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News Release from: Repic
Edited by the Electronicstalk Editorial
Team on 29 September 2005
Seminar counts the costs of WEEE
Repic, Ernst and Young and Eversheds are to hold a seminar in London for Financial Directors of those companies affected by the UK implementation of the WEEE Directive in June 2006.
Repic, the not-for-profit recycling body set up by 53 of the UK's leading electrical goods producers, Ernst and Young, the leading accountancy firm, and Eversheds, the largest law firm in the UK, are to hold a seminar on Friday 14th October in London for Financial Directors of those companies affected by the UK implementation of the WEEE Directive in June 2006 The purpose of the seminar is to stimulate debate on the accounting treatment of the costs of complying with the WEEE Directive and the legal obligations that it will place on UK businesses following its UK transposition
This article was originally published on Electronicstalk on 25 Sep 2008 at 8.00am (UK)
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Repic hosts free workshops for councils
Repic is running another series of workshops to provide councils with an update on the current WEEE legislation and a forum to feedback experiences and explore opportunities going forward.
WEEE workshops target local authority employees
Workshops will discuss the WEEE regulations in the context of the relationships between the producer compliance schemes and councils who operate designated collection facilities.
The cost of the implementation of the WEEE Directive is estimated to be between GBP 250 million and GBP 500 million according to the UK Government and it will place a series of obligations on producers of electrical and electronic equipment.
The WEEE Directive will impact on every household in the UK, as it requires producers to provide the means to recycle all redundant, separately collected electrical and electronic appliances, from washing machines, to games consoles, torches and hearing aids.
The cost of recycling redundant electrical equipment is the responsibility of the producer or retailer that introduces new products into the UK market.
Dr Philip Morton, Repic's Chief Executive, said: "Financial Directors of electrical and electronic equipment companies are keen to assess the impact of the WEEE Directive on their accounts".
"Until the recent IFRIC statement there has been little guidance available on this subject and the purpose of the seminar is to debate the issues and work together to establish best practice in this area".
David Gavins, Director of Ernst and Young added: "The 'patchwork quilt' of interpretation and implementation throughout Europe does not help our understanding of this issue".
"This discussion will be invaluable in defining the best accounting approach to WEEE".
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