- The Information Commissioners Office provides a detailed guide on the new GDPR that took effect in May. See Here
- GDPR came into effect on 25 May with warnings that low levels of compliance in some areas could see some companies paying large fines.
- The Confederation of British Industry (CBI) and the Institute of Directors (IoD) have called for the government to reform its Apprenticeship Levy initiative, as the scheme could cost £millions to UK businesses.
- Help to Save, the government scheme designed to support working people on low incomes, which has been delayed from its original start-date, is to launch in October
- The Treasury is to go ahead with secondary legislation to support the use of the image clearing system (ICS) for cheques by banks and building societies, which will provide safeguards for users after October 2018, when all cheques are cleared by this method
- HMRC has acknowledged that its digital transformation programme has not ‘all been smooth sailing’ and says the need to refocus priorities to meet the demands of Brexit mean it will delay plans to introduce more digital services for individuals.
- The government is to introduce secondary legislation to require mandatory reporting of director remuneration at community interest companies (CICs)
- MPs are warning that the regulations around universal credit pose a ‘very real risk’ to entrepreneurs as they have been designed with ‘little regard for the reality of self-employed work’ and are calling for changes to the rules to avoid crushing new start-ups
- MPs are set to review HMRC’s approach to conducting tax enquiries, resolving tax disputes and assessing tax liability to see if HMRC inspectors are dealing with cases fairly. We will keep you posted
Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice