BusinessCompany NewsTories single-minded on company reports

Tories single-minded on company reports

Conservatives back single declaration of company results in bid to satisfy HMRC and Companies House

The Conservatives are supporting a single declaration of company results to
satisfy both HM Revenue & Customs and Companies House.

John Redwood, chairman of the Conservative Economic Competitiveness Policy
Group, urged the move, which the government is considering, in a submission to
the government’s Better Regulation Task Force ‘on how it can start to set people
free from too much bureaucracy’.

Redwood’s 12 priority measures recommended venture capital should be ‘exempt
from regulation’ because ‘this is a business activity covered by the general law
of contract’.

Other proposed measures were ‘allowing individuals to opt to buy unregulated
financial service products, if they sign a paper stating they are happy to take
the risk’, and changing the rules so those allowed exemptions or deferments from
National Insurance contributions do not have to apply annually for renewal. They
only have to when circumstances change.

The list also included removing the need for charities and those raising
money for charities, to have gaming licences for raffles and bingo.

Redwood, a former DTI corporate affairs minister, said: ‘This government has
made life far too complicated for individuals and small businesses.

‘It is affecting our competitiveness and our stress levels. It’s way past
time that the government cracked down on all this meddlesome red tape.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor