Public holidays and bank holidays tend to be the same each year. Next year however there is an additional Public holiday for the Queens Diamond Jubilee which falls on Tuesday 5 June.
| New Years Day | Sunday 1 January |
| Good Friday | Friday 6 April |
| Easter Monday | Monday 9 April |
| May Day holiday | Monday 7 May |
| Spring Bank holiday | Monday 4 June |
| Queens Diamond Jubilee | Tuesday 5 June |
| Summer Bank holiday | Monday 27 August |
| Christmas Day | Tuesday 25 December |
| Boxing Day | Wednesday 26 December |
Tags: uk business, UK business guides, UK Employment law, UK news
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The Treasury has published a consultation paper on reforming the tax system as it applies to non-domiciled residents. The Government has also set out another consultation on its plans for a statutory residence test (SRT).
The aim of the non-dom consultation, the Government said, is to encourage individuals to invest in the UK while also ensuring a fair tax contribution. Details include increasing the existing £30,000 annual charge to £50,000 for non-domiciles who claim the remittance basis in a tax year and who have been UK resident in 12 or more of the 14 years prior to the year of claim; allowing non-domiciles to bring overseas income and capital gains to the UK tax-free for the purpose of commercial investment in UK businesses; and simplifying the way in which some aspects of the current rules work. (more…)
Tags: tax effectiveness, tax planning, tax relief, tax strategy
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Businesses have been invited to blow the whistle on regulations that are both excessive and inconsistent in an effort to reduce the compliance burden faced by many firms. The new drive, aimed at freeing enterprises from the shackles that administering the rules often imposes, is a result of feedback that the Government has received since launching its Red Tape Challenge.
The challenge asked firms to identify those rules where tick-box regulation, multiple inspections and contradictory advice are making it more difficult both to run their businesses and to develop and grow. Specifically, the Government now wants to hear about the way in which regulations are being enforced. (more…)
Tags: uk business, UK news
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New UK laws aimed at cracking down on business bribery have come on stream. The UK Bribery Act, which took effect from 1 July 2011, has been designed to bring the UK into line with international laws on tackling corruption.
Under the Act, it is illegal to offer or to receive bribes. A new law of failing to prevent bribery is also introduced. Both British and foreign companies with a presence in or engagement with the UK are subject to the new rules, which cover bribes made or received in Britain and overseas. (more…)
Tags: Government, UK, UK business guides, UK Law, UK news
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