Business and Other Briefings
ScotGov: Local Government Minister Derek Mackay has announced a new business rates relief of up to 100%, which will ‘help developers and encourage the supply of new build business premises’. This new relief will help new empty properties built in Scotland from 1 April 2013.
The scheme aims to encourage speculative development & investment and increase supply of new premises for businesses by providing rates relief to owners/developers of new build empty properties for up to 18 months . The relief will run for 3 years. More details on the initiative will be announced shortly.
CLG: A new scheme (the Industrial Cadets scheme) to ‘raise the aspirations & develop the employability skills of young people by exposing them to career opportunities in local industry’ was launched last week – See the ‘Policy Statements & Initiatives’ section for more information.
This Brief confirms HM Revenue & Customs view of the VAT treatment of rooms provided in hotels and similar establishments for the purpose of supplies of catering. It is issued following the review and publication of Notice 709/3 Hotels and holiday accommodation.
