cut red tape

Small Businesses Waste Four Days a Month Dealing With Red Tape

Small Businesses Waste Four Days a Month Dealing With Red Tape

Over half of all small business owners admit red tape is restricting their growth with enterprises wasting four days a month dealing with compulsory administrative work, according to a report from the Federation of Small Businesses (FSB). The survey revealed that two-thirds of smaller businesses say administrative burdens are preventing them from focusing on their primary purpose with three-quarters of business owners spending more time than they would like on business compliance. Worryingly, the figures suggest that red tape is not just costing businesses time, but also money, as smaller firms spend an average £3,600 on tax compliance advice. Other overly- bureaucratic barriers to growth include issues around employment laws, insurance, workplace pensions, accounting tasks and health and ... »

New Rules to Cut Red Tape and Bureaucracy

The Business Secretary, Vince Cable, today announced a comprehensive package of measures to support the Government’s drive to tackle unnecessary government interference and red tape. The measures will help transform the relationship between people and government by changing how regulations are drawn up, introduced and implemented. People are already being encouraged by the Government to nominate laws or regulations they want to see scrapped (see SMEs get the chance to question unpopular laws), and today’s announcement means that government interference in businesses and third sector organisations will have to meet much more rigorous tests before being introduced. From the 1st September, a ‘groundbreaking’ new One-in, One-out system will begin. When Ministers seek to introduce n... »

Regulators’ Compliance Code Cuts Red Tape

The Government’s introduction of a new code of practice yesterday should make life easier for business and the regulators that work with them. The new Regulators’ Compliance Code, introduced yesterday, has been designed to save businesses time and money by improving the way iregulators work with them. The new code requires regulators to take a risk-based approach, allowing compliant businesses to cut red tape. Compliant businesses face fewer inspections and less regulatory burden whilst businesses that face a higher risk of not complying with regulation will be subject to more rigorous inspections. The result of this will mean businesses will receive better advice on how to comply with the law whilst they can expect a reduction in unnecessary inspections and paperwork. The Regu... »