Introduction By 2025 more than 50% of 20-39 year-olds are expecting to be living in a privately rented rental property across the UK as the rise of ‘Generation Rent’ continues. Furthermore, as the rental market continues to grow, so does the competition with new...
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Most UK manufacturers are aiming to grow their business
Introduction According to a survey conducted by the manufacturing trade body Make UK, 52% of UK manufacturers plan to grow their business during the next five years by over 20%. If manufacturing output for UK GDP increased from 10% to 15% this year, this could result...
Government launches ‘Generation Logistics’ to address skills shortage
The government has launched a campaign called ‘Generation Logistics’, which will be an industry-led recruitment and awareness campaign supported by the government to help address the skills shortage in the transport and logistics sector. Why has the government...
Manufacturing trade bodies call for immediate financial support
Introduction Earlier this year the chancellor announced that he would offer support to the manufacturing sector this autumn. However, manufacturing trade bodies such as Make UK have said that support is needed before the summer parliamentary recess. Make UK has given...
How to avoid penalties for Making Tax Digital for VAT?
Filing VAT returns Businesses must file their VAT returns using functional compatible software. Most businesses are doing this successfully, but those who do not may be charged a £400 penalty for each VAT return filed. Keeping records digitally Businesses must also...
SRA Confirms Fining Power Increase to £25,000
Towards the end of 2021 the SRA announced that they were proposing an increase in fining powers from £2,000 to £25,000. In addition, the regulator announced the development of a new fast track system for ‘fixed penalties’ for low-level offenses. It was recently...