Improving Payment Performance

The Government has announced new measures to tackle late payment, with the aim of supporting small businesses and ā€œunlocking their barriers to growthā€. It plans to ā€˜step upā€™ enforcement of the Reporting on Payment Practices and Performance Regulations and introduce new legislation requiring large businesses to include this information in their annual reports. The guidance […]

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Reverse VAT Reminder

With businesses across the industry facing significant cashflow pressures due to rising inflation, Reverse VAT may be exacerbating the situation for contractors that generally work for other contractors. Under Reverse VAT, they no longer receive VAT on the services they supply but must still pay VAT to suppliers of plant and materials, which means they […]

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COVIDā€19 Rules Strengthened

The Government has introduced a number of temporary COVIDā€19 measures from 30 November in response to the emergence of the Omicron variant in the UK: Close contacts of suspected Omicron cases will be contacted by NHS Test and Trace and legally required to selfā€isolate for 10 days, regardless of their vaccination status or age Face […]

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