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Business News

One in three blocked from paying with cash during pandemic

Over a third of UK consumers have been blocked from paying for goods with cash during the coronavirus (COVID-19) pandemic, according to research from consumer group Which?. Which? surveyed more…

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21/01/2021
Business News

Big businesses must pay small suppliers more quickly under changes to PPC

Large businesses must now pay their smaller suppliers more quickly under changes to the UK's Prompt Payment Code (PPC). Big businesses signed up to the PPC must pay small firms…

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20/01/2021
Business News

CBI urges government to ‘act on COVID business support’ ahead of Budget

Ahead of the 2021 Budget in March, the Confederation of British Industry (CBI) has urged the government to provide more financial assistance to businesses affected by the coronavirus (COVID-19) pandemic.…

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19/01/2021
Business News

Supreme Court backs small firms on business interruption claims

The UK's Supreme Court has found in favour of small firms receiving payments from coronavirus (COVID-19) business interruption insurance policies. The test case was brought against insurers by the Financial…

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18/01/2021
Business News

COVID-19 is reasonable excuse for self assessment late filing, says HMRC

HMRC says it will accept coronavirus (COVID-19) as a reasonable excuse for the late filing of self assessment tax returns. However, taxpayers must submit the return as soon as possible…

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15/01/2021
Business News

Taxpayers using Time to Pay to spread cost of tax payments

Tax payments worth over £69 million are being spread through HMRC's Time to Pay facility, according to the tax authority. HMRC said that nearly 25,000 self assessment taxpayers have set…

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14/01/2021
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