The National Living Wage
Britain’s businesses urged by the Government to be prepared to pay the National Living Wage.
Guide to UK accountants
Comprehensive overview of the qualifications of bookkeepers and accountants in the UK.
2014 saw UK business start-ups boom
The Office for National Statistics has published data, which shows that more UK businesses opened their doors in 2014 than at any point since 2000. It is estimated that 351,000 businesses were started, which is an increase of 1% in comparison with the year before. It does however not specify how many of these were…
Rental price growth in London
Rental price growth of London skyscrapers outpaces the rest of the world According to real estate firm Knight Frank, office rents in London are growing faster than in any other major city around the world. Growth in towers like the Shard and the Cheesegrater has increased by 10.7% in the last six months ahead of…
Business rates decentralised by 2020
Plans for local government to gain new powers and retain local taxes set out by George Osborne On 5 October the Chancellor set out plans to devolve new powers from Whitehall to local areas to promote growth and prosperity by attracting business and creating jobs. Local government will be able to retain 100% of local…
Employment rate at record high
Employment rate in the UK has reached a new record high – it now stands at 73.7%; furthermore the unemployment rate has also reduced to 5.3%. This is the lowest it has been since early 2008 and according to the latest figures from the Office for National statistics is reaching pre-recession levels. In the second…
Changes to how dividends are taxed 2016
April 2016 will bring about changes to how dividends are taxed. Dividends are annual cash payments made to holders of certain shares, which provide a vital source of income to many pensioners that rely on savings in retirement – many pick shares solely based on their dividend payouts. With the new system the current Dividend…
Abbreviated accounts for micro companies
Abbreviated accounts for micro companies 1Office UK’s country manager Ivar Veskioja discusses the transposition of the European accounting directive and the recent decision of the European court and explains, what the directive actually changes. The position of Estonia’s last government When criticising the directive, the Estonian government has found that the original aims, reducing the…
UK tax system explained to foreigners
The tax system in the United Kingdom is not easy to explain to foreigners. Arguably UK has the longest tax code in the world since 2009. Then international legal research company LexisNexis revealed their finding that the UK tax code has more than doubled in size since 1997, reaching 11,520 pages. The annual changes to…
Office space in London: Tips and advice
Office space in London can be a challenge 1Office UK director Ivar Veskioja explains to overseas entrerpreneurs the process of leasing an office space in London. London is an attractive metropolis The United Kingdom continues to be England together with Scotland, Wales and Northern Ireland and London is still an attractive destination for start-ups and…