Wilson Wright Partner Blog

Monthly Archives: December 2016

RICS: House price growth will slow in 2017, but rents will rise

Warren Baker
Dec 22,2016
Warren Baker

Predictions from the Royal Institution of Chartered Surveyors (RICS) suggest that house price growth will slow by more than half in 2017 – whereas rents will rise by as much as three per cent.

Total amount of corporation tax owed to HMRC up by 15 per cent

Craig Nicholson
Dec 21,2016
Craig Nicholson

The amount of unpaid corporation tax thought to be owed to HM Revenue & Customs (HMRC) by UK businesses has risen by 15 per cent, according to reports.

Start-up owners shouldn’t be working overtime this Christmas

Warren Baker
Dec 16,2016
Warren Baker

Studies suggest that UK owners of small and start-up businesses will be working overtime this Christmas. 60 per cent of entrepreneurs say that the move is a testament to their commitment to growing their firm, but 34 per cent claim that they simply “can’t afford” to take time off – due to excessive tax burdens

Britain’s largest businesses make sizeable contribution to tax receipts

Adam Cramer
Dec 15,2016
Adam Cramer

New research has revealed that the UK’s biggest firms contributed more than £80billion in tax over the course of 12 months.

UK levies more property tax than anywhere else in the world

Warren Baker
Dec 15,2016
Warren Baker

The UK has the highest residential and commercial property taxes in the developed world, a report has revealed.

HMRC consults on changes to clearances

Lee Davy-Martin
Dec 13,2016
Lee Davy-Martin

HM Revenue & Customs (HMRC) has launched a consultation into proposals which it has claimed will streamline clearances for those firms making use of venture capital schemes and various tax reliefs.

Study sheds light on start-up success

Warren Baker
Dec 9,2016
Warren Baker

Around 500,000 new businesses have begun trading in 2016 so far, and the latest research suggests that almost 80 per cent of all start-ups have managed to turn over a profit within their first year of doing business. According to business directory Yell.com, 79 per cent of small business owners achieved profitability within their first

Reporting requirements will put extra strain on businesses which are already tax-compliant

Adam Cramer
Dec 8,2016
Adam Cramer

Concerns have been raised that additional reporting requirements relating to corporation tax may put an undue burden on many businesses. Details of a number of new rules have been laid out in the Finance Bill 2017, with the Government arguing that the adjustments are designed to close loopholes and crack down on tax avoidance. There

Concerns that SDLT surcharge is weighing heavily on demand

Warren Baker
Dec 7,2016
Warren Baker

Former Chancellor George Osborne’s introduction of a three per cent Stamp Duty Land Tax (SDLT) surcharge payable upon purchase of additional residential properties has hit demand for homes, according to housebuilder Berkeley Group. Berkeley Group has branded Osborne’s much-criticised move an “extraordinary attack on buy-to-let landlords” and suggested that the surcharge is responsible for a

We need to help start-up businesses

Lee Davy-Martin
Dec 7,2016
Lee Davy-Martin

I have, for a long time now, been promoting the case for simplifying the UK’s tax system, arguing this would make it far easier for start-up businesses to expand. A study – Britain Unlocked: a tax code for global ambition – warns that the current regime creates too many obstacles for those who have launched


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