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Cyprus banks warn against expanding basic account access to small firms
Businesscyprus-mail13d ago

Cyprus banks warn against expanding basic account access to small firms

The Association of Cyprus Banks has expressed strong disagreement with proposed legislative amendments affecting payment account access, warning that the changes could create legal, practical and competitive problems for the banking sector. In a detailed note signed by senior director Michalis Kronides, the association said it disagrees with amendments concerning the comparability of fees, the […]

Ending UK customs relief on low-value imports could push up prices, BCC says
BusinessThe Guardian14d ago

Ending UK customs relief on low-value imports could push up prices, BCC says

Business group warns of harm to small firms and trade as it calls for phased end to ‘de minimis’ exemptions Removing the UK’s tariff exemption for low-value imports could push up prices and harm small companies and trade, a leading business group has said, as it called for a phased-in approach to ending the “de minimis” rules. The UK government plans to end the tax break on imports of goods worth less than £135, making them subject to customs duty, with the changes to take effect in March 202...