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Government Initiatives

Calls for VAT rise to be pushed back

Businesses are unhappy over government plans to stick to its original timetable on the return to the old standard rate of VAT.

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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.

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Government extends trade credit insurance scheme

The government has made changes to its trade credit insurance top-up scheme so that more firms can take advantage of it.

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SMEs encouraged to consider export markets

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

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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.

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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.

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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.

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Micro businesses need more help with training

The UK’s smallest businesses are losing out on government-backed training schemes and should have a dedicated skills body that more effectively represents their needs.

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Skills funding described as 'untenable'

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

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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.

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