All businesses which process personal data in an automated form (most commonly by inputting data onto a computer system) are obliged to notify the Information Commissioner’s Office (ICO) that they are data controllers, unless they fall into one of the exemptions under the legislation. Businesses which do not comply can face fines of up to
The Government is planning radical changes to employment law to provide a fairer balance between reducing costs to business at the same time as protecting the rights of employees. The proposals are in response to public consultations, including the Red Tape Challenge, in which people were invited to suggest regulations that could be scrapped. The
The stakes have never been higher for businesses when it comes to dealing with the problem of late and non-payment of invoices. Record numbers of firms are going out of business every day. Their demise is often caused by their inability to recover money owed to them. Thankfully, there are many options available when it
Business “common sense” should be applied when interpreting and applying commercial contracts, the Supreme Court has ruled. Delivering the ruling, Lord Clarke said: “If there are two possible constructions, the court is entitled to prefer the construction which is consistent with business common sense and to reject the other.” The issue arose in the case
The Government has announced a number of reforms to end unfair practices which it says have been holding back Britain’s pubs. The proposals have been put forward by the Department for Business, Innovation and Skills (BIS) and are in response to the Select Committee’s Report on Pub Companies. They set out the details of a
All businesses and individuals now need to be aware of new bribery legislation which came into force on 1st July this year. The Bribery Act describes actions which involve “a financial or other advantage” being offered or received in exchange for “a business function or decision to be carried out improperly” as being potentially criminal.
The number of employment tribunal claims from part-time workers has surged over the last two years. In the 12 months to March this year, the number trebled to reach 1,600. It’s thought the rise is due to the fact that a large number of employees were put on to shorter working weeks during the economic
When drawing up deeds it is vital to meet all the legal requirements – otherwise the document could prove invalid and cost you thousands of pounds, as one firm found recently. The case involved a financial services company that entered into an invoice discounting facility with two directors of a client firm. A deed was
The number of data security breaches by private companies has risen by 58% over the last year, according to figures released by the Information Commissioner’s Office (ICO). This is in spite of the fact that three quarters of businesses surveyed understand that the Data Protection Act (DPA) obliges them to keep personal information secure –
The Government has put forward proposals to allow more small firms to avoid the need to submit audited accounts – saving businesses in the UK an estimated £206m a year. EU regulations list three criteria by which firms can be regarded as small for accounting purposes. These are: no more than 50 employees balance sheet