New research from the Federation of Small Businesses (FSB) suggests half (52%) of small firms have been stung by unfair contract terms with suppliers, costing nearly £4 billion in the last three years. Suppliers are failing to make auto-rollover clauses clear up front (24%), tying businesses into lengthy notice periods (22%), charging high early termination…
At least one fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company, according to new research by insolvency and restructuring trade body R3. A survey of the insolvency profession reveals that late payment for goods or services was a primary or major cause of…
The Royal Institution of Chartered Surveyors (RICS) has reported a significant drop in demand for rural land in H1 2016, and with supply continuing to increase, expectations have been pushed further into negative territory. According to RICS research, 49% of contributors now expect prices to fall across all farm types over the coming year. Anecdotal…
Paying tax should become less burdensome for British businesses under plans for a new tax system set out by HMRC. Six consultation documents which seek views on its Making Tax Digital programme have been unveiled setting out the benefits as follows: •cash-basis accounting so that thousands more will be able to pay tax based simply…