Chartered Secretary News

Government sets out thinking on tax policy
The Chancellor of the Exchequer has published a policy paper detailing the terms under which the Government will run its tax policy in future.

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Pensions schemes ‘face bleak outlook’
New data on trends affecting UK pensions shows that many schemes are underfunded and face tumbling asset values.

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Employment law misunderstood by a third of small companies
Small businesses are either well-acquainted with their obligations under UK employment laws or ‘unaware and exposed’, according to a Government survey.

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City competitiveness is number one priority, says Lloyd’s chairman
The chairman of Lloyd’s has called for the competitiveness of the City of London to be treated as a priority following the financial crisis.

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Chartered Secretaries sixth highest-paid professionals in UK
Chartered Secretaries are the sixth best-paid professionals in the UK, according to new research from the Office for National Statistics (ONS).

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Calls for banks to lend to more businesses
Banks are still not doing enough to help businesses in the wake of the recession, according to two business bodies.

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Employees get more time to train
From 6 April, employers must seriously consider any request by an employee to take time away from their core duties for training purposes.

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ASB publishes GAAP consultation responses
The Accounting Standards Board (ASB) has published the responses to its consultation on the future of the UK accounting framework.

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Tribunal decision could provide new model for council trustees
A decision by the Charity Tribunal could provide a governance model for councils that act as sole charity trustees.

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Unions call for close working on fit note implementation
The Trades Union Congress (TUC) is calling for employers to work closely with unions to ensure the implementation of changes to sickness reporting procedures goes smoothly.

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Change the tax regime, say small businesses
The UK’s tax regime is preventing small businesses from taking on more staff, according to a survey by the Federation of Small Businesses (FSB).

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Pensions watchdog to set data quality targets
The Pensions Regulator is to set data quality targets for trustees and others responsible for workplace pensions.

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NHS charity accounts to remain separate
The Treasury has announced that it is to delay a move to force NHS charity trustees to reconcile their accounts with the NHS trusts.

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HMRC warns on PAYE changes
HM Revenue and Customs has warned employers that changes to the Pay as You Earn (PAYE) system are imminent.

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Gift Aid review cancelled
The Treasury has abandoned its plan to review the Gift aid tax relief system.

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Hector Sants resigns from FSA
Hector Sants has announced that he is to resign as chief executive of the Financial Services Authority (FSA).

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