Proposed 20pc VAT “fine” to help improve SME cashflow

A VAT penalty proposed for firms that delay paying bills is gathering support among business organisations and advisers. An article in the Telegraph this month discusses how Beatrice Bartlay, managing director of 2B Interface, the jobs agency, is canvassing support for reforms to a problem she says is “killing” small businesses. Ms Bartlay said the “simple rule change in one fell swoop would release cash throughout the supply chain and give Britain’s SMEs a chance to thrive and prosper”.

How has late payment affected your cash flow? And do you use Invoice Discounting to manage this?

http://www.findmeafactor.com/invoice-discounting.html

http://www.telegraph.co.uk/finance/yourbusiness/9979937/VAT-penalty-proposed-for-firms-that-delay-paying-bills.html