Tag

Late Payment

Articles, news and advice on the widespread issue of late payments for UK small businesses. Topics covered include government regulation, debt collection strategies, setting legal deadlines for payment, imposing penalties for delays, and establishing mechanisms for dispute resolution or renegotiation of payment terms.

News

Small Business Commissioner to act on anonymous tip-offs

The Small Business Commissioner, Liz Barclay, will be able to conduct investigations and write reports based on information and tip-offs.

News

Late payments watchdog collects less than £1m in past two years

Office of the Small Business Commissoner claws back just £800,000 in late payments since new commissioner took over, saying sums involved are getting smaller

Tax

Self-employed hit with interest rate hike on overdue tax bills

HMRC imposes 7.5% interest rate on overdue self-employed tax bills from Monday, July 31

News

Average wait time to be paid now 31 days

January saw a sharp spike in the length of time clients are waiting to pay overdue invoices to small businesses

Business management

Small Business Minister calls for prompt payment as thousands of firms face closure

The Small Business Minister has made fresh calls for small businesses to be paid promptly by larger companies

News

Government launches Payment and Cash Flow review

The Payment and Cash Flow review will look at existing payment practices to help stop small businesses being ripped off by larger firms

News

Typical business loses money for third of year

Nine out of ten small businesses take in less money than they pay out for at least one month a year, according to new research

News

Late payment could close one in ten small businesses

8% of small businesses face going out of business in 2022 because of late payment by clients, says latest FSB survey of small firms

Business management

Failure to pay an invoice

What can you do if one of your clients is a persistently late payer? Are there steps you can take? Is there support available? Small Business Commissioner Liz Barclay explains there is help at hand

Business management

Liz Barclay answers your questions about late payment

Join Small Business Commissioner Liz Barclay on September 9 for a special Twitter Q&A using the hashtag #AskSBCommissioner

News

BBC journalist Liz Barclay appointed small business commissioner

Barclay has long history of campaigning for the rights of consumers and small business owners

News

Big companies must pay small business suppliers within 30 days

Companies will have to pay 95% of small businesses within 30 days, down from 60 days

Partner content

What is professional indemnity insurance?

Professional indemnity insurance provides cover if somebody sues your business and they allege that your advice caused financial loss or damaged their brand. It’s not just for accountants and lawyers but for anyone offering a personal service, even web designers

Partner content

Benefits of switching to the right business bank account

We've teamed up with the Current Account Switch Service to explain the benefits of switching your business bank account.

Partner content

Business Companion: a reliable voice in the misinformation age

Business Companion is a one-stop-shop for accurate and up-to-date legal guidance, whatever sector you’re in — and it’s all completely free

Finding and selling to customers

How Amazon Ads is supporting entrepreneurs

Digital ad campaigns aren't just for big businesses. Here's why you should be considering it...