#uk-business

#uk-business

KNP Logistics Group, one of the UK's oldest transport companies, collapsed due to a ransomware attack initiated from a single guessed password, leaving 700 employees without work.

The order states that the de minimis exemption will no longer apply 'regardless of value, country of origin, mode of transportation or method of entry' meaning all shipments will be subject to 'all applicable duties, taxes, fees, exactions and charges'.

UK businesses are thriving by expanding online, reaching global markets and overcoming geographical limits. This shift has allowed them to tap into new customer bases, build brand recognition in diverse regions, and boost sales without the need for physical storefronts.

The so-called final mile of delivery, when a package is transported to a consumer's doorstep, is often the most challenging, industry experts say.

Just days after launching a wholesale multi-gig broadband product designed to enable internet service providers (ISPs) to offer business customers connectivity with symmetrical speeds of 5.5Gbps, CityFibre has announced that it has tripled the availability of its dedicated, enterprise-grade Ethernet services to serve more than 260,000 UK businesses.

HMRC's Wealthy and Mid-Size Business Compliance team is targeting 'rich' UK individuals, impacting business owners making £200k or owning properties worth £2m.

"There are two main ways to transfer money directly from your bank to a business account in the UK - via dedicated payment gateways online or by setting up manual transactions."