Aug
05
2010
Umbrella company users 'invited to help cut business red tape'
Posted by Daniel Frost
Umbrella company users are among those who have been invited to get involved with cutting bureaucracy and red tape.
Vince Cable, business secretary, has highlighted changes to the way that regulatory laws are passed and will allow people to nominate which of them they want to see scrapped.
September 1st will see the launch of a One-in, One-out system where new regulations that will impose costs on the private sector will need to be matched with an existing rule with an equivalent cost that can be removed.
Mr Cable said: "Together these measures represent a fundamental shift in how Whitehall has traditionally used regulation as a way to command and control."
He added that this will enable regulation to become a last resort, freeing up businesses from red tape and allowing the creation of the right conditions for growth and recovery in the UK economy.
Last month, former president of the Chartered Institute of Taxation Andrew Hubbard claimed that many contractors are struggling with the UK's complex tax system.
Umbrella company users are among those who have been invited to get involved with cutting bureaucracy and red tape.
Vince Cable, business secretary, has highlighted changes to the way that regulatory laws are passed and will allow people to nominate which of them they want to see scrapped.
September 1st will see the launch of a One-in, One-out system where new regulations that will impose costs on the private sector will need to be matched with an existing rule with an equivalent cost that can be removed.
Mr Cable said: "Together these measures represent a fundamental shift in how Whitehall has traditionally used regulation as a way to command and control."
He added that this will enable regulation to become a last resort, freeing up businesses from red tape and allowing the creation of the right conditions for growth and recovery in the UK economy.
Last month, former president of the Chartered Institute of Taxation Andrew Hubbard claimed that many contractors are struggling with the UK's complex tax system.