Bank of England Raises Interest Rates to 5.25% Amid Soaring Prices and Easing Inflation
The Bank of England raises its interest rate to 5.25% to tackle the issue of inflation.
HMRC Pursues Uber for £386m VAT Bill
Uber faces a tax dispute with the UK’s tax authority, HM Revenue and Customs (HMRC), as the latter demands an additional £386 million in VAT payments. The disagreement revolves around Uber’s use of the Tour Operators Margin Scheme (TOMS) for...
Urgent Registration Required for Short-Term Let Landlords in Scotland
Scottish landlords operating short-term lets, like Airbnb hosts, face an urgent deadline for property registration under new licensing rules, aiming to elevate safety standards and avoid penalties.
UK’s Holiday Accommodation Sector Poised for Robust Growth in 2023
The UK's holiday accommodation sector, after facing setbacks in 2021 due to the pandemic, showcases strong signs of recovery and growth in 2022, offering an alluring opportunity for investors aiming to diversify their property portfolios.
UK Housing Market Witnesses Steepest Annual Price Drop in 14 Years
Amidst a 14-year record drop in UK house prices and market volatility, experts cautiously anticipate a potential softer landing and improved prospects for stability in the property market.
UK to Double Second-Home Owners’ Taxes for Affordable Housing Boost
UK government mulls increasing property taxes on second homes to fund affordable housing, sparking debate amid the nation's housing crisis.
£1.7 Billion Unclaimed in Child Trust Funds
Child Trust Funds worth £1.7 billion remain unclaimed, hindering financial support for nearly a million young adults, sparking urgent calls for proactive measures and improved accessibility.
UK Landlords Favour Selling Over Investing in EPC Upgrades
UK landlords' hesitance to invest in energy-efficient upgrades, preferring property sale over green improvements, presents obstacles to government initiatives for long-term energy efficiency in rentals.
Company Director barred: £170k false HMRC Tax Claim
Burnley's Stoyan Kostov disqualified for 12 years after falsely claiming £170,000 through HMRC's Construction Industry Scheme, highlighting the consequences of financial misconduct and reinforcing the importance of ethical business practices.
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