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19 Jul

Businesses Call For More Government Support

Four out of five entrepreneurs in the UK believe the Government could do more to support their small business, research claims.

Aldermore surveyed 1,799 people, including 642 small business owners and found 79% of respondents believed existing initiatives did not provide enough support to SMEs.

Apprenticeship levy funds to towards the training of apprentices but only 36% of SMEs polled were aware of the funding and only 4% had accessed this form of Government support.

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19 Jul

Tenant Fee Ban To Cost Lanlords £82.9m

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

The tenant fees bill, which was published on 2nd 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.

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11 Jan

Chancellor freezes VAT threshold until 2020

Small businesses breathed a collective sigh of relief when Chancellor Philip Hammond resisted calls to lower the VAT registration threshold in Autumn Budget 2017.

The Office of Tax Simplification (OTS) made eight core recommendations for the Government to clarify the VAT system ahead of the Chancellor's speech on 22nd November 2017.

It called the current VAT registration threshold of £85,000 the most pressing issue in its Routes to Simplification report.

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