WORKPLACE - 29.11.2023
Pret fined for worker trapped in freezer
Pret has been fined after an employee was trapped in a freezer for more than two hours, where she tried to use croissant boxes to stave off hypothermia. How could this happen and what should be in place to prevent a similar occurrence?
COMPANY LAW - 29.11.2023
Company’s class rights variation determined by court
Companies must follow the right procedure when changing the rights attached to a class of their shares. A recent case illustrates the confusion that can arise if a bespoke procedure in the articles is not drafted carefully enough. What happened here, and how can other companies avoid this tricky situation?
NATIONAL INSURANCE - 29.11.2023
HMRC invites claims for NI refunds
HMRC concedes defeat. Following its defeat at the Upper Tribunal (UT) ( yr.23, iss.21, pg.5 , see The next step ), HMRC has issued a statement which seems to lay to rest its long-running dispute with employers who pay their employees’ car allowances . The statement accepts the UT’s ruling that the allowances can be disregarded as earnings when calculating NI contributions. ...
BUSINESS RATES - 14.11.2023
Business rates reform - what’s the latest?
On top of higher interest rates and inflation, businesses and commercial landlords now face another burden in the shape of new rules for business rates. What’s the full story?
FRAUD - 31.10.2023
Look out for VAT fraud
A 2023 case highlights the importance of businesses taking active steps to prevent VAT fraud in their supply chains. What can you do to avoid a problem?
FINANCIAL REPORTING - 31.10.2023
Changes ahead for lease accounting
If you prepare your accounts under FRS 102, then you may soon need to account for the company’s operating leases differently. What’s changing and what should you be doing now to prepare for it?