"We spend a lot of time with business clients and those starting a business advising on the various legal areas they need to consider. In December the Government announced major plans to cut red tape and we can advise on these changes too. The simplification plan aims to save businesses up to £700m a year."
Key measures in the DTI simplification plan include:
- New plans to simplify consumer protection legislation by replacing and improving provisions in twenty-two pieces of consumer legislation, through DTI-led implementation of the Unfair Commercial Practices Directive – in December the full proposals for this were set out
- The new International Trade Single Window to allow traders to lodge information with a single body to fulfil all import and export regulatory requirements. The one-stop-shop has just gone live through the Business Link website. Savings are expected to amount to about £60m a year
- A review announced to simplify and improve employment dispute resolution
- A Retail Enforcement Initiative establishing new ways of working between trading standards, environmental health, and health and safety and fire authorities to achieve a third fewer inspections for compliant businesses
- Companies will be allowed to communicate with shareholders electronically rather than in writing, saving larger firms £100,000-400,000 per mailing, with the implementation of the Companies Act 2006
- Form filling and access to Companies House registration and database services is being improved through automated systems. Over 50% of annual returns are being filed electronically. The £13m savings could be increased by a further £60m as a result of a joint filing initiative with Her Majesty's Revenue and Customs
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