Out of town and into the black?
Article Abstract:
The concept of business parks deserves serious consideration in view of the many problems associated with operating a business in the inner city. London-based Royal Mail, for example, incurs additional expenses totalling to some 10 million pounds sterling annually due to inner city congestion. This congestion, together with hold-ups, also costs Marks and Spencer two million pounds each year. A study found that of all businesses that have decided to move into business parks, 85% expressed satisfaction with their decision. The most common reasons cited for the move included the desire for an improved corporate image, a more relaxing environment, a better position to expand or reorganize, and greater ability to recruit personnel and reduce costs. Those intending to move into business parks are advised to examine important concerns, one of which is the availability of public transport.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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Shipshape in Docklands?
Article Abstract:
An increasing number of businesses are starting to operate in the oft-derided London's Docklands. Marketing campaigns on television and newspapers have positively changed the image of the business district despite problems that continue to exist. Foremost of this is the transportation system in the area which resulted from the lack of an overall planning before and during developments in the area. However, this may be remedied by the Limehouse Link, an underground road tunnel whose opening in 1993 is expected to improve traffic conditions in Tower Bridge and Wapping. Meanwhile, more offices are being set up in the area including those to be occupied by government departments, a pension fund, a restaurant, a university and television production company.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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Business premises with value added
Article Abstract:
The rent-free periods usually offered by property developers to prospective tenants deserve careful consideration as they can be subject to the full value added tax (VAT) liability of 17.5%. The rent-free periods are often offered by developers to prospective tenants to induce them to contribute to property development funding. However, the property industry's claim that rent-free periods are not liable to VAT has been put into question by the unclear position taken by UK Customs office on the matter. The issue arose when Customs imposed and then rescinded a VAT penalty relating to rent-free tenancy on surveying firm Lambert Smith Hampton.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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