Business News - January

Taxman to review record checks project - January 2012

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.

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Employment tribunal fees plan unveiled - January 2012

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.

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‘Excessive’ payment surcharges to be outlawed - January 2012

Businesses will be banned from levying “excessively high” surcharges on all forms of payment before the end of this year, under government plans.

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Website owners ‘need to get to work’ on cookies law - January 2012

Website owners must try harder to comply with the new cookies law, according to the Information Commissioner’s Office (ICO).

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Acas chief warns of social media challenge - January 2012

Social media is likely to be one of the biggest workplace issues in 2012, the head of employment relations service Acas has warned.

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Time running out for tobacco displays - January 2012

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.

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E-trader jailed over VAT fraud - January 2012

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.

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Savers can reinvest lost ISA funds - January 2012

The Treasury has announced new rules to protect savers who have invested in an ISA with a financial institution which subsequently collapses.

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HSBC fined for mis-selling of investment products - January 2012

The selling of unsuitable investment products to elderly customers by HSBC subsidiary NHFA Limited has resulted in the banking giant being fined a record £10.5 million by the Financial Services Authority (FSA).

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Government considers unfreezing expat pensions - January 2012

According to the International Consortium of British Pensioners (ICBP), the government has set up a working group to investigate the possibility of unfreezing the state pensions of around half a million UK pensioners who currently live overseas.

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Terry Parker, Aeroship Freightforwarding Ltd