Save content
Have you found this content useful? Use the button above to save it to your profile.
AIA

DTI proposes to slash red tape

by
1st Dec 2005
Save content
Have you found this content useful? Use the button above to save it to your profile.

The Department of Trade and Industry has published proposals for slashing red tape costs to companies by £1 billion by 2010.

In addition, trade secretary Alan Johnson has called on all businesses to put forward further proposals to help reduce regulatory costs along with commenting on the current proposals.

The draft simplification plan, which is part of the wider better regulation programme, includes:

  • Changes to company law to make it easier to understand and more flexible
  • Replacing the Operating and Financial Review with a simpler 'Business Review'
  • Consumer law rationalisation and deregulation
  • Companies House: new e-government services and harmonised joint filing
  • Common commencement dates to be extended across all DTI areas
  • Business.gov web portal ' improvements and 'see-at-a-glance' alerts to new regulations.

Alan Johnson said: 'DTI will be a leader on the Government's better regulation programme. The draft simplification plan I am publishing today shows how we will deliver over £1 billion regulatory savings to business by 2010 with more to come as we develop our ambitious forward programme. This will be a rolling plan, updated and published regularly.

'We are working closely with business in developing the DTI Simplification Plan and need their help to make it even stronger. We want businesses to talk to us about the changes they want to see.'

You can find the full proposals plus a template for comments at http://www.dti.gov.uk/simplify the official closing date for the consultation is January 31 but comments are encouraged at any time.

Tags:

Replies (2)

Please login or register to join the discussion.

By stratty
02nd Dec 2005 11:01

Government Agencies
It makes me laugh how the various government agencies do not seem to share data.

A company which can be noted as ceased with companies house has no record of cessation at the Inland Revenue.

If they shared data then it would make life easier.

Thanks (0)
avatar
By Simon Newark
02nd Dec 2005 14:49

Who's kidding?
So the DTI presents a red-tape slashing program to help business, conveniently over-looking that it was Gordon (I'm a psychopath) Brown that ramped up the bureaucracy and red-tape in the first place. But what do we expect from this Government?

Thanks (0)