HM Revenue & Customs (HMRC) has announced that later this month they will introduce new procedures for civil fraud investigations.
Andrew Swan · January 20, 2012
December and January represent the worst 2 months of the year for payment of business debts. The combination of bad weather, lower productivity and the distraction of parties and holidays mean that businesses find their customers either avoiding them altogether or promising payments before Christmas that do not arrive until mid January. This all leads to a serious hangover for businesses, in particular SMEs, who find that cash flow has considerably deteriorated by the end of January.
Mark Green, Head of Debt Recovery at Newcastle-based Short Richardson & Forth Solicitors, said: “North East businesses of all kinds suffer at this time of year with the slowdown in payment by customers. Many businesses consider it to be unavoidable but that is not the case. Credit controllers should be contacting customers in advance of invoices falling due to remind them of the payment date and that they expect to receive payment on or before that date and not after. Businesses should also consider warning commercial customers that a late payment will lead to compensation and interest being added to the debt in accordance with the Late Payment regulations. This is charged per invoice and can be substantial.”
Mark Green · December 8, 2011
In response to client feedback we have launched a new service to assist financial and credit controllers. The free service includes a one hour training session aimed at improving existing credit control procedures, reducing bad debt and increasing cash flow. For more details please contact Denize Taylor .
September 2, 2011
Mr Munir Yakub Patel, an administrative clerk at Redbridge Magistrates’ Court, Ilford, London, is to be prosecuted under Section 2 of the Act. He is alleged to have requested and received a bribe intending to improperly perform his functions.
The reviewing lawyer for the CPS Special Crime and Counter Terrorism Division, Gavin Hart said:
“It is alleged that Patel promised an individual summonsed for a motoring offence that he could influence the course of criminal proceedings in exchange for £500, on 1 August 2011.
Andrew Swan · September 1, 2011
SRF is pleased to learn that 4 of the firm’s partners have been recognised as ‘leaders in their field’ in the forthcoming Chambers UK 2012 directory...
August 25, 2011
Disputes arising under the ambit of Section 106 of the Employment Rights Act 1996 very rarely find their way to our desks. However in Victoria and Albert Museum v Durrant the Employment Appeal Tribunal considered the employer’s appeal against a finding section 106 did not apply to the termination of Durrant’s employment.
Jean-Pierre van Zyl · August 12, 2011