The Local Government Association (LGA) has called on the Government to make business rates “fit for the 21st Century” by allowing councils to set the rates and retain any growth in income.
According to the Centre for Entrepreneurs, the UK has reached an all-time record in the number of businesses launched in 2014, with half a million start-ups having set out their stalls so far this year; reaching the total a month earlier than in 2013.
Academies and colleges will be allowed to borrow money from government capital funds for the first time, under new Department for Education (DfE) plans.
The Government has made the official announcement that business property in the UK is to be revalued on 1 April next year, with the new tax payments taking effect from 2017.
Asset finance has continued to surge in popularity, with many start-ups turning to the option to help them secure starting capital. In 2013/14, £23.9bn was borrowed through asset finance, signifying a growing interest in alternatives to traditional loans.
The Academies Enterprise Trust (AET), England’s largest academy chain, has been sent a notice of financial concern by the Education Funding Agency (EFA).
Italy is urging European Union ambassadors to inject life back into stalled plans for the proposed financial transaction tax (FTT) as a December deadline looms, with the ambassadors being asked to resolve key disagreements and ask their staff to find a compromise by the end of the year.
New research shows that there has been an increase in the number of start-ups applying for private funding using the Government’s Seed Enterprise Investment Scheme (SEIS).
A report published recently by the Office of Tax Simplification (OTS) shows that the administration of corporation tax, VAT employers’ National Insurance (NI) and PAYE in the UK is competitive but that we can aspire to do better.
The thriving tech sector, which typically outstrips the rest of the UK economy in terms of job hiring and business activity, is being held back by the UK visa system, which is not allowing talented foreigners into the country fast enough.