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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

SME owners have pumped £12k of their own cash into their businesses

SME owners have ploughed thousands of pounds into their businesses, but many still see them folding in the next five years

Accounting

Ex-small business commissioner blames Whitehall for pushing him out

Paul Uppal, who stepped down in October, says government ignored his office, which he says needs more resources to tackle scourge of late payments

Tax

Sajid Javid warns Labour will extend inheritance tax to family businesses

Chancellor warns that Labour wants to stop family members inheriting small businesses – Labour denies any such plans as part of business taxes review

Business Technology

Small Business Minister Kelly Tolhurst – ‘Tech is key to solving productivity’

Small Business Minister Kelly Tolhurst talks to Smallbusiness.co.uk about late payments, productivity and what to expect from the Business Finance Council.

News

Paul Uppal steps down as Small Business Commissioner

Paul Uppal is no longer in his role as Small Business Comissioner due to a conflict of interest over a banking redress service.

News

SMEs say late payments are a greater issue than they were a year ago

The latest ICAEW figures reveal another consecutive month of negative business confidence and a concerning rise in issues with late payments.

Accounting

Late payers to small business could be barred from public sector contracts

Some of the biggest Government outsources face being axed from public-sector contracts if they fail to start paying small businesses on time

Accounting

Government must halve late payments window to 30 days, urge experts

Government clampdown on large companies abusing late payments to small businesses do not go far enough, complain professional bodies

Accounting

Large businesses could be fined for failing to pay SMEs on time

Government announces new £1m fund to help small businesses migrate to digital payments and invoicing, beefs up powers of Small Business Commissioner

Accounting

How to tackle late payments to your small business

Late payments cost small business owners £6.7bn a year just chasing overdue invoices. Antti-Jussi Suominen offers solutions as to how to handle late payments

Accounting

5 ways small businesses can keep on top of freelance payments

Freelancers have become increasingly important to even the smallest of businesses, says ETZ Payments CEO Nick Woodward. Here are 5 easy wins to ensure freelancers are paid

Financing

Small Business Commissioner claws back £3.1m over last 6 months

Figures show that commissioner office is getting into its stride tackling one of the biggest problems affecting SMEs

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