We're approaching 31st October and that means it's time to file tax returns. But with the potential disruption from national postal strikes, the Government has already announced plans to waive around £25m in late receipt fines.

2.4 million people are expected to file their returns by post – the traditional late payment is predicted to be around 10 per cent higher this year according to financialadvice.co.uk.

The potential £25m loss for the Government won't be the only shortfall – businesses are likely to suffer from late payments and delayed important documents.

The postal strikes couldn't have come at a worse time for businesses after the sting of the recession, according to the financial site.

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