle late payments, which cost small businesses up to £22,000 a year and contribute to the collapse of around 50,000 companies annually. New legislation will require large businesses to report payment...
Jun 7, 2024 | Business Regulation
The Institute of Directors (IoD) plans to introduce a voluntary Code of Conduct for directors to enhance integrity and transparency in business. This code outlines good conduct and is a practical tool to help directors make better decisions without creating additional...
May 8, 2024 | Business RegulationCurrent Affairs
The Treasury Committee has warned about the negative impacts of unfair banking practices and inadequate financial regulation on small and medium-sized enterprises (SMEs). The report, stemming from an inquiry into SME access to finance, highlights the struggles these...
