Scopulus Business Newsletter - 07-12-09
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In this issue we have:
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Is there anything British any more? This once great nation is being dissected of
its land, its powers and its great institutions. It seems that we are living in
a more global economy but why does it seem we are being eroded so much? The
announcement of the sale of Gatwick is a point in question which is the latest
of a long list of great British institutions that we had to sell off.
We need ownership if we are to be players in the world
economy. We have the know how. What's stopping us moving forward?
The Chancellor Alistair
Darling has announced that the pre-Budget report will take place on Wednesday
9th December 2009.
Vat rises back to 17.5% on the 1st January 2010, midnight new year. This will
get us back to normal in terms of accounting and pricing but is this the right
time. The idea was that reducing the rate to 15% will lower prices and give
consumers an incentive to buy. What now?
This has been a big upheaval for businesses but there are concessions for
businesses that remain open after midnight and into the early hours. These
businesses can use the 15% VAT rate till six am or closing time which ever is
comes first. Notably these are businesses that account for VAT at the point of
sale rather than invoicing.
Those that can enjoy the grace period includes:
- telecommunications companies
You can read
The Intrastat thresholds will be changed from 1st January 2010. You can read
Austria and Luxembourg have vetoed a draft anti-fraud agreement between the
European Union (EU) and Liechtenstein. This effects the anti-fraud agreement
negotiations with Switzerland, Monaco, Andorra and San Marino. You can read
Sign up for free email alerts for the rest of the tax
year to remind you of the tax deadlines that apply to you.
UK Tax Calendar
Plan with times frames. It's easy to forget sometime in these
hard times that we not only have to plan, set key indicators, but we must also
set ourselves a time frame. If you do not meet the time frame then remember to
adjust the plan with the corrective measures and add another time frame to see
the effects. This is easily said than done but not doing so will leave you in
limbo. Give yourself time limits.
The Information Commissioner's Office (ICO) has announced
plans that would give them the power to fine organisations up to £500,000 for
serious breaches of data protection principles. Good new, we can only hope this
will prevent organisations being negligent. You can read
A lot of businesses sell both goods and services. The terms
and condition for goods and the terms and condition of services have different
clauses and combining the two may be necessary. We sell both templates and have
decided that you can have the second one for half price. This will help you to
create your terms and condition on your terms.
Also we will increased the 5+ document discount code to 40%
for a short period. If you're planning to starting a new business in the new
year then now is the time to get your documents.
The Treaty of Lisbon came
into effect on 1st December 2009 and will increases the powers of the
European Parliament. You can read
An EU law will come into effect within 18 months that will require prior
consent for internet cookies from websites. This will effect advertising and web
analytics including Google's and can make users and providers work difficult and
poor for the end users in Europe.
There is an exemption for shopping cart cookies but this is no concession as
users may prefer to use US websites for all other things as they do not have to
follow this law which will inconvenience the user. Another alternative is for
companies to move their operations out of Europe. Surly this is not the effect
The Employment Appeal Tribunal recently found that employers can set physical
standards or mental ability as a precondition of obtaining a job. This however
does not mean that they are labelling those that fail the test as being
disabled. It would seem that common sense has prevailed.
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Article Published/Sorted/Amended on Scopulus 2009-12-21 18:45:59 in Newsletter