Will the London Olympics help the economy?

Will the London Olympics help the economy?

Queen’s Diamond Jubilee could also provide welcome boost The economy has shrunk by a further 0.2%, according to Government figures, and there continues to be talk of another recession. However, the forthcoming London 2012 Olympics – now just a matter of months away – could help give the British economy a much-needed boost. The London Olympics are expected to draw thousands of visitors into London, Read more…

E-trader jailed over VAT fraud

E-trader jailed over VAT fraud

An online trader has been jailed for attempting to evade more than £420,000 of VAT, ahead of the launch of an HM Revenue & Customs (HMRC) campaign targeting people who use e-marketplaces to buy and sell goods and who fail to pay tax owed. Gregory Allnutt, aged 40, from south-east London, was sentenced to 20 months imprisonment at Southwark Crown Court on 29 November after Read more…

Time running out for tobacco displays

Time running out for tobacco displays

Time is ticking away for the first retailers to be affected by a ban on tobacco displays to ensure their premises are compliant with the law. From 6 April 2012, large shops – those with a floor area of more than 280 square metres – will no longer be able to display tobacco products to the public except, for example, when staff are serving customers Read more…

Acas chief warns of social media challenge

Acas chief warns of social media challenge

Social media is likely to be one of the biggest workplace issues in 2012, the head of employment relations service Acas has warned. Highlighting key challenges for employers in the coming year, Acas chairman Ed Sweeney said: “The rise of social media in recent years has been truly phenomenal. Facebook has more than 500 million users sharing more than 30 billion pieces of content each Read more…

Website owners ‘need to get to work’ on cookies law

Website owners ‘need to get to work’ on cookies law

Website owners must try harder to comply with the new cookies law, according to the Information Commissioner’s Office (ICO). The comments came as the ICO published an update on progress on website compliance with the new rules on 13 December, along with updated guidance. The Privacy and Electronic Communications Regulations, which came into force in the UK on 26 May 2011, means that UK businesses Read more…

‘Excessive’ payment surcharges to be outlawed

‘Excessive’ payment surcharges to be outlawed

Businesses will be banned from levying “excessively high” surcharges on all forms of payment before the end of this year, under government plans. Firms will be able to add a small charge to cover their actual costs for using any particular form of payment but following Office of Fair Trading (OFT) recommendations, the government announced on 23 December that it plans to: ban excessive surcharges Read more…

Employment tribunal fees plan unveiled

Employment tribunal fees plan unveiled

The government has outlined its plans for charging fees to take cases to employment tribunals, designed to cut a multi-million pound bill for the taxpayer and ease pressure on businesses. Justice Minister Jonathan Djanogly launched a consultation on 14 December on two sets of proposals to ensure that people contribute financially for using the employment tribunal system, which is currently entirely publicly funded. There were Read more…

Taxman to review record checks project

Taxman to review record checks project

HM Revenue & Customs (HMRC) is to carry out a review of its Business Record Checks project, designed to tackle poor record-keeping by small and medium-sized enterprises. In September 2011, HMRC said it planned to complete up to 12,000 checks by the end of the current financial year with 20,000 provisionally planned for 2012-13. Following pilot schemes in eight areas earlier in the year, HMRC Read more…