UK businesses are losing 12 per cent of their revenue because they are failing to reclaim VAT, the latest research has revealed. Continue reading
Category Archives: Family Businesses
Government set to unveil £520 million ‘help to grow’ scheme for small businesses
The Chancellor, Rishi Sunak, is set to announce plans to help the UK’s economic recovery by unveiling a new ‘help to grow’ scheme for small to medium-sized enterprises (SMEs). Continue reading
Businesses to have access to free service to help resolve disputes with banks
Small and medium-sized enterprises (SMEs) will have access to a new independent service to assist in resolving disputes with banks. Continue reading
Government urged to extend COVID business support measures
The Government is being urged to extend emergency coronavirus support in the upcoming Budget with a recent study warning that businesses face a £50 billion shortfall when the support measures end in April 2021. Continue reading
Insolvency: 900,000 UK businesses are ‘at risk’ of closure
One in seven UK businesses are ‘at risk’ of closure in the first half of 2021 with many coronavirus business support measures due to close in March and April, according to the latest research. Continue reading
CJRS: Annually paid directors may now be eligible for furlough claims
Small company directors that were not able to claim under the Coronavirus Job Retention Scheme (CJRS) because they paid themselves an annual salary in March 2020 may now be eligible to claim under the scheme. Continue reading
Late payments: Large businesses to pay small firms within 30 days under Prompt Payment Code
The Government has confirmed that large businesses that have signed up to the Prompt Payment Code (PPC) must pay small businesses within 30 days. Continue reading
Business rates: UK businesses could save almost £500 million after interim rebate ruling
Businesses in the UK could save a combined total of £481 million in business rates after an interim ruling on rebates. Continue reading
HMRC: Penalty payments for non-compliance increase by 62 per cent
HM Revenue & Customs (HMRC) penalties for non-compliance by taxpayers have risen by 62 per cent, according to the latest research. Continue reading
UK businesses still have ‘unanswered questions’ on post-Brexit rules
UK businesses are still unclear on which rules and regulations will apply to them once the Brexit transition period ends, according to data from the British Chambers of Commerce (BCC). Continue reading