Story thread · 2 reports / 2 sources

UK government slashes corporate red tape, cutting “Hobbit-length” paperwork

cityam.com · 7dShare

Ministers have announced sweeping reforms to corporate reporting, aiming to save businesses over £450m annually by ditching “Hobbit-length” paperwork. Under the overhaul, small and medium-sized enterprises (SMEs), including local family firms, will be exempt from certain reporting forms and audits, aiming to save businesses thousands of pounds and hours of administrative work. The Department for [...]

First report: Ministers plan to slash paperwork rules for small UK businesses — theguardian.com, 9d