New measures proposed to tackle late payments

The Government has proposed new measures to address the problem of late payments to small businesses. Several proposals were published as part of a consultation on the issue, as the Government seeks views on how to improve payment culture and prevent unfair practices...

Government announces apprenticeship levy reforms

Chancellor Philip Hammond has announced a package of new measures to reform the under-fire apprenticeship levy. Under the new rules, employers who pay the apprenticeship levy will be able to transfer a quarter of their funds to organisations in their supply chain,...

Chancellor confirms 2018 Budget date

Budget 2018 will take place on Monday 29 October, Chancellor Philip Hammond has confirmed. In a post on Twitter, Hammond said he would set out a plan that would support public services and build a "stronger, more prosperous economy". Many will be looking to the Budget...

New laws to boost SME access to invoice finance

The government has proposed new laws to make it easier for small businesses to access finance for late payments. Currently, larger businesses in contracts with small suppliers can prevent the smaller business from securing invoice finance from banks or other...

Treasury scraps plans to abolish class 2 NICs

Class 2 national insurance contributions (NICs) will no longer be abolished in April 2019, the government has announced. The Treasury was originally set to scrap class 2 NICs, which are paid by self-employed people with profits of £6,205 or more a year, in April 2018....