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Business rates revaluation set to be announced

The government has published its consultation document on the revaluation of business rates coming into force from 1 April 2017.

The government claims that the majority of ratepayers will see a small change in their rates while some properties will face a significant change in rates.

Transitional arrangements will be put in place to allow businesses to adjust to their new rates...

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Right to Buy helps 56,000 house purchases

Over 56,000 homeowners used the government’s Right to Buy scheme when purchasing their first home, according to the Department for Communities and Local Government (DCLG).

Figures show that over 3,350 households were bought under the scheme in the 3 months leading to June 2016 – a 21% increase from the same time in 2015.

There have also been 7,018 starts and acquisitions,...

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Intangible assets outstrip ‘bricks and mortar’ investment

Intangible asset investment reached £133 billion in 2014, according to research by the Intellectual Property Office (IPO).

Intangible assets include spending on R&D, software and design.

The figure was 9% higher than tangible asset investment such as a property, machinery and IT.

Investment in tangible assets grew by 38%, from £87.9 billion to £121 billion between 2011...

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RTI reporting challenging for micro-employers

A lack of understanding of how the PAYE real time reporting (RTI) process works is continuing to drive errors in reporting among micro employers, according to research by HMRC.

Failures in PAYE RTI reporting management are the main source of micro-employer error. HMRC research found that PAYE management was not integrated into the payroll process and that many respondents did not see it...

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Brexit round-up: Brexit process to begin early 2017, says Johnson

Here is a round-up of the top Brexit-related stories this week.

Johnson says article 50 to be invoked in early 2017

Foreign secretary Boris Johnson has said that the government is likely to trigger article 50 and begin the process of the UK leaving the EU in early 2017.

Talking at the United Nations in New York, Johnson said:

“Talking to our European friends and...

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