Business development

VAT accounts for almost half of delayed business taxes

Firms have delayed paying £1 billion of VAT after reaching agreements with HM Revenue and Customs (HMRC) under the Business Payment Support Service.

SMEs encouraged to consider export markets

Smaller firms should look seriously at exporting as a way of combating the economic downturn.

Businesses reschedule £2.5 billion in tax payments

The amount of tax which small firms have asked to delay paying under the government’s Business Payment Support Service has risen to £2.5 billion.

Publicly funded small business scheme under review

The government has set up a review to examine whether a publicly backed venture capital fund is needed to help small, high growth firms with their financing.

Government small business lending scheme wins support

The government’s main scheme for encouraging the banks to lend to SMEs during the recession has gained the backing of business groups.

Late payment a problem, VAT cut of little help, say businesses

A new survey has revealed that for many firms delays in invoice settlement are on the increase, while the reduction of the VAT rate has not been effective in tackling the downturn in business.

Skills funding described as 'untenable'

Government plans for funding workplace skills programmes need urgent clarification, a leading business organisation has said.

Managing a business during a recession

Managing a business can be challenging at the best of times. Here are some tips on how to make it through the worst.

Businesses should 'persist' in chasing funding

Businesses are being advised not to take refusals of help with funding from banks as the final word on the matter.

Europe should suspend introducing new employment regulations

Ahead of the forthcoming European elections, the British Chambers of Commerce (BCC) has called on the European Commission to place a moratorium on all new employment laws.

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