CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow CREFC Europe respond to Budget changes to SDLT and BEPS and interest deductability
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
CREFC Europe respond to Budget changes to SDLT and BEPS and interest deductability PDF Print E-mail
Thursday, 17 March 2016

Peter Cosmetatos, CEO, CREFC Europe, said: "While there are a few positives in this budget – such as certain business rate changes – there is further evidence that the government doesn't fully appreciate the essential role large-scale, strategic property investment plays in our economy. 


The stamp duty announcements in particular will surely end up hitting regeneration and mixed-use place making, so even small businesses will suffer indirectly from higher rates for bigger transactions. If we are serious about re-booting our economy by being a nation of builders, hitting the institutional PRS and commercial investment with extra SDLT makes no sense. The government risks stifling interest in our economy and driving much-needed investment away.”

BEPS and interest deductibility
Peter Cosmetatos, CEO, CREFC Europe, said: “By rushing to adopt OECD plans restricting interest deductibility the chancellor risks undermining investment just when we need it most. Capital-intensive businesses like commercial property rely on debt to fund investment.  While we support OECD and G20 efforts to counter international tax avoidance, rushing in such measures could be harmful to investment in UK cities.”

Stamp duty land tax
Peter Cosmetatos, CEO, CREFC Europe, said: “For investors in larger properties, the change to the SDLT rules effectively means that their stamp duty tax bills will go up by almost 25 per cent overnight. The likelihood is that this cost will ultimately be passed on to tenants. Small businesses may find themselves the unintended victims of a tax change that was said to be directed at helping them.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197