...Ecommerce…………………………………………………………..9 Legislation……………………………………………………………………………12 Reference and Evidence…………………………………………………………….15 Educational Industry Background in UK At recent times, the world economics in increasing rapidly which results in more demand for talents. Many countries around the world face extreme issue over education. Governments of different country have discovered that education institute is very important in modern world. The UK government has introduced a system of national education in 1957 to create world class education. Education in UK is divided into three categories, which are; primary education, secondary education and higher education. Primary education is the first stage of education which is usually known as pre-school or nursery. Primary education is the first stage of compulsory studies. One needs to complete primary education in order to get admitted in secondary education. Secondary education is the final stage of compulsory studies. GCSE’s are a set of exam which is conducted end of secondary education. After secondary education comes the higher study which refers to college and universities and other learning institute. With various degree programs UK has one of the best higher system educations for student with over hundred universities. One-third of the student in UK attends higher education in some form. In UK most of the undergraduate bachelor degree requires three years if study and an additional year for graduate degree. Where as in Scotland the undergraduate...
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...analyzes the political, economic, social, technological, legal and environmental (PESTLE) structure in the UK. Each of the PESTLE factors is explored on four parameters: current strengths, current challenges, future prospects, and future risks. Summary Key findings The UK has a strong democratic system, but differences between coalition partners in the incumbent government pose a challenge The UK adheres to a democratic, parliamentary system of governance known as the Westminster system. This system ensures adequate distribution of power between the executive branch led by the prime minister, the bicameral legislature and the judiciary. Growing ideological differences between the Conservatives and Liberal Democrats in the current government is making the coalition vulnerable. Tensions between pro-Europe Liberal Democrats and euroskeptic Conservatives continue to plague British politics. Further, conflicting views on issues such as welfare reforms, immigration and the economy are straining relations. The UK economy is developed, but rising government debt remains a concern The UK is one of the largest economies in the EU and is one of the strongest in terms of social welfare and standard of living. Among the EU countries, the UK has one of the highest levels of per capita GDP in terms of purchasing power parity. According to the World Bank's Doing Business indicators for 2013, the UK is the seventh best country in the world to do business. The...
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...we focus relentlessly on cracking down on those that break the law and making sure that everyone pays the tax they owe” (HM Revenue & Customs, 2012, p. 4) Every year the UK Government spends billions of pounds to provide a better life for its citizens. Most of the money the Government is spending comes from tax revenue. Tax revenue allows the Government to budget expenditure such as education, health and welfare, housing, protection, re-paying national debts and improving the infrastructure. Without tax revenue, the government would not be able to fund the projects and services that people require. Following the recent recession and the global financial crisis it is important to increase tax revenue for economic growth and keeping the economy moving. The majority of the UK’s individuals and businesses pay their share of tax honestly. However, a minority deliberately seek to evade or avoid paying what they owe while benefiting from the public services (HM Revenue & Customs, 2013). As a result the Government does not receive enough tax as budgeted but spends more than what is collected. This is called budget deficit. It leads to either cuts in the budget of projects or borrowing money from other nations to fill up the deficit. Borrowing is an expensive option and currently the UK government is trying to reduce its national debts and to fill up the deficit with cuts in projects. For example, the UK Chancellor George Osborne recently announced further £25bn spending...
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...leasing accounting standard which changes on or after 1 January 2011. General description of the measure Current accounting standards are International Accounting Standards (IAS) and UK Generally Accepted Accounting Practice (UK GAAP). Changes to the IAS lease accounting standard are expected during 2011, and changes to UK GAAP might follow in 2013. Legislation will be introduced in Finance Bill 2011 to ensure continuity of tax treatment for lease transactions for businesses which begin to account for the transactions under new accounting standards, expected to be introduced from 2011. The measure will require tax profits and losses to continue to be calculated as if the changes to lease accounting standards had not taken place. Policy objective The measure will ensure that existing tax rules that rely on accounting classifications of leases as operating or finance leases, and the accounting treatment of lease transactions, continue to operate in the way they currently do. The objectives are to: • • ensure that lessors and lessees will be neither disadvantaged nor advantaged by the proposed accounting changes; remove uncertainty for businesses about the future tax treatment of leasing contracts, arising from uncertainty about future lease accounting standards and their interaction with current tax rules; and protect the Exchequer. • Background to this measure • • This measure has not been previously announced. Limited informal consultations with some representatives from...
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...Ajetunmobi (11068116) Sata Stella Mutale (12058998) For Information Only 4 Executive Summary 4 Company Summary 5 Company Ownership 5 Management Team 5 United Kingdom Office: 5 Nigerian Office: 5 Zambian Office 5 Start Up Summary 6 Start Up Funding 6 Unique Selling Point 6 Market Analysis Summary 8 Market Strategy 9 Product 9 Price 10 Place 10 Promotion 10 SWOT Analysis 11 Strengths 11 Weaknesses 11 Opportunity 11 Threat 11 Industry Analysis Summary 12 Threat of New Entrants 12 Bargaining power of Customers 12 Bargaining power of Suppliers 12 Competitor Rivalry 13 Threat of Substitutes 13 Operations Management 14 Market Analysis 14 Artist Management 14 Detailed Planning 15 Implementation 15 Delivery 15 Evaluation 15 Macro Environment Summary 16 Political 16 Economic Factors 16 Social factors 17 Technological factors 17 Legal Factors 18 Environmental Factors 18 Financial Management 18 Inaugural Events 18 Nigerian Independence Day 18 Zambian Independence Day 20 3 year forecast 21 Reference/Bibliography List 22 For Information Only This document is a business plan. It should not be taken as an offer for sale of any securities of the company. It is for your confidential use only and should not be reproduced, sold, edited or redistributed without the written consent from SBM Events Management. Executive Summary SBM Events Management is a company that organizes and manages events for renowned and...
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...21510 Global Context of Management Online Travel Agency – UK Table of Contents Introduction 3 Global View 4 PESTEL Analysis 5 Porters Five Forces 6 Appendix 1: PESTEL Analysis 7 Political & Legal 7 Economic 8 Social/Cultural 9 Technological 10 Environmental 11 Appendix 2: Tables & Graphs 12 Appendix A 12 Appendix B 12 Appendix C 13 Appendix D 13 Appendix E 14 Appendix F 14 Appendix G 15 Appendix H 15 Appendix I 16 References 17 Introduction This report aims to analyse the online travel agency industry in the United Kingdom (UK). It does so using a variety of techniques: 1. Offering a global view of the industry across four chosen countries – China, India, United States and the UK 2. PESTEL analysis – a summary is included in this executive summary, with the full analysis as an appendix at the back. 3. Porter’s 5 Forces analysis The online travel industry in the UK has been established for some years now and is reaching maturity. As it reaches maturity, the rapid growth it saw leading up to this point will cease to continue. This will increase competition and make it increasingly difficult to operate an agency. This economic climate will cause further difficulties for online travel agents as consumers look to find value for their money, and spend time seeking the lowest price. In saying that there are enormous opportunities on the technological front with m-commerce beginning to come...
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...IoD Big Picture Summer 2013 Tax avoidance: remedies and collateral damage SNAPSHOT • The term ‘tax avoidance’ needs to be carefully defined and is not the same as ‘tax abuse’ or ‘tax evasion’. This article considers where avoidance becomes abuse and, in particular, the advantages and disadvantages of some measures to control it. Tax avoidance: remedies and collateral damage Richard Baron, former Head of Taxation at the IoD, and Stephen Herring, his successor, consider the proper use of the term ‘tax avoidance’, where avoidance becomes abuse, and the pros and cons of some measures to control it. • The basics of UK tax law are simple, but difficulties arise from complex transactions that require specific rules – which in turn create opportunities for aggressive tax avoidance and abuse. ax avoidance has rarely been out of the news over the past two years, although the term has also rarely been properly defined and has often been muddled both with tax abuse and, even more incorrectly, tax evasion. Commentary has focused on two separate assertions that tax avoidance is taking place. Firstly, claims that some multinational groups of companies, generally US-owned, have undertaken planning which might involve recognising profits in one country rather than another that has higher corporation tax rates. Secondly, introducing planning arrangements to secure better treatments of financing costs, intellectual property rights and undistributed profits by locating business...
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...Introduction The purpose of this report is for the writer to reflect on a business ethic decision that a company undertakes and the impact that the decision has on its stakeholders and what effect the business decision has on the reputation of the business. The writer will also recommend a solution to the problem and discuss the future of such a decision. Uber is a high-tech, online transportation company with headquarters in San Francisco. It brilliantly connects the transportation industry with technology via an app. Customers can use their mobile smart phones to request a trip which is then routed to drivers that owe their own vehicles. Uber prides themselves as leaders in the corporate social responsibility world. Writer will investigate why Uber do not pay corporate taxes. Uber as a leader of a corporate social responsible company If one looks at Uber’s business model one can see why Uber pride themselves as leaders in the corporate social responsible world. Uber enables people to efficiently uses capital and they also enhance consumer welfare by reducing consumer’s incentives to purchase automobiles; ensuring them saving money but also help reducing environmental harms by having less automobiles on the road. They also opened the possibility of maybe opening car park spaces to new environmental friendly uses. Uber offers ease of ordering, certainty of car arrival time, ability to see the route taken, ease of payment, and quality control (vennli.com). Uber’s...
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...Introduction 2 1.1 Describe the UK tax environment to Shawn 3 1.2 Analyse the role and responsibilities of you as the tax practitioner in the contexts of UK tax system. 7 1.3 Explain the tax obligations of tax payers or their agents and the implications of non-compliance 9 2.1 Calculate relevant income, expense and allowances 10 2.2 Calculate taxable amounts and tax payable, for employed and self-employed individuals, and advise on payment dates 11 2.3. Complete relevant documentation and returns 12 Conclusion 13 Reference 14 Introduction UK tax environment are many problems for a British citizen who has plans to start a new business in the UK. Being a new businessman and had no direct background about the UK tax systems rules and procedures, Based on the information in the scenario, we research in the UK tax environment according to the factors following: the environment, the role and the responsibility of the UK tax practitioners, tax system, explain the tax obligations of tax payers or their agents and the implications of non- compliance, Calculate the relevant income, expenses and allowances, Calculate taxable amounts and tax payable, for employed and self-employed individuals, and advise on payment dates for the above cases, complete the relevant documentation and tax returns. 1.1 Describe the UK tax environment to Shawn 1.1.1 UK tax legislation: The tax which is regulation set to apply for citizen in UK with the purpose of raise revenue...
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...TABLE OF CONTENTS Executive Summary----------------------------------------- 1. Introduction 2. Situation analysis 2.1 External analysis------PESTEL analysis------------------------------------- 2.2 Internal analysis--------the value chain--------------------------------------- 2.3 SWOT-analysis-------------------------------------------------------------------- 3.Strategic concerns 4.Recommendations 5.Conclusion Reference list Executive Summary: The purpose of this report is to assess the current situation of Jollibee to determine whether the brand should enter the UK or not. The report is divided into five sections. The first section is the background to Jollibee and its international operations. The second section is the environmental analysis of Jollibee through the external analysis--- PESTEL and internal analysis---the value chain in terms of market trends, customers, competitors and current position along with the SWOT analysis. The third section is the strategic concerns faced by Jollibee in the UK market. The recommendations based on the previous discussion will be given for the UK market in the fourth section. In the final section, the conclusion will be given out. 1. Introduction: Jollibee Foods Corporation was an ice cream parlor named magnolia, started by...
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...Table of contents 1.0 Introduction 2.0 Situation analysis 3.0 Summary of key issues/challenges 4.0 Strategic Options and recommendations 5.0 Marketing Mix 6.0 Summary 7.0 References and bibliography 8.0 Appendices Introduction The global fashion industry is altering with higher end fashion stores opening and selling their goods on display in more international markets such as China. This report analyses and develops the foreign markets for high end fashion. A company has been set up is called Ted Maker Ltd. The company is looking into investing in overseas with its business. The company is already an established company which sells accessories in the UK. This report will seek to develop whether or not the company should open a store overseas. With competitors opening new stores and an increase in new store development, competition in the market is getting high. This indicates that how critical it is to the chain to expand its product lines and operations, in order to advance a competitive strategy to expand the financial attainment in the high fashion industry. The report will be seeking to identify important facts and figures around the business to recommend the best course of action to expand the chain. This report seeks to provide an analysis of the luxury accessories store by undertaking a strategic audit. The report will consider going on to any feasible strategic possibilities in worldwide expansion. 2.0 Situational analysis 2.1 Macro and Micro...
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...Introduction Minimum wage refers to the lowest hourly, daily or monthly wage an employee is legally entitled to when working. Minimum wage is in effect in a range of different jurisdictions with differences in the views on the advantages and disadvantages being disputed by people. Supporters claim minimum wage increases the standard of living for workers whilst reducing poverty. Opposite views are that if it is high enough to be effective then it increases unemployment, particularly among workers who are inexperienced or handicap, thus harming the lesser skilled workers to benefit the better skilled workers The effect on employment rates due to minimum wage rates is a highly contested policy within economics. The introduction of minimum wage into the market can lead to competitive employers cutting employment; this depends on the rate of the wage rises require to comply with the current minimum wage according to the “standard textbook model”. Other models have also been suggested in which a decline in the employment rate may not occur and in fact employment may increase. During my research I found a wide range of literature on minimum wages, particularly on the effects of a minimum wage policy in place. Though a lot of informative research was concluding I also found the argument between weather the effects and positive of negative on employment, both sides of the disagreement present a large amount of information supporting the theories. Research before the 1990’s mostly...
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...Competition policy and Regulatory Mechanism …………………………………….10 Market Structure ………………………………………………………………………..11 PESTLE………………………………………………………………………………….14 EU………………………………………………………………………………………...14 Summary……………………………….………………………………………………..15 Task 1.1 Introduction Morrison Supermarket is the UK’s fourth largest supermarket. It is part of the FTSE 100 index and headquartered at the West Yorkshire (Bradford) in England. Morrison Supermarket is the smallest partner in the chain of four supermarkets (Big Four) due to its small market share. Other members of the “Big Four” are Sainsbury’s, Asda and Tesco. Currently, Morrison Company has a total of 455 superstores, including those purchased from Safeway plc. Most of the stores operate from the large superstores and primarily deal with home wares and groceries as well as furnishings, clothing and electronic items. Morrison Supermarket has lately resorted to online shopping as a result of purchasing a stake 10% of the UK online grocer, Fresh Direct. Task 1.2 Types of organizations , purpose , mission and goals The general notion states that entrepreneurs usually operate their businesses in a given region, which acts as the primary market. This implies that there may be multiple designations in a particular area. However, for the sake of tax requirements, the legal structures only recognize s few forms of business organizations. They include; sole trades, Partnership, Limited Companies, Co-operatives, Worker co-operatives,...
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...Utilitarianism and Business Ethics INTRODUCTION Welcome to philosophicalinvestigations - a site dedicted to ethical thinking (rather than one page summaries!!! Though I'm afraid I do add those at exam time - market pressures!). I hope you enjoy this case study which also has a powerpoint that goes with it. There's plenty of other useful material on this site - case studies, handouts, powerpoints and summaries, and also I have written a number of books including best-selling revision guides and a useful book on 'How to Write Philosophy Essays". Click here for details. If you're worried about exams you might at least print out my strengths and weaknesses summaries under each moral theory. I deliberately quote only from my five favourite ethics books, click here to find out which they are - because you might like to buy one of them to supplement your study. Of course, it's important to quote the philosophers themselves in their own words - see my handouts, or for what academics say about them - see the key quotes section under the topic area of each moral theory. And if you'd like to blog on anything in the news send it to me - I'd be delighted to read it and - if it fulfils the criterion of good ethical thinking (!), post it!!!!! Utilitarianism is a normative, consequentialist, empirical philosophy which links the idea of a good action to one which promotes maximum pleasure or happiness, found by adding up costs and benefits (or pains and pleasures). It has two classic formulations...
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...documented instances of price differentiation, enforcement of controversial patents against competitors, attempts to prevent discounted direct selling by publishers, and a declared intention to cease working with third-party print on demand services in favour of its own. Questions have been raised concerning the company's legal compliance. In 2002, Amazon faced a challenge to the legitimacy of their Canadian operations, although that case was subsequently dropped. A 2009 ruling in Japan found that the company, which had tried to avoid paying corporate tax in the country, was in fact liable to pay. Controversy over taxation has arisen on multiple occasions: It was reported in 2012 that Amazon is under investigation in the UK, while in the US the company has attracted criticism for only collecting sales tax from customers in five states. Compounding these problems, there have been reports of poor treatment of workers, with allegations of summary dismissals for health problems and anti-unionization tactics including mass layoffs. Some controversies have centered around content. The bookstore has carried titles such as The Pedophile's Guide to Love and Pleasure and cock-fighting magazine The Game Cock, which has attracted condemnation and even legal action from various organisations. Amazon and others have cited freedom of speech as justification for stocking controversial work. In contrast however, there have been reports of potential censorship, where material in fields such as feminism...
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