Calls for extra tax breaks for good landlords
There have been calls for extra tax breaks for good landlords in a bid to improve the maintenance and management of rental properties that would, in turn, provide better housing for tenants.
Darren Specterman Blog |
There have been calls for extra tax breaks for good landlords in a bid to improve the maintenance and management of rental properties that would, in turn, provide better housing for tenants.
There was a 30 per cent increase in claims for Research and Development (R&D) Tax Credits by small and medium-sized enterprises (SMEs) in 2012-13 than there was in the previous tax year, according to recent figures from HM Revenue & Customs (HMRC).
New figures obtained under a Freedom of Information (FoI) request suggest that the Government is expecting to pay back £4.2bn to businesses that appeal against their rates bill.
Campaigners and retailers have called on the Government to urgently review the business rates system, after it emerged that businesses were accumulatively overcharged around £2.1bn over the past five years.
The Government has made a U-turn on its plans to make it harder for firms to challenge their business rates bill after a number of business lobbying groups opposed the policy.
With the consultation on the Direct Recovery of Debts (DRD) powers for HM Revenue & Customs (HMRC) closing yesterday (29 July), financial and legal bodies and business lobby groups have warned that the powers are wrong in principle.
Although research conducted earlier this month (July) found that 80 per cent of MPs in the UK believe the business rates system is “not fit for purpose”, the British Retail Consortium (BRC), which has been campaigning for a fairer tax system for businesses for many years, has shelved its proposals for alternatives, admitting it is…
The Government’s aggressive cuts to corporation tax are costing more than £5bn a year, requiring funding from elsewhere in the Budget at a time of spending cuts, which is the wrong strategy to follow, according to critics.
In an historic move, MPs from London and many of England’s largest cities have united to call for greater financial freedoms enabling local politicians to have more tax-raising powers, including for stamp duty and business rates.
The Confederation of British Industry (CBI) is calling on the Government to make a number of changes to the business tax system in the UK, including to improve cash flow, widen access to research and development (R&D) tax relief and to make it easier for firms to export.
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