What price regulation?

Article Abstract:

New Securities and Investments Board (SIB) proposals to simplify its Conduct of Business Rules fall short in addressing the fundamental problems that contribute to the current over-regulatory environment. The proposed rule changes do not take into account the professional duties and the legal obligations of practicing members of accounting professionals. The new rules will further burden practitioners with higher monitoring cost, which in 1989 is estimated to be 2.9 million pounds sterling. SIB should seek corrective measures of reform which include: urging the Government's to re-examine investor protection revaluation; eliminating bureaucratic layers; and clarifying future fees schedules.

Accounting, United Kingdom. Securities and Investments Board

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Vat '89

Article Abstract:

The March 15, 1989 Chancellor of the Exchequer's budget statement made several changes in the calculation of Value Added Tax (VAT). Annual company registration limits have now been raised from 22,100 pounds sterling to 23,000 pound sterling. Other significant changes are in the area of charities exemptions and the removal of zero rating for property rental income and construction expenses. Also removed from zero rating are fuel supplies, water and sewerage services, and news services.

Taxation, Value-added tax

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