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VAT Increase Jan 2011 and Business Updates

December 2010

As 2010 draws to a close, the Simply-docs team are already busy working on new and updated content for 2011. Here’s a look ahead at what’s coming up in January and beyond!

January 2011 VAT Increase

As many, if not most of our visitors will be aware; the VAT rate will be increasing on 4th January from 17.5% to 20%. From 6pm on 3rd January, updated invoice and purchase order templates will be available from Simply-docs, enabling you to make a seamless transition from one VAT rate to another. Be kind to your customers and to yourself and be sure to keep up-to-date!

Key Anti-Bribery Legislation for April (Updated: July)

From 2011 Britain will have the world’s most rigorous anti-bribery laws courtesy of the new Bribery Act 2010 which comes into force on 1st [July].

UK businesses will be required to have adequate procedures in place in order to prevent any “associated persons” from taking or giving bribes. The Bribery Act is set to introduce a new criminal offence of bribery with associated fines or, in severe cases, a prison sentence of up to 10 years.

Simply-Docs will be developing an all-new bribery policy and related guidance notes in the early months of 2011 in preparation for [July]. Early in the New Year the government should be publishing guidance designed to help you familiarise yourself with the requirements of the Bribery Act 2010. Simply-docs will keep you up-to-date on all related happenings.

New Packages to Protect your IP and Information

We live in an information age, and as a business tool and business asset the value of information cannot be underestimated. Likewise, the importance and prominence of intellectual property is paramount to many businesses.

During the 2011, Simply-docs will be releasing new and updated document templates dealing with confidentiality and non-disclosure. Also within this timeframe, look out for an all-new comprehensive package of document templates and guidance notes for the enforcement of intellectual property rights.

And Now Our Best Wishes!

The Business team and all at Simply-docs hope that you have had a successful and prosperous 2010 and wish you the very best for Christmas and the new year. See you in January!

The contents of this Newsletter are for reference purposes only and do not constitute legal advice. Independent legal advice should be sought in relation to any specific legal matter.

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