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Europe

Tax reforms to reduce VAT in 2004, foreign investment...

Prime Minister Mikhail Kasyanov said that the government was "pressing on with tax reforms," recalling that from 2004 VAT would go down from 20% to 18% and the sales tax would then be abolished. The unified social tax or payroll...

FDA Q2 statistics show record turnover as invoice finance...

The popularity of factoring and invoice discounting as a financing option has continued to grow as industry turnover hit record…

#exporters#international#invoice


Lloyds TSB provides invoice discounting and stock facility for...

Professionals from three of Bristol’s leading firms have helped secure a management buy-out (MBO) at leading wetsuit company, Gul International.…

#commercial finance#emerging markets#international


SME credit threshold rise diminishes trade credit data

In July the Department of Trade and Industry (DTI) announced new proposals to raise medium-sized company thresholds to the EU…

#management#security#smes


SMEs welcome insolvency rule change but accountant warns against...

Rules designed to prevent struggling companies from becoming insolvent came into force yesterday (15 September), to warm applause from small…

#Crown preference#insolvency#smes


Dynamic announces first half 2003 results

Dynamic Commercial Finance plc has continued to grow profitably during the first six months of 2003, producing a profit before…

#commercial finance#funding#receivables


New small business guide from Lloyds TSB

Over 1.5 million UK entrepreneurs have used The Lloyds TSB Small Business Guide since it’s first edition published in 1987…


New FSA rules will 'hurt' SMEs

Plans by the Financial Services Authority (FSA) to require businesses to report electronically could force the closure of many small…


Swedes vote “no” to euro

Sweden delivered a crushing rejection of the single currency yesterday (14 September), turning its back on closer integration with Europe…


Infoscore aims for 12% turnover increase

Infoscore Management und Beteiligungs GmbH, the German provider of factoring and debt collection services, as well as of information on…


Lloyds TSB provides Ј9 million invoice discounting solution for...

A Stratford-upon-Avon based company is set to grow into one of the biggest vegetable suppliers in its field after eating…


Significant corporate insolvency changes go into effect

On September 15, 2003, the corporate insolvency provisions of The Enterprise Act 2002 (the Act) come into force in England.…

Finance Credit co-founder indicted

Trond G Kristoffersen, who co-founded the collapsed Finance Credit firm, has been indicted for allegedly swindling Norwegian banks for NOK…

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