{"id":201,"date":"2014-09-01T00:00:00","date_gmt":"2014-09-01T00:00:00","guid":{"rendered":"http:\/\/slacc.wpengine.com\/index.php\/new-support-for-home-based-businesses\/"},"modified":"2014-09-01T00:00:00","modified_gmt":"2014-09-01T00:00:00","slug":"new-support-for-home-based-businesses","status":"publish","type":"post","link":"https:\/\/slacc.co.uk\/index.php\/new-support-for-home-based-businesses\/","title":{"rendered":"New support for home based businesses"},"content":{"rendered":"<p>\n\tIt is estimated that seven out of ten small businesses are managed in the first instance from home. Home based entrepreneurs contribute &pound;300 billion to the UK economy. It is not surprising, therefore, that the Government have woken up and realised that they should be supporting this sector.<\/p>\n<p>\n\t&nbsp;Recently, the Business Minister, Matthew Hancock, announced a package of additional support for home based business owners. They include:<\/p>\n<ul>\n<li>\n\t\tThe law will be changed so that landlords can be assured that agreeing to home working by tenants will not undermine their residential tenancy agreement. A new model tenancy agreement will also be made available shortly;<\/li>\n<li>\n\t\tUpdated planning guidance will make it clear that planning permission should not normally be needed to run a business from your home; and<\/li>\n<li>\n\t\tNew business rates guidance will clarify that in the majority of circumstances home based businesses will not attract business rates.<\/li>\n<\/ul>\n<p>\n\tThis is welcome news. It is a pity that the announcement did not include a relaxation in the complicated Capital Gains Tax rules that can affect individuals who claim for the use of a room at home to run their business.<\/p>\n<p>\n\tReaders may be interested to know that there are already 2.9 million businesses being run from entrepreneurs&rsquo; homes. As mentioned above, these businesses contribute &pound;300 billion in annual turnover to the UK economy. They also have a marked affect on employment.<\/p>\n<p>\n\tIf 1 in 10 home businesses took on just 1 extra employee it would create 300,000 jobs. Unemployment fell in June 2014 to just over two million so the 300,000 reduction would represent a significant 15% fall.<\/p>\n<p>\n\tOn the face of it, home based businesses can take encouragement from these announcements. Let&rsquo;s hope that these will be the first of a number of initiatives to encourage entrepreneurs to take the plunge.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>It is estimated that seven out of ten small businesses are managed in the first instance from home. Home based entrepreneurs contribute &pound;300 billion to the UK economy. It is not surprising, therefore, that the Government have woken up and realised that they should be supporting this sector. &nbsp;Recently, the Business Minister, Matthew Hancock, announced [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-201","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=201"}],"version-history":[{"count":0,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/201\/revisions"}],"wp:attachment":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}