Personal Care Services: Regulation
Commons · Question 18418 · Tabled 6 Dec 2024 · Treasury · Official record
Answered 11 Dec 2024
Question
Asked by Simon Opher
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of introducing regulations to enhance financial transparency within the hairdressing industry.
Answer
Answered by Tulip Siddiq, 11 Dec 2024
Financial transparency is key to ensuring cash-based businesses meet their legal obligations, such as registering with HMRC and paying taxes promptly. However, these benefits must be balanced against the burdens on business created by new regulation. Whil...