Businesses will benefit from dozens of cuts to regulations which came into force this week, including simplification finance, the Government has said.
Stockport accoutants Booth Ainsworth report that the cuts are part of the
Government’s on-going red tape challenge about regulations:
‘what should be improved or scrapped’?
A total of 1,500 regulations have so far been identified for reform.
The changes that came into effect on 6 April include:
Simplifying the ways firms can use their assets to raise finance –
estimated to save businesses over £21 million
Deregulatory changes to building regulations including reducing
administration and more consistent guidance – forms part of a wider
package estimated to save £50 million a year
Removal of a number of health and safety requirements in areas such as celluloid film, ship building and ship repair
Removal of regulations affecting the sale of goods including items deemed as causing risk, such as christmas crackers
If you would like these changes explaining in greater detail, please contact Booth Ainsworth –
Paul McKay | Tax Director Email Paul
Phone: 0161 475 1559