Regulations

The Financial Reporting Council has introduced new accounting standards designed to simplify reporting for small and micro businesses.

The Department for Business, Innovation and Skills will launch reviews into cutting red tape in 5 key sectors, Business Secretary Sajid Javid has announced.

Regulations to prevent backdated claims for holiday pay going back more than 2 years have taken effect from 1 July 2015.

HMRC will begin relaxing automatic late filing penalties for people who send PAYE information late, officials have indicated.

The government's ongoing business rate review must aim to create a 'simple, fair and competitive system', the Confederation of British Industry has said.

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