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Business news

Little time left to claim special VAT refunds

Businesses are being reminded that the date by which they can claim a special, one-off refund on past VAT payments is 31 March 2009.

HMRC sending out penalty notices for late P11D(b) returns

Employers are being advised that, as from 16 March, HM Revenue and Customs (HMRC) is sending out penalty notices to those firms yet to file their 2007-08 form P11D(b) Class 1A National Insurance contributions annual returns.

Pensions deficit hits record levels

Final salary pension schemes in the private sector were underfunded by £219 billion last month, new figures have revealed.

Deflation reduces small business costs

The cost of operating a small firm has dropped as deflation replaces inflation during the deepening of the economic downturn.

Smaller businesses experience increase in late payments

Small firms have seen a rise of 40 per cent in late payments, adding to the woes of the economic downturn.

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