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One of the most common ways that the government monitors and regulates business is through licensing systems. These systems allow the government to ensure commerce conducted within the UK reaches a certain standard that does not infringe the rights of customers or other traders. Failing to obtain a licence before engaging in restricted commerce will result in action by the government and even criminal charges.
Unlike many other countries, the UK does not require businesses to have a ‘Business Licence’ simply to run. However, many forms of commercial enterprise may find themselves engaged in trade which does require some form of licence.
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If you have breached the licensing system or would like advice in relation to it please contact our regulatory team today on 0203 816 9274.
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