Promoting economic growth by facilitating access to business information

Current Activity

BIPA provides further industry evidence to promote the proposal to create a new Business Register based on VAT Registration – Facilitating Economic Growth: Public Access to the VAT Register.

September 2012

A copy of the report can be downloaded here.

Information Exchange

The Business Information Providers Association (BIPA) is raising its game - and its voice - as Philip discovered in talking to current BIPA Chair Ray Ruffels.

September 2012

A copy of the article can be downloaded here.

BIPA has reviewed and responded to two spapers that have been issued by The Department for Business Innovation and Skills (BIS) and responded to the "Call for Evidence" for the Breedon Report.

April 2012

BIPA's evidence to the Non-Bank Lending Task Force has now been utilised by the Breedon Task Force which published its findings, 'Boosting Financial Options for Business', on March 16th.

A copy of the report can be downloaded here.

Please refer to Section 8 entitled 'The Evolving Regulatory Environment' where in paragraph 8 the Government is considering whether additional data could be made available to support economic growth, for example, availability of the VAT Register would allow basic assessments and cross reference with other data sources on registered businesses.

BIPA's evidence to the Non-Bank Lending Task Force "Call for Evidence"

February 2012

BIPA evidence can be found by clicking here

BIPA has reviewed and responded to two papers that have been issued by The Department for Business Innovation and Skills (BIS):

Discussion Paper - Simpler Reporting for the Smallest Businesses

BIS acknowledges the increasing concerns expressed by small and medium sized enterprises ('SMEs') regarding the complexity of laws and regulations, and accounting and auditing standards governing business.

 

BIS has published a Discussion Paper seeking views on simplifying reporting requirements for incorporated businesses. This paper has been published to gather evidence, to help the Government decide, with the OTS, whether to take forward further work in this area.

 

Consultation Paper - Audit Exemptions and Change of Accounting Framework

In March 2011 the Chancellor of the Exchequer and the Secretary of State for Business, Innovation and Skills publishedThe Plan for Growth. This is a plan to put the UK on a path to sustainable, long-term economic growth. One of the ambitions in this plan is to make the UK one of the best places in Europe to start, finance and grow a business. In order to achieve this, the Government committed itself to remove regulatory burdens and improve corporate governance.

 

In the Plan for Growth, amongst other measures, the Government therefore committed to reduce the number of UK SMEs required to undertake an audit; and to substantially reduce the burden of financial accounting for UK businesses, by bringing forward legislation in 2012 to exempt many subsidiaries from the requirement for audit.

 

The Government is also consulting on the proposal to give companies who have chosen to prepare accounts under the IFRS framework more flexibility to change to UK GAAP.