Business investment remained stable in the United Kingdom at GBP 49.2 billion this autumn, after a 0.4 per cent fall in the previous period and compared with market expectations of a 0.5 per cent decline.
HMRC recently have got new powers to raid premises and demand inspections of your firm's records if it is investigating VAT or contractor tax frauds. Companies could face unlimited fines and be prosecuted and if they fail to spot tax evasion by their supplier.
Oracle Capital Group recommends clients to carry out due diligence on contractors and suppliers, as well as to get to know their responsibilities under "corporate criminal offence" legislation.
Cyprus applied to become part of the Schengen area in September.
Cyprus became a candidate country bound to join the Schengen Area. Residents of non-EU states who hold valid multiple-entry Schengen visas can first pass through a full Schengen member territory and enter Cyprus. The above arrangements do not apply for persons holding a Turkish or Azerbaijani passport, says Cyprus Ministry of Foreign Affairs.
The uncertainty on the market continues with Brexit delay until January 31, 2020, or before if a deal with the EU is achieved, and prospective General Election. The average value of a property within "golden postcodes" of Central London in October is down just 2% and is £1.8M for now. But life does not end in Central London.
In the industrial property sector, demand continues to outstrip supply: concludes the recent market survey performed quarterly by RICS. After months of uncertainty, caused by the bumpy Brexit process, solid demand growth is reported within the industrial sector, as became evident across all parts of the UK.