These comments provide an overview of the current position in early May 2020. Government may make changes as the legislation proceeds through Parliament and also if further challenges arise due to the Coronavirus emergency.
Coronavirus is not just a world health emergency; it is an economic one too. The economic impacts are plain to see and emergency provisions are being made worldwide in an attempt to support individuals, business and anyone who advises them. ICAEW is monitoring the situation closely and collating resources as conditions unfold.
Access resources on the construction industry scheme (CIS) and how it applies for businesses within the UK tax regime
Guidance for people who work in or from vehicles, including couriers, mobile workers, lorry drivers, on-site transit and work vehicles, field forces and similar.
Guidance for people who run outdoor working environments.
Guidance for people who run offices, contact centres and similar indoor environments.
Listen to our latest webinar to find out more about COVID-19 government support schemes.
This online resource, created by the ICAEW Business and Management Faculty, looks at the evolving situation and its implications from a supply chain perspective as well as what you can do now to protect yourself from the impact on business performance.
Support on the CJRS, the government scheme to help businesses retain furloughed staff during the COVID-19 pandemic, including details of the data needed to apply and details of who isn't covered.
29 May: COVID-19 has forced the issue of working from home to the forefront of many organisations thinking, but it has simply turned up the dial on a shift in working behaviour that has already been gaining pace and that the real estate sector must respond to.
27 April 2020: the Public Accounts Committee has launched a formal inquiry into the risks from English local authority investments in commercial property
19 February 2020: The National Audit Office (NAO) last week reported on the 1,340% increase in local authority spending on commercial authority acquisitions in the three years to March 2019 compared with the previous three years, highlighting the risks these investments could pose to the public finances.
A budget update from Ros Rowe, subject matter expert for the Construction & Real Estate Community
29 January 2020: changes to reporting and paying tax on residential property sales by UK residents are coming into effect this year. Practitioners and taxpayers should be aware of the new regime for the residential sector.
Articles and resources relating to taxation in the construction and real estate sectors, including property tax.
Articles and resources relating to the commercial construction sector, covering the various capital allowances available for commercial buildings, the Business Premises Renovation Allowance and ICAEW representations relevant to the sector.
Articles and resources relating to taxation in the real estate sector.
Articles and resources relating to VAT in the construction and real estate sectors.
Articles, books and online resources on the UK construction industry scheme.
Articles and resources relating to devolved taxes payable in Scotland or Wales
Welcome to our new hub containing a suite of resources covering IFRS 16, which sets out the principles that both lessees and lessors apply to provide relevant information about leases. This hub contains a range of articles and extracts from various sources, including a new IFRS 16 Leases report published by the Financial Reporting Faculty exploring the IASB's new leases standard.
This webinar explores the tax implications of IFRS 16 Leases and includes practical illustrative examples.
IFRS 15 provides a single, principles-based five-step model that should be applied to determine how and when to recognise revenue from contracts with customers.
IFRS 9 sets out the requirements for recognising and measuring financial assets, financial liabilities, and some contracts to buy or sell non-financial items.
Impairment of Assets
Industry sector guides
Guide to researching the building and construction industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Guide to researching the property selling, development and rental sectors. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Guide to researching architects and architectural services firms. Quick links to trends, forecasts, market research, statistics and useful organisations.
Residential landlords must comply with a new requirement to carry out electrical safety checks at properties they let on new tenancies, and on existing tenancies, including assured shorthold tenancies that have ‘rolled over’ and become statutory periodic tenancies.
Landlords planning to end a residential tenancy must factor in a delay of (at least) three months before they may be able to recover possession of their property, compared to the previous notice period of one month, under new COVID-19 related laws.
Landlords, tenants and property professionals will welcome a new version of the Code for leasing business premises in England & Wales, published by the Royal Institute of Chartered Surveyors (RICS).
Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.
The Library & Information Service provides a hand-picked collection of eBooks as a benefit of membership. If you are unable to access an eBook, please see our Help and support or contact email@example.com
A practical guide to the best approaches for commercial real estate value assessment. This chapter provides a case study on valuing a four-star hotel located in a UK city.
A practical guide to the best approaches for commercial real estate value assessment, covering all key elements of commercial property valuation, including valuation queries, real estate report structure, market analysis, capitalization and discount rates estimation.
Fully updated guide focusing on each area of the financial statement in detail with illustrative examples. This chapter on accounting for revenue gives a comparison of FRS 102 Section 23 and IFRS, and looks at measurement of revenue, identification of the revenue transaction, sale of goods, rendering of services, percentage of completion method, franchise fees, interest, royalties, dividends, construction contracts, disclosures, and practical implementation issues.
The twelfth edition of this essential valuation textbook reflects the changes in the regulatory and statutory framework for property valuations that have occurred since 2013, as well as presenting the tried and tested principles and practices of real estate valuation.
Labour peer Lord Mendelsohn has today introduced a Private Members Bill to the House of Lords aimed at addressing late payments and strengthening the powers of the Small Business Commissioner.
WeWork's landlords in New York and London are preparing for a drop in demand from the co-working company.
The UK property market is still seeing flat or negative sales in most areas of the country.
With the upcoming FIFA World Cup and World Expo 2020, the Middle East region is commanding attention on the global stage.
Anti Money Laundering and construction
Guidance and other work that we have done on anti-money laundering law and practice, in the UK and internationally.
Health and safety
Here’s why health and safety legislation makes good business sense
Business Opportunity Profiles
Profile of the current trading, legal and market issues for buy-to-let landlords from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.
Profile of the current trading, legal and market issues for commercial property agents from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.
Profile of the current trading, legal and market issues for general builders from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.
Profile of the current trading, legal and market issues for property maintenance services from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.
Profile of the current trading, legal and market issues for residential letting agents from Complete Business Resource Advisor (COBRA), an online reference source for anyone considering starting or advising a business in the UK.
Construction and Real Estate community newsletters
Events and webinars
The objective of the webinar was to identify factors that contribute to the effective delivery of construction projects.
CABA free personal and professional development e-learning courses
The webinar focuses on a number of topics relating to Brexit and business preparedness.
Missed the launch event? The speakers' slides are available here.