UK businesses report losing £8 for every £100 billed in the last year due to the non-payment of invoices, according to the research by trade credit insurer Atradius.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
Taxpayers could receive a Christmas bonus
Taxpayers who file their tax returns online by the 30 December may be able to enjoy a Christmas bonus.
UK’s anti-money laundering measures need complete reset, says report
Un-policed and often unenforceable anti-corruption laws have made the UK the global money-laundering capital for a post-Soviet Union elite, severely damaging Britain’s international reputation and the rule of law, the London-based thinktank Chatham House says in a report.
The issue of Net Zero and Taxation
“Net Zero” is set to become the phrase of the day. It may even eclipse some of the Covid jargon that has become part of our lexicon over the last two years!
Employers warned over care with Christmas payroll as could make employees worse off
Employers who try and help employees buy paying Christmas salaries early could affect those on universal credit by up to 55%.
Haulage company sets out to solve HGV driver shortage by becoming partnership
Hertford-based haulage company, Matthews Haulage, today announced that it has formed Matthews Haulage and Partners Limited Liability Partnership (LLP) with the assistance of its tax advisers, Optimal Compliance.
Sky Sports presenter handed £281,000 IR35 bill
Leading IR35 specialist, Qdos, have responded to the news that Sky Sports TV presenter, Dave Clark, has lost an IR35 case appeal carrying £281,084.48 in tax liability.
UK business rates review may tax streaming services and online goods
Streaming services, such as Netflix and Spotify, online newspapers, ebooks and items reserved online but picked up in stores could be subject to a new online sales tax if ministers give it the green light.
Bad weather the one damp spot in strong Hiscox results
Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, more than City analysts had expected, but rising rates have enabled it to report strong premiums written this year.
Overdue invoices costing 75% of business time new survey shows
Businesses and accounts departments are spending too much time chasing overdue debts when that time would be better spent in advising their sales teams on who to do business with or not in the first place.
Insolvencies set to rise as creditors go to the courts
A sharp rise in creditors using court action to recover debts has fuelled fears of a jump in insolvencies.
Shipping firms that fly red ensign flag to be offered tax breaks
Global shipping companies will from April 2022 be offered tax breaks if they fly the UK’s historic merchant shipping flag, the red ensign.
Rishi Sunak splashes the cash in giveaway budget
Rishi Sunak today repudiated austerity as he used better than expected economic growth to boost spending on public services.
Fears over the future of free debt advice
There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut.
UK’s buy now, pay later credit industry to face regulation even though limited evidence of harm
Tighter regulation of the buy now, pay later credit industry is on the way, though the government has concluded there is “relatively limited evidence” of widespread consumer harm.
