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Article: The WEEE directive: Keith Dolby explains why UK firms will find that the costs of asset disposal fall on them, not on the provider, unless they improve their records.(technical matters)
- Article from:
- Financial Management (UK)
- Article date:
- February 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Chartered Institute of Management Accountants (CIMA). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The implications of the waste electrical and electronic equipment (WEEE) directive seem to have passed unnoticed by most UK businesses. And why not? The legislation states firmly that the responsibility for disposal rests with suppliers and distributors.
But endemic poor asset management means that this is a burden that will pass directly to many firms' bottom lines. Most businesses find that more than ten per cent of assets on their register no longer exist and they lack any component-level recording of electrical and electronic assets, so they are going to struggle to identify the original suppliers and provide a full audit trail through to the disposal of ...