Industry News

Landlord costs could increase due to legislation

A new ban on tenant fees could push costs of more than £80 million onto landlords, government figures have shown.

The tenant fees bill, which was published on 2 May 2018, includes a ban on all fees charged to tenants apart from rent, deposits, and certain necessary costs.

A government impact assessment confirms that “the main costs fall on landlords and letting agents” as a result of the changes, with landlords expected to absorb £82.9 million in the first year. More…

Starting a business

Things to consider when starting a business.

Last year 608,110 businesses were incorporated according to data from Companies House. This is a year-on-year increase of 26,937 on the 581,173 businesses started in 2014.

However, figures from the Office for National Statistics show that 55% of new businesses fail within 5 years.

In order to avoid becoming part of this statistic, it is important to lay the groundwork before starting off on the path of business ownership and management. More…

IHT and the nil-rate band

A detailed guide to the residence nil-rate band for inheritance tax.

The rise in property prices throughout the UK means that even those with modest assets may find that their estate exceeds the £325,000 nil-rate band for inheritance tax (IHT).

The percentage of properties sold for more than £325,000 has doubled since the current nil-rate band was set in 2009, research by Saga Investment Services has found. More…

Autumn Statement 2016

Chancellor Philip Hammond is due to deliver his Autumn Statement on 23 November 2016.

Speaking at the Conservative party conference in October, Hammond said the government will prioritise spending on housing and business investment to boost the economy.

Here is a round-up of some of the potential measures that could be announced. More…

Higher earning parents use flexible working

Parents who earn more are more likely to work flexibly, according to the charity Working Families.

69% of parents who earn more than £70,000 a year work in a flexible way, compared to 47% of those earning between £10,000 and £40,000.

More than two thirds (68%) of all working parents said their work interferes with their ability to take part in activities with their children. More…

Businesses lack export ambition

Most businesses don’t currently export and don’t intend to start, according to research by the Institute of Chartered Accountants in England and Wales (ICAEW).

69% of businesses have never traded overseas and have no plans to do so in the future despite high-profile government campaigns. More…

VAT after Brexit

What could happen to VAT after the UK has left the European Union?

On 23 June 2016, the British public voted in one of the most important referendums of modern times.

The public’s decision to leave the EU will have an impact on almost every aspect of economic life. Trading relationships will need to be reformulated and new ways of attracting foreign investment may have to be sought. Future governments will have a new-found sovereignty over taxation policy. More…

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