Concise Accountancy

Accountants and Registered Auditors

coronavirus news updatelatest newsUseful UK Government contacts

Report price gouging business

The Competition and Market Authority (CMA) encourages the public to report price gouging business during this Coronavirus (COVID-19) outbreak. You can do this online. The CMA has received many complaints about huge price increases for essential products needed during this pandemic.

such as hand sanitizer, paracetamol, flour, meat, toilet roll, rice and eggs.

The price gouging businesses are taking advantage of consumers during this pandemic. This is poor business behaviour and should stop. If you encounter any such poor business behaviour, please report them to the CMA using the link below.

Examples of Poor business behaviors to report

  • Unfair prices for products or services I’m buying for me and/or other people
  • Unfair prices for business-to-business sales
  • A business making misleading claims about products or services
  • Problems with the cancellation, refund or exchange of products or services
  • and any other unfair behaviour you encountered

The most commonly reported price hiked products are listed below. To report, you must provide a description of the product, the current raised price and the original price before the COVID-19 outbreak.

Food products

  • Long life milk
  • Pasta
  • Meat
  • Halal meat
  • Eggs
  • Flour
  • Rice
  • Fruit or vegetables
  • Baby formula
  • Other food product
  • Hygiene & personal care products

Hand sanitizer

  • Toilet roll
  • Other hygiene product

Medical products

  • Paracetamol
  • Ibuprofen
  • Antiseptic
  • Other medical product
  • Other product

Similarly, If the product or service you would like to report not listed above, you can provide a description of the product, the current raised price and the original price before the pandemic.

You must indicate in the online form where did the poor business behavior happen? whether online or in store etc.

Do take note of the business name and address where you encounter this poor business behaviour and also the date of the event. Even better if you could provide evidence such as a screenshot, a photograph or a receipt.

You must declare if you are happy to be contacted for more information. Then you click SUBMIT the complaint form.

Companies House filings

During this COVID-19 outbreak, Companies House encourages its customers to submit documents online.  You can submit the following documents online.

All you need is your company’s authentication code issued by Companies House. The authentication code is the electronic equivalent of your company’s director(s) signatures. Keep safe your authentication code.

Companies House announced temporary changes to filing requirements on 1 July 2020. You will get an automatic extension of your company account and confirmation statement filing deadline. You can check your document’s filing due date from the Companies House website.

Companies House has also created an interim paperless filing service to accept documents which must be delivered on a paper form with a live signature.

If you require help with your UK company’s filings, contact us. Our accountants can help you.

Share this post

%d bloggers like this: