July 2010

Here’s what’s been hitting the headlines over recent weeks:

FEATURE ARTICLE

Office of Tax Simplification must prioritise IR35 review: The newly created Office of Tax Simplification (OTS) has been tasked with producing a review of IR35 “as a priority” before next year’s budget. MORE...

NEWS ROUND-UP

UKCG warns contractors may seek compensation for BSF: Steven Ratcliffe, director of the UK Contractors Group (UKCG) has warned the government that their decision to scrap the Building Schools for the Future (BSF) programme earlier on this month may result in millions of pounds worth of compensation claims from contractors aiming to recover expensive bid costs. MORE...

Thames cable car planned for 2012: Transport for London (TfL) has revealed that it has plans to build a cable car across the river Thames that would link the ExCel Exhibition Centre and the O2 Arena. MORE...

Olympics still on schedule despite cuts: As part of its measures to reduce the country’s deficit the coalition government ordered cuts to the Olympics budget. MORE...

Deaths in construction drop by 21 percent: According to recent figures released by the Health and Safety Executive (HSE) deaths in the construction industry have fallen by 21 percent. MORE...

Deal for Mini Shard: A deal to build the Mini Shard at London Bridge Place has finally been signed. MORE...

Van drivers face hefty tax bill: Recent figures released by UHY Hacker Young have shown that drivers of company vans paid £40 million in tax in the last year, compared to a figure of just £10 million in 2006/7. MORE...

New Thameslink substation: The commission for the detailed design and build of a new substation at London Bridge under the Thameslink Framework has now been awarded. MORE...

Concerns about cost of iXBRL compliance: A survey by the software provider Digita has revealed that accountants are worried about the cost of making their firms iXBRL-compliant by the April 2011 deadline. MORE...

Elephant and Castle scheme gets green light: The London Borough of Southwark Council has agreed the terms for a £1.5 billion regeneration of Elephant and Castle. MORE...

Fall in the amount of business insolvencies: The latest PwC analysis on corporate insolvency shows that the effect of the recession on UK businesses is easing with 3,467 companies becoming insolvent in the second quarter of 2010. MORE...

Limited Companies on the up: According to data from Companies House the number of new limited companies has begun to rise again after two years of falling rates. MORE...

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